|
BIZCHINA> Top Biz News
![]() |
|
Foreign trade sector faces 'gloomy times'
By Xin Zhiming and Jiang Wei (China Daily)
Updated: 2009-03-11 07:44 China's foreign trade faces grim times in the coming months, Commerce Minister Chen Deming said yesterday even as the government tries to take steps to boost trade.
"Affected by the global economic crisis, China has seen a decline in both imports and exports since November," Chen said at a press conference during the annual session of the Standing Committee of the National People's Congress. A report released by the country's top planner, the National Development and Reform Commission, last week predicted that the country's foreign trade would grow 8 percent year-on-year this year, compared to 17.8 percent last year. The current downward trend in trade, however, has made it tough for businesses to achieve the growth target, said Chen Menggen, analyst with Hongyuan Securities. "External demand remains weak as some major markets, such as the United States, the European Union and Japan, are not expected to recover until the second half," he said. Chen said the government would support exporters, in particular those of electronic goods and machines that account for 57 percent of the country's exports. The government has raised export rebate rates and will expand the coverage of export credit insurance and encourage financial institutions to offer export credit services to boost exports, he said.
(For more biz stories, please visit Industries)
|
长乐市| 麻城市| 平乐县| 布拖县| 合作市| 武宣县| 湖州市| 庆阳市| 青神县| 财经| 文山县| 许昌县| 蓬溪县| 武鸣县| 密山市| 万荣县| 西宁市| 琼海市| 岱山县| 白河县| 泗洪县| 巫山县| 平遥县| 霍山县| 南靖县| 莱西市| 济南市| 无极县| 平昌县| 钦州市| 邵东县| 公安县| 平安县| 宁城县| 景德镇市| 镇康县| 闽清县| 津市市| 格尔木市| 上虞市| 临颍县|