Trade Performance： Highlights in the Crisis

On January 13, China Customs issued the annual profile of China＇s foreign trade, including import and export, in 2008. According to the Customs statistics, trade volume last year amounted to US$2.562 trillion, a year-on-year growth of 17.8%. In the total amount, value of US$1.42 trillion goes for China＇s export growth, 17.2% up, while the import takes up US$1.13 trillion, 18.5% up. The trade surplus stood at US$295.47 billion in 2008, increased by 12.5% year-on-year, with the net increase value ofUS$32.83 billion.     

Foreign Trade Restores Growth in 2005

It is estimated that after 2005, China‘s foreign trade will walk out of the state of extraordinary growth, and will restore the state of steady growth.     

China＇s import ＆ Export： 17.8%↑ in 2008

According to preliminarily statistics of Customs, China＇s total import and export in January through December in 2008 amounted to US$2561.63 billion, up by 17.8 percent on a year-on-year basis. Of which export was US$1428.55 billion and import US$1133.09 billion, up by 17.2 percent and 18.5 percent respectively. In December, total import and export in the nation reached US$183.33 billion, down by 11.1 percent. Of which export was US$111.16 billion and import US$72.18 billion, down by 2.8 percent and 21.3 percent respectively.     

Recovering China＇s Foreign Trade in 3Q

China＇s import and export are facing the most difficult challenge beyond expectation, due to the dramatic world economy recession. However, China has been doing its best to minimize the negative effects, and explore new and potential markets. For the first three quarters of 2009, the basic profile of China＇s foreign trade turned out some features according to the analysis by the Ministry of Commerce.     

Behind the Ever-Widening Trade Surplus

China's trade surplus has been on the rise since 2005.The surplus hit US＄32.1 billion in 2004,and has soared to US＄177.5 billion in 2006.The Chinese government has made the reduction of the trade surplus one of its major macro-economic goals since last September.It has actively sought to rein in the surplus by simultaneously making several adjustments in finance rates,taxation,exchange rates,and export policies.However,the surplus has not shown any signs of slowing down or reversing its growth trend.In the first eight months of this year,China's trade surplus has already reached US＄161.758 bil- lion,already close to the US＄177.5 billion total for all of 2006.The following is a brief analysis of the internal and external factors behind the surplus increase.     

Double-Blade Sword： Trade Surplus

In the famous animation Saint Saiya,the golden saint of Gemini, Saga,left audience the deepest impression of being an angel at one side and a demon at the other.So does China's trade surplus.It is a double- blade sword. One blade of the surplus can raise China's capability of foreign payment and debt paying ability.It can ease up the problem of overcapacity and thus accelerate the economic growth ef- fectively.However,the other blade of     

Foreign Trade Requires Balanced International Payment

The continuous huge trade surplus has caused unbalanced international payment. In 2006, the trade surplus reached US177.6 billion. This has had a negative impact on the country＇s foreign trade development, and is therefore a detriment to the healthy development of the national economy, The government has attached great importance to this issue, and is ready to take effective measures to deal with it.     

Chinese Foreign Trade： 60 Keywords in 60 Years

The PRC has attained great economic achievements over the past 60 years since its founding in 1949, and it is on the way to becoming one of the biggest economies in the world. During this historic period, especially since beginning the process of reform and opening up in 1978, the country＇s foreign trade has grown enormously and has played a vital role in its domestic development and the global market,though there were years of halts and setbacks between the late 1950s and the late 1970s.     

City Conservative on Foreign Trade Prospects

The growth of China‘s easterneconomic powerhouse willlikely be dramatically curtailedthis year compared with an“unprecedented“ 2003,it was revealed.     

China Foreign Exchange Trade System Opens in Shanghai

The China Foreign Exchange Trade System, the only national foreign exchange trading institution in China, officially opened for business at 15 Shanghai Bund, Shanghai, on April 18 this year. It marked the start of the first market prices for foreign exchange in the country. The opening of the system means that the relationship between foreign     

To China＇s Foreign Trade magazine for her 50th anniversary ＆ the Organizers of the 100th Session of the Chinese Export Commodities Fair：

On behalf of the United States of America, U.S. Ambassador Clark T. Randt, Jr. and the American Embassy in Beijing and for the U.S. Consulate General in Guangzhou, I am pleased to extend congratulations on the occasion of the 50th anniversary of China＇s Foreign Trade magazine and the 100th Session of the Chinese Export Commodities Fair. Fifty years have passed since the 1st Session of the Trade Fair and the changes have been significant, but the intent - providing China with an opportunity to exhibit its increasingly sophisticated wares and an appreciative global market - remains the same. Moreover, during this time, China has moved from a command economy guided by administrative decree to one which is largely market-oriented and is now the fourth-largest economy in the world. This is a tremendous achievement.     

Witness Tianjin＇s Foreign Trade

Tianjin is located in the middle of Gold Coast of North China as well as the central area of Jing-Jin-Ji Metropolitan Circle.It is the major outlet to the sea in the northern,northeast- ern,and northwestern districts;the axis of two sectors which represent both interna- tional and domestic opening of North China;     

Trade Surplus to Fall This Year

“We believe imports will grow faster than exports, resulting in a further reduction in the trade surplus to US$10 billion from US$25.5 billion in 2003.“     

China＇s Trade Surplus Hits New High

China＇s automobile production and sales both shot up 25% in the first eight months of the year, the China Association of Automobile Manufacturers said on September 8. The country produced 4.64 million vehicles between January and August, an increase of 25.37%.