1. Text: | Print|

      Further fall in trade seen in March

      2014-04-11 11:26 Global Times Web Editor: qindexing
      1

      China saw a continued decline in its exports in March and posted a double-digit fall in imports year-on-year, but a customs official said Thursday the dip was "temporary and short-term."

      The country's exports amounted to $170.11 billion in March, down 6.6 percent from the same period last year, following a contraction of 18.1 percent in February, -according to data released Thursday by the General Administration of Customs (GAC).

      Imports fell 11.3 percent year-on-year to $162.41 billion in March and the trade surplus stood at $7.71 billion, reversing a deficit of $22.98 billion in February.

      The customs data also showed that exports in the first quarter fell 3.4 percent from a year earlier, while imports were up 1.6 percent, resulting in a trade surplus of $16.74 billion, down 59.7 percent year-on-year.

      A Reuters poll had found market expectations of a rise of 4 percent in exports in March, a 2.4 percent rise in imports and a trade surplus of $900 million, according to a Reuters report on Thursday.

      "China's export and import figures are still within a reasonable range, and I believe they will resume growth starting from May and see a trend of mild growth," Zheng Yuesheng, spokesman for the GAC, said at a press conference on Thursday.

      Zheng said the fundamentals of exports and imports still indicate signs of growth.

      "Export growth to major trading partners continues to improve, while low commodity prices in the global market dragged down import figures," Zheng said.

      "Premier Li Keqiang commented on the downward pressure facing the economy this year at the ongoing Boao Forum for Asia conference," Tian Yun, a research fellow with the China Society of Macroeconomics at the National Development and Reform Commission (NDRC), told the Global Times Thursday.

      Recent capital outflows and the weakening of the yuan against the US dollar have put pressure on exports and imports, Tian said.

      The March data revealed the weakness of global demand as well as the lower competitiveness of China's export products, Tian said, noting that exports stand as a -measurement of industrial output efficiency.

      Lian Ping, chief economist at Bank of Communications, told the Global Times Thursday that weakening competitiveness of export goods is behind the lackluster export data.

      "The drop in exports reflects the growing pains involved in China's industrial upgrading process, which has undermined the competitiveness of China's processing trade," Lian said.

      China faces increasing constraints on the use of resources as well as -environmental pressure, rising labor costs and growing competition from neighboring emerging economies, Lian noted.

      China has the capabilities and confidence to keep its economy functioning within the proper range, Premier Li Keqiang said Thursday, noting that the country will not resort to short-term stimulus policies just because of temporary economic fluctuations.

      "There is scope for the government to stay the policy course and not announce new easing measures in April, as it waits to see how the economy responds to the fiscal easing measures announced in recent weeks," Zhang Zhiwei, chief China economist at Nomura Securities, said in a research note e-mailed to the Global Times Thursday.

      The State-led nature of China's economy endows the government with powerful levers for short-term demand management, which supports confidence in the prospects for a smooth adjustment, according to a statement e-mailed to the Global Times by Fitch Ratings on Wednesday.

      Last week, the State Council rolled out mild stimulus measures, including increased investment in railway infrastructure, tax breaks for micro and small-sized companies and support for the renovation of run-down areas.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 国产精品va无码免费麻豆| 成全视频免费高清| 精品国产亚洲一区二区在线观看| 涩涩色中文综合亚洲| 无码国产精品久久一区免费| 亚洲美女大bbbbbbbbb| 最近中文字幕免费完整| 久久精品国产亚洲av高清漫画| 久草免费福利视频| 无码乱人伦一区二区亚洲| 99精品一区二区免费视频| 久久国产亚洲精品无码| 亚洲毛片在线免费观看| 亚洲不卡1卡2卡三卡2021麻豆| www视频免费看| 成人亚洲国产va天堂| 97无码免费人妻超级碰碰碰碰| 亚洲性色精品一区二区在线| 日本免费的一级v一片| 午夜肉伦伦影院久久精品免费看国产一区二区三区 | 国产AV无码专区亚洲精品| 日本黄色动图免费在线观看| 日产亚洲一区二区三区| 性xxxxx免费视频播放| 亚洲国产成人AV在线播放| va亚洲va日韩不卡在线观看| 成人自慰女黄网站免费大全| 97se亚洲综合在线| 免费毛片网站在线观看| 羞羞视频免费网站日本| 久久亚洲国产成人亚| 最近免费中文字幕视频高清在线看| 亚洲.国产.欧美一区二区三区| 亚洲乱码日产精品a级毛片久久| 热99RE久久精品这里都是精品免费 | 日韩免费电影网站| 国产亚洲精品AAAA片APP| 亚洲自偷自偷图片| 一个人在线观看视频免费| 一本岛v免费不卡一二三区| 91精品国产亚洲爽啪在线影院 |