General Administration of Customs on January 13,2009 pointed out in report that,although the international financial crisis is spreading,China’s foreign trade still presents two “bright spot.”
Firstly,the effect of export encouragement policies begins to present:as on August 1,2008,November 1 and December 1,China successively increased export tax rebate rate of some commodities,policy effects have already been perceived.In December,the product export involved by policy adjustment totally reached 54.45 billion U.S.dollars,which increased 4.8% compared with the same period last year.Among them,clothing,plastic products,bags and lamps all have accelerated growth.
Secondly,the general trade export prices are basically stable.From June to December in 2008,China’s general trade monthly export prices were basically stable at 16% -19% increase,while it still increased 16.3 percent in December.
The statistics show that China’s total foreign trade in 2008 increased 17.8 percent year-on-year.Among them,the export growth was 17.2 percent; imports grew 18.5%.However,in December,total imports and exports fell 11.1 percent,of which exports fell 2.8 percent,while imports dropped 21.3 percent.On the basis of the first negative growth in November,China’s foreign trade continued to decline.
Experts pointed out that as the international financial crisis on the real economy is still deepening,the external demand is still held down,the decline in China’s imports and exports will continue for some time.However,in the second half,the international economy is expected to be bottomed out and return stability,while China foreign trade import and export will begin to turn for the better situation.
Financial crisis have greatest impact on foreign trade enterprises of car navigation
According to the statistical analysis of China’s auto industry into 2008,influenced by the international environment and domestic macro-control,China’s automobile industry has gone through a severe challenge.In the past three quarters the development of the situation in the automobile industry,it basically showed a high-low trend,particularly into the third quarter,July,August and September,in these three consecutive months,vehicle production and sales growth slowed down.
To withstand the financial crisis,China actively stabilize the imports and exports of foreign trade
The global financial crisis triggered by the U.S.loan crisis is still spreading and deepening; the world economy downward trend is more evident.As a country with 60% dependence on foreign trade,China’s economy is facing a great challenge.To stabilize the growth in foreign trade and upgrade the “Made in China” competitiveness becomes the most urgent task to combat the global financial crisis.In the first three quarters of this year,China’s exports are 1074.1 billion U.S.dollars,which increase 22.3 percent and return 4.8 percentage points over the same period last year.Moreover,the Exports to the United States decline 4.6 percentage points over the same period last year.
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