China export: continued to decline
Posted on Aug-03-2009· by china investor
In the first half of this year, Chinese export is continued to decline, The amount of export of the first year is 521.53 billion U.S. dollars , which dropped 21.8% . This is the eighth months the amount of export keep decline.
Because the demand is still decline, some chinese company begin sale their goods to demostic customer,I saw a toy which can talk with baby, it suprised me, I did not saw this kind toy in chinese market before, many friends have the same view with me, it really a good news for chinese customer, CCTV reported the owner of this company said becuase the price of export is far away higher then demostic market and many demostic compamy have a strong capability to study and research, they do not sale it in demostic market before. About the price, some exporter face the competition, I heared many of then had to offer a lower price to foreign customers, it is really a hard work to find who have an order in the hand and also have money in the hand, Many chinese company select close the facotory in a short time, so the owner can keep money in the hand and keep the chance for the future.
Face the tough competition, chinese government taken some measures to help these company, some of them found it is more easy to get loan, In chinese eyes, we did not take trade protection to solved the problem,the imports still keep 424.6 billion .U.S dollars , and china begin took the initiative in international organizations to face the trade protection measures , not select trade protection too. Last weeks, China has asked the World Trade Organisation to probe a U.S. ban on Chinese poultry imports and has filed complaints about EU anti-dumping measures against Chinese fasteners. I read a review of a england reported said: china begin to participate in the institutions which controled by Western.
The above chart(China Customs) is the imports and exports data from 2007-10 to 2008-10,we can found the amount of the trade had a big reduce since the beginest month of the decline.
Tags:
China trade
August 14th, 2009 at 10:38 pm
Looking at the first 12 months (2007-10 to 2008-9) of the chart it looks as if China exports about 2 Trillion in US dollars worth of goods in a year. Did I read this correctly?
I would expect about 1.2 Trillion in exports per year.