How Could China's Foreign Trade Get Over Varlous Difficulties?

Dongguan,which leads the development of private enterprises in China,has witnessed the failure of some businesses recently.Some people predict more enterprises will close down in Dongguan in the second half 2011.According to the latest statistics from China Customs,Guangdong,the largest foreign trade province in China,has a total import and export value of US$513.4 billion in the first seven months,up 24％ from a year ago.However this growth is still 1.1 percent lower than the national average (25.1％),marking that the cumulative import and export value growth of Guangdong is below national average for the first time in 2011.In August,the trade value growth of Guangdong dropped to 22.4％.     

Im/Ex in June, 2010： Exports Hit Record High

On July 10, 2010, General Administration of Customs of the People＇s Republic of China （GAC） released the profile of China foreign trade import and export in June and the first six months of this year. China＇s trade surplus fell by 42.5 percent in the first six months this year from a year earlier to US$55.3 billion. In the first half of 2010, exports rose 35.2 percent to US$705.09 billion while imports were up 52.7 percent to US$649.79 billion,     

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.     

April,Another Recovering Month for Im/Ex

China＇s import and export in April,2009 continued to be another month of decreasing trade, the consecutive sixth month from last November.On May 12,General Administration of Customs of the People＇s Republic of China announced the profile of China foreign trade import and export in the first 4 months of this year.According to the customs＇ statistics,the total     

Im/Ex in August,2010: Trade Surplus in Surprise Drop

On September 10, 2010, General Administration of Customs of the People＇s Republic of China （GAC） released the profile of China foreign trade import and export in August and the first eight months of this year. China＇s foreign trade in the first eight months totaled US$1.88 trillion, a year-on-year increase of 40 percent, according to the GAC. Trade surplus for the first eight months of the year totaled US$103.9 billion, down 14.6 percent from the same period last year.     

China＇s Agricultural Trade Deficit Falls 67.2% in Jan-May

China＇s trade deficit in agricultural products dropped to US$ 490 million in the first five months, down 67.2% from the same period last year as export growth ＇outpaced imports, according to figures from the Ministry of Agriculture.     

Trade Statistics：Cotton Yarn ＆ Fabnc in Feb.

Cotton is the single most important textile fiber in the world, accounting for nearly 40 percent of total world fiber production. While some 80 countries from around the globe produce cotton, the United States, China, and India together provide over half the world＇s cotton. This monthly update provides official CNTAC （China National Textile ＆ Apparel Council ） data on China import and export of cotton yarn and cotton fabric, to show a general profile of China＇s foreign trade in current textile industry.     

Statistics Analysis: FDI Obsorbing in Jan-Jun

According to China's Customs' statistics,from January to May 2008,the import and export volume of foreign- invested enterprises totaled US$563.612 billion,an increase of 21.28 percent over the same period of last year,5.02 percent lower than the growth rate of the country (26.30 percent) in the same period,accounting for 55.69 percent of the total import and export of the country.(See Chart 1)     

Big Brother Has Bigger Say

156 delegates from all walks of life in Guangdong province composed the Guangdong delegation for the NPC this year. The import and export value of Guangdong makes up one-third of national total value, and accoums for one-eighth of national economic growth. Guangdong province has maintained its top spot in import and export value among China＇s many provinces and cities for several years, commonly referred to as ＂Big Brother＂. At the same time, it is the region where the global financial crisis has hit China hardest.     

Im/Ex in May,2010：Exports Continued Recovery in May

On June 10, 2010, General Administration of Customs of the People＇s China （GAC） Republic of released the profile of China foreign trade import and export in May and the first five months of this year. China returned to a trade surplus in April on strong exports growth after posting its first monthly deficit in almost six years in March, and Chinas exports surged by 48.5 percent year on year in May, while the imports climbed 48.3 percent, the General Administration of Customs （GAC） announced.     

Im/Ex Difficulty Lasts in the First 5 Months

On June l 1, General Administration of Customs of the People＇s Reptlblic of China announced the profile of China foreign trade import and export in the first 5 months of this year. According to the customs＇ statistics, the total import anti export value for the first five months amounted to US$763.49 billion, 24.7% decreasing compared with the same period last year. Among the total value, the export value amounted to US$426.14 billion, down 21.8% year-on-year, while the import US$337.35 billion, 28% decreased year-on-year. And the trade surplus from January to May achieved US$88.79 billion, 15.7% growth year-on-year, a net growth of US$12.05 billion.     

