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Customs and Excise Department has issued import and export situation in April. Statistics show that in April the month of China's total import and export volume dropped 22.8 percent year-on-year, of which 22.6 percent decline in exports, while imports fell 23%.
Compared with March, April year-on-year decline in exports of 5.5 percentage points better. However, by working days on average, in April than export growth of 6.9% ring, following a single month in March after the re-emergence of export growth than Central.
In addition to import and export, export and import growth ring than again, the labor-intensive products in China in April also continued to maintain the chain growth. Among them, the clothing and accessories, textile yarn and fabrics, footwear, bags and toys than the growth in exports by 3.9% Central and 13.4%, 3.8%, 22.4% and 18%.
"Shrinking external demand, the pursuit of speed and scale of exports is not reality, it is most needed to seize the opportunity to enhance the quality and efficiency of export." National Development and Reform Commission macro Institute Zhang Yansheng, director of foreign economic proposals, such as the future of the total export tax rebates Enough is enough volume of policies, the Government should carry out some more policy innovation, to the enterprise in order to effectively support and promote the growth mode of foreign trade to speed up the transition.
"These products are necessities of life of residents of developed countries, but its a very small proportion of the total amount of spending and the demand will be relatively stable." State Council Development Research Center of Foreign Economic Research Department Zhang Xiaoji noted that some recent cross-border purchases, retailers stock increase in the traditional labor-intensive enterprises is a good news. At the same time, China's imports of primary products increased. Statistics show that China's iron ore imports in April year-on-year volume growth of 33.2%, crude oil imports increased 13.6 percent, refined oil imports increased 2.6%. "This shows that the expansion of domestic demand, stimulate investment and begin to see the effectiveness of the policy." Zhang Xiaoji said that the decline in import prices will also help enterprises to reduce production costs.
Indicators of foreign trade, trade surplus with a cause of concern. Decline in imports than exports as a result of decline, the first 4 months of the realization of China's accumulated trade surplus of 75.43 billion U.S. dollars, an 32.4 percent increase over the same period last year, a net increase of 18.45 billion U.S. dollars.
"Although nominally still a surplus of sustained and rapid growth, but this does not mean that the foreign trade contribution to economic growth is still positive." Ji Zhang pointed out that the continuing operations of foreign trade export enterprises difficulties, will directly affect the production of relevant, business development services; At the same time, reduce employment, income decline, future consumption growth is also likely to face constraints
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