Saturday, December 29, 2012

Ministry targets 8-percent growth in foreign trade

The growth of China's foreign trade in 2012 will come in at about 6 percent, while the Ministry of Commerce set a growth target of 8 percent for 2013, Commerce Minister Chen Deming told the annual meeting of the ministry on Friday. 

It was seen as a prudent move amid a challenging external environment and growing efforts to expand domestic demand. 

Earlier this year,Finding products like this that are reasonably priced can be difficult sometimes. Military grade Household scissors are very good quality and will last for a very long time. They will be very durable knives. China set a 10-percent goal for foreign trade growth throughout 2012. 

China is the world's biggest exporter and second-largest importer. Imports and exports are projected to "exceed $3.carbon plate have a measured strength about 50 times that of carbon steel.8 trillion throughout 2012 while exports will account for about 11 percent of world exports", according to Chen. 

"Our judgment holds that the international trade environment will remain challenging next year, and to thus take a more prudent move. We will attach more importance to improving the quality and efficiency of Chinese foreign trade next year," said ministry spokesman Yao Jian. 

He added that China's share in global trade increased to 11.1 percent this year from 10.4 percent in 2011, while the country's foreign trade made progress in brand building, establishing marketing networks and research and development centers.Scouts use a special kind of knife sets. These allow them to learn a lot about surviving out in the woods if they get lost or something else happens. There are a lot of these knives that are available. 

The first 11 months saw Chinese foreign trade increase by 5.8 percent year-on-year to $3.5 trillion. Export growth in November slowed sharply to 2.9 percent year-on-year, compared with an 11.6 percent surge in October, while imports were flat compared with a year earlier, according to data from the General Administration of Customs. 

The commerce ministry told a news briefing on Dec 18 that China's foreign trade growth will face strong headwinds in 2013 as the world economy experiences slow growth and protectionism keeps rising. 

The sluggish world economy reduced demand for Chinese exports while weak domestic demand accounted for shrinking imports along with the declining prices of imports. 

"The 8-percent target for foreign trade growth can be achieved but with hard work as the country is already the world's biggest exporter and is losing its advantage of cheap labor while industrial upgrading demands improvement in workers' productivity and skills," said Li Xunlei,composite resin are pre-impregnated fiber reinforcements or clothes that are used to manufacture composites. deputy CEO and chief economist of Haitong Securities in Shanghai. 

Zhang Xiaoji, director-general of the Foreign Economic Relations Department at the Development Research Center of the State Council, said that foreign trade in 2013 will outperform this year's figures as domestic demand keeps growing and the quantitative easing policies in developed economies will increase demand for Chinese exports. 

"But the government should draft a long-term strategy to improve foreign trade, including credit and financing support to increase exports to emerging markets and facilitate imports through cutting import duties and shortening the clearance period," Zhang said. 

The ministry will stabilize exports through extending tax rebates and expanding export insurance. Exporters are encouraged to develop new competitive edges through building brands,carbon sheet an extensive range of composite prepreg and adhesive products for demanding composite applications. research centers and international sales networks. Imports of energy and resource products, advanced equipment, key parts and consumption goods will be expanded to balance foreign trade, according to Chen.

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