Expecting A Brighter Future？

China＇s shipbuilders faced with great difficulties China＇s fledgling shipbuilding industry is set for more hard times as industry insiders have indicated that the global shipbuild- ing industry is unlikely to recover in the near future. New ship- building orders received by China in the first quarter of this year fell 98.3 percent year-on-year to 0.19 million deadweight tons （dwt）, according to Clarkson Research Service. In the first quarter, new orders have fallen by 97 percent to 1.33 million dwt worldwide.     

China＇s industrial output grew 5.1↑in Q1

China＇s industrial output grew 5.1 percent year on year in the first quarter, down 11.3 percentage points from the first quarter of 2008, the National Bureau of Statistics （NBS） said on April 16.     

GDP：6.1%↑in Q1

China＇s economy expanded by 6.1 percent year on year in the first quarter, official data showed on April 16.     

China's Macroeconomic Picture in 2008

In general China＇s economic development has basically been good until now. In 2007,China＇s economic growth rate stood at 11.9%,while in the first quarter of this year,this rate maintained 10.6% growth,as national fiscal revenue increased by 35.5% compared with the same period last year. However, more macro control measures for the economy are still ahead.     

Retail sales： 17.9% ↑ in Q1

China＇s retail sales, the main gauge of consumer spending in the world＇s fastest-growing economy, rose 17.9 percent year on year to RMB 3.64 trillion （US$532.56 billion） in the first quarter this year, the National Bureau of Statistics （NBS） said on April 15.     

Im/Ex in April, 2010： First Monthly Trade Deficit in Six Years

On April 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 April and the first quarter of this year. China＇s trade balance turned red in March with the country＇s first monthly trade deficit in six years. The GAC attributed the March deficit to shrinking exports of labor-intensive products, surging imports and rising commodity prices.     

China＇s Machinery Industry Going Like Gangbusters

Output in China＇s machinery industry soared 32% year on year to RMB 1.5 trillion （US$196 billion） in the first quarter, according to the latest report from the National Development and Reform Commission.     

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,     

China Telecom＇s net profit down 27.5% in H1

China Telecom Corp, Ltd., China＇s largest fixed line service provider, said on August 27 that net profits fell 27.5 percent from a year earlier in the first half of this year on losses of fixed-line subscribers and increased costs on mobile services. Net profits stood at RMB 8.41 billion （US$1.23 billion U.S. dollars） in the first half, excluding gains from fees collected from installation of fixed lines. Earning per share was RMB 0.1, the company said in its statement to the Hong Kong Stock Exchange. Revenue rose 14.8 percent year on year to RMB 102.55 billion from January to June. The company said it didn＇t plan to pay an interim dividend, but would consider the matter at the end of the year.     

PC Market,Brighter in 2010？

Sharp reduction
Many Chinese PC producers＇ revenue has decreased greatly due to the influence of the crisis. Sales and profits witnessed a dramatically decrease in China＇s PC market. Lenovo, China＇s largest PC manufacturer, grew 17 percent in PC sales in the second quarter of 2008 in Greater China, declined by 8 percent from its first quarter, and the market share fell to 27.9 percent from 28.8 percent. Worse situation came across to other major PC producers. Founder, the second largest PC producer in China, decreased 11.36 percent year on year in PC sales volume. Similar decline happened to other peers in no exception.     

Qingdao Jimo：Online Clothing Wholesale Platform Launch Soon

China＇s national scale enterprises completed fabric output of 4.98909 billion meters in March of 2010, and 13.22906 billion meters in the first quarter, an increase of 17.64 percent year on year, according to the latest statistics from the statistics Center of China Textile Industry Association.     

Seeking China Capital for Investment in Iran Oil Refining

Influenced by the financial crisis, the overall bilateral trade volume between China and lran decreased .by 39% in the first quarter of 2009;however, the volume of Iran＇s exported crude oil to China has increased by 88% compared with the same period last year up to May of 2009, totaling 308.8 million tons. Iran, as the world＇s No.5 crude exporter, replaced Saudi Arabia as China＇s largest oil supplier. At the same time, China, as the world＇s No.2 oil consumer, now imports half of the crude oil it consumes, and has become Iran＇s third largest customer.     

China＇s fixed asset investment：28.8%↑in Q1

China＇s fixed asset investment in the first quarter rose 28.8 percent year on year to RMB 2.81 trillion（US$411.4 billion）, the National Bureau of Statistics （NBS） announced on April 16.     

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.     

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.     

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.     

Im/Ex in July, 2010： Biggest Trade Surplus in a Year anda Half

On August 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 July and the first seven months of this year. China＇s trade surplus for July widened to its highest level in a year anda half,     

Wal-Mart China revises streamlining plan after trade union steps in

Gome, China＇s largest consumer electronics retailer in terms of number of stores, announced its net profit for 2008 fell by seven percent from a year earlier, the first ever since listing.The company did not say when it will resume trading, according to April 29＇s Shanghai Securities News.     

Cool Down!——The State Administration of Grain Lower Expectation of Grain Price

The rising grain price in the first half of the year, coupled with the news that China＇s summer grain output fell for the first time in seven years, has enhanced market expectation for the grain price to rise.     

英文摘要

The Competitiveness of ＂Made in China＂
China＇s annual imports and exports of goods exceeded USD4tn for the first time in 2013 and made China the largest trading nation around the world. However, the overall foreign trade competitiveness of China＇s industries declined this year. The shift in the trading pecking order reflected China＇s rising global dominance, and the falling competitiveness may be the reflection of the slowdown in economic growth.