1. Friday May 25, 2018
      Home > News > Economy
      Text:| Print|

      Foreign trade misses target

      2013-01-11 11:07 Global Times     Web Editor: Wang Fan comment

      China's foreign trade in 2012 rose 6.2 percent from a year earlier, missing its annual growth target of 10 percent, the country's customs bureau said Thursday, noting that this trade performance will improve in 2013.

      Exports rose 7.9 percent in 2012 from the previous year while imports increased 4.3 percent year on year, data released by the General Administration of Customs of China (GACC) showed Thursday. 

      The figure brought the trade surplus in 2012 to $231.1 billion, up 48.1 percent from the level in 2012. 

      "The trade result was hard-won given the deepening of the eurozone debt crisis, slow recovery in the world economy, weak demands in the global market and big downward pressure on the domestic economy in 2012," Zheng Yuesheng, spokesman of the GACC, said at a press conference in Beijing.

      Despite uncertainties, the country's trade will be slightly better in 2013 than in 2012, Zheng said.

      "Many people are too pessimistic about China's external trade. It actually did not perform as badly as it seems. The surplus of $231.1 billion in 2012 showed a positive contribution by trade to GDP growth rather than a drag on the economy," Jin Baisong, deputy director of the Department of China's Foreign Trade Studies at the Chinese Academy of International Trade and Economic Cooperation, told the Global Times.

      "China's trade still remains quite competitive compared with that of other economies in the world," Jin said.

      In the first three quarters of 2012, China's exports grew faster than those of other major economies, with its share in global trade rising to 11.1 percent, up 0.6 percentage points from 2011, data released by the Ministry of Commerce in late December showed. 

      Analysts said as Chinese policymakers have been carefully steering the economy away from reliance on exports to focus on boosting domestic demand, imports are expected to surge in 2013.

      "The country's new leadership is committed to promoting urbanization and turning it into a main driver of economic growth. Imports are expected to expand sharply in 2013 as construction of government-subsidized housing, railways and water conservancy projects are sped up," Chen Hufei, a researcher with the Bank of Communications, said in a research note sent to the Global Times Thursday.

      "We believe both export and import growth have truly bottomed out from lows in mid-2012, but we remain cautious over export growth on uncertainties and weakness in the US, eurozone and Japan," Lu Ting, a China economist with the Bank of America Merrill Lynch, said.

      A breakdown by region showed that trade volume with Europe, China's biggest trade partner, dropped 3.7 percent year on year in 2012, while trade with the US, which overtook Europe to be the biggest destination of China's exports, rose 8.5 percent year on year.

      Japan was downgraded to be China's fifth largest trade partner in 2012 from the fourth in 2011. Trade between the two shrunk 3.9 percent in 2012 from the previous year amid a row after Japan's "nationalization" of the Diaoyu Islands. 

      Thursday's customs data also showed exports surged 14.1 percent in December from a year earlier, the strongest growth in seven months and more than quadruple November's 2.9 percent pace. Imports increased 6 percent year on year in December after flattening in November, the fastest pace in six months.

      The surprisingly large rebound in the country's exports and imports in December added to evidence that the pick-up in the country's economy is gathering momentum.

      "We continue to expect China's GDP growth in the fourth quarter of 2012 to have rebounded to 7.9 percent year on year," Dariusz Kowalczyk, a senior economist at Hong Kong-based Crédit Agricole CIB, said in a research note sent to the Global Times Thursday, noting a recovery in domestic demand was seen via the increase in imports growth in December.

      Read more: Foreign trade growth slows in 2012

       

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 337p日本欧洲亚洲大胆精品555588| 好爽…又高潮了毛片免费看| 亚洲七七久久精品中文国产| 亚洲中文字幕一二三四区| 日本成年免费网站| 亚洲成在人线电影天堂色| 免费专区丝袜脚调教视频| 亚洲一区二区三区播放在线| 免费H网站在线观看的| 亚洲午夜无码久久久久小说 | 亚洲网站在线免费观看| 24小时免费看片| 亚洲人成网网址在线看| 成人超污免费网站在线看| 毛片亚洲AV无码精品国产午夜| 热久久精品免费视频| 男人和女人高潮免费网站 | 亚洲成AV人在线观看天堂无码| 99久久免费国产精品热| 亚洲爱情岛论坛永久| 免费观看黄色的网站| 亚洲熟妇成人精品一区| 又大又黄又粗又爽的免费视频| 三级片免费观看久久| 好看的亚洲黄色经典| av无码久久久久不卡免费网站| 亚洲欧美自偷自拍另类视| 亚洲Aⅴ无码一区二区二三区软件| 久久99精品免费一区二区| 亚洲综合无码一区二区| 成年女人喷潮毛片免费播放| 无码人妻一区二区三区免费视频| 亚洲女久久久噜噜噜熟女| 国产精品久久免费| 成人一级免费视频| 亚洲精品视频在线播放| 免费午夜爽爽爽WWW视频十八禁| 国产免费一区二区三区不卡| 亚洲免费闲人蜜桃| 亚洲日韩在线第一页| 无码国产精品一区二区免费式影视 |