China Export Face Severe Situation

      China Export Face Severe Situation

     According to customs statistics, and in 2012 July, of our country export $176.94 billion, up 1%; $25.15 billion trade surplus, narrow 16.8%. After the season, July export annulus comparing fell 4.2%, imports fell by 5.8% month-on-month.

      From ubs securities of China’s chief economist WangTao analysis thinks, the global economic downturn indexes, including the recent U.S. ISM index and German IFO index last fall, the bilateral trade has negative growth,China’s export of downside risk to the third quarter rose.

      Barclays capital economists HuangYiPing said, consider to continue to reduce new export orders of the PMI, china export growth is expected to slow further.

       DBS bank in the greater China region, a senior economist LiangZhaoJi expected, the contribution of net exports to GDP is more and more small, so the investment and consumption will take the responsibility for promoting the economic increase of the main responsibility.

       Traffic bank financial research center is expected to report, in the future international economic growth in the short term to improved obviously, the market will still remain low. Together with the domestic export enterprise operating costs rise, difficult to export to fundamental change, overall export growth may only future maintain at 10% or so.

Foreign trade enterprise have pressure

       The data shows, the foreign trade enterprise especially traditional manufacturing industry overall still confined, order reduce, profits and cash flow nervous, these restrain exports.

        Shanghai silk group President XuWeiMin revealed, the situation, china export growth in the first half of a single digits, to July, XuWeiMin judgment, “the main cause is less demand, and the second is the enterprise’s overall costs are still rising.”

       Many foreign trade enterprise has a similar feeling, overseas customer order quantity is little, together with the rising cost of foreign trade, pressure is really big.

This news is choosed by Yiwu International Trade Co.,Ltd.