We Should Make Preparations For Dealing With Trade Barriers.

Data released recently by the General Administration of Customs show that China's trade surplus in October was US $35 billion 239 million, a record high for third consecutive months.

Mei Xinyu, an Associate Research Fellow of the Ministry of Commerce, pointed out that the impact of the future financial crisis on exports will gradually appear in the telephone interview with the China national classics news reporter. The export growth rate is expected to decrease month by month in the future. At the same time, due to the sharp decrease in import volume, the trade surplus will be changed in the previous months, and the annual surplus will be roughly equal to that of last year.

EU, the United States and Japan are the three largest trading partners of our country. The bilateral trade between our country and the European Union and the United States is worth more than US $200 billion.

However, under the influence of the international financial crisis, the global economy has been affected to varying degrees.

The IMF has sharply lowered the forecast of global economic growth in 2009, and predicted that the economy of the developed economies will shrink for the first time since the Second World War, down 0.3%.

Among them, the US economy will grow by 0.7%, while the two main economies in the euro area, Germany and France, will grow by 0.8% and 0.5% respectively.

The real economy of Europe and the United States has just entered negative growth, and there is still a process for its pmission of consumption power, but the weakening of external demand can not be underestimated.

Under the stimulation of the international financial crisis, external demand is expected to drop and export pressure will increase.

According to past experience, the reduction of orders in export enterprises will be reflected in the data in the coming months, and export growth will continue to decline.

Mei Mei's new education believes that China's high trade surplus this year is a foregone conclusion. Despite the cooling of domestic demand, the huge trade surplus has played a positive role in stimulating domestic economic growth. Net exports have become the main force of GDP growth this year.

But the huge trade surplus will further intensify the trade disputes between our country and our main trading partners, especially the trade disputes with the United States and the European Union.

According to our statistics, China's trade surplus with the United States is expected to reach US $100 billion this year, while the US statistics is US $190 billion.

The trade deficit with China has become the favorite topic of some political forces in the United States. We need to be vigilant against possible trade barriers in foreign trade.

The textile dispute between China and the United States has been wake-up call.