Im/Ex in March Witnesses Recovery Signal

China＇s import and export in March, 2009 continued to be another month of decreasing trade. On April 10, General Administration of Customs of the People＇s Republic of China announced the profile of China foreign trade import and export in the first quarter of this year. According to the customs＇ statistics, the total import and export value for March amounted to US$162.02 billion, 20.9% decreasing compared with the same period last year. Among the total value, the export value amounted to US$90.29 billion, down 17.1% year-on-year,     

Luxury＇ OEM chain in China

According to statistics, China＇s domestic clothing consumption averaged an annual growth rate of 14.72 percem from 2001 to 2008, 2009 growth rate is expected to remain rhore than 15 percent, althoughexposed to the international financial crisis, clothing consumption becomes a major boost to China＇s textile industry. Along with the steady and rapid development of China＇s economy, demand for textiles in automotive, construction, health, energy, aerospace, agriculture industries are also on the rise. 2008 industrial textile volume exceeded 6 million tons, accounting for 17 percent of total textile fiber processing volume in China.     

Auto：Booming Secondary and Third-Tier Markets

Slower growth
In 2008, China＇s auto output and sales growth has slowed, especially after the break of financial crisis. Auto industry revenue decreases because of declined export and slower domestic demand. Sharp decrease occurred to auto export, especially in the second half of last year. （See Chart 1）. China＇s car export amounted to 57,531 sets in the August, down by 18 percent compared to July, which is a rare monthly decline in recent years. In September, vehicle exports 49,600, with 13.77 percent chain drop and 15.70 percent year-on-year decline.     

Im/Ex in February, 2010：Foreign Trade Continue Recovery Trend

On March 10, 2009, General Administration of Customs of the People＇s Republic of China released the profile of China foreign trade import and export in February 2010, still huge pickup as shown in the year-on- year statistics. The statistics from customs show that, the total import and export value from January to February in 2010 is US$386.4 billion, increasing 44.8% from 2008. Among the total value, the monthly export reaches US$204.08 billion, 31.4% increase year-on-year, while the yearly import US$182.32 billion,     

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.     

Creating World Namebrand Product——The Inevitable Approach to Develop China's Clothing-Making Industry

During the Eighth Five-Year Plan period, the output value of the industry increased at a growth rate of 21 percent each year. By the end of the period, its total output, total output value, export volume and export value all ranked first in the world, and China became the world's top clothingmaking and exporting country in the world. In 1996, its exports of clothes were worth US$25 billion——a record figure. Its export value accounted for over 17 percent of the nation's total and clothes constituted the major part of all the commodities exported from China. The number of the countries whose clothes import value from China was more than     

Im/Ex in September, 2010: Export Continued to Surge

On October 13, 2010, General Administration of Customs of the People＇s Republic of China （GAC） released the profile of China＇s import and export in September and the first nine months of this year. China＇s foreign trade in the first nine months totaled US$2.15 trillion, a year-on-year increase of 37.9 percent, according to the GAC. Trade surplus for the first nine months of the year totaled US$120.6 billion.     

Im/Ex in Feb Continues to Fall

February of 2009 witnessed the fourth consecutive months of shrinking trade value of China. On March 11, General Administration of Customs of the People＇s Republic of China announced the profile of China foreign trade import and export in the first two months of this year. According to the customs＇ statistics, the total import and export value for the first two months amounted to US$266.77 billion, 27.2% decreasing compared with the same period last year. Among the total value, the export value amounted to US$155.33 billion, down 21.1% year-on-year, while the import US$111.44 billion, 34.2% decreased year-on-year. And the trade surplus in January and February achieved US$43.89 billion, 59.6% growth year-on-year.     

Irn/Ex in October, 2010： Trade Surplus Jumps to Second Highest

On November 10, 2010, General Administration of Customs of the People＇s Republic of China （GAC） released the profile of China＇s import and export in October and the first ten months of this year. China＇s foreign trade in the first ten months totaled US$2.3-9 trillion, a year- on-year increase of 36.3 percent, according to the GAC. Trade surplus for the first ten months of the year totaled US$144.77 billion, down 6.7% compared with the same period last year.