China Faces Stern Export Situation in Next Four Months
China is expecting a possible decline in export growth in the
remaining months of the year, Sun Zhenyu, Chinese Vice Minister of
Foreign Trade and Economic Cooperation, said in Beijing on
Wednesday.
"The export situation may be even worse than the first half of this
year," Sun said at a press conference.
The terrorist attack in the United States has first affected its
tourism, stock markets, retail sales and transportation sector and
also depressed domestic demand. China will not avoid the negative
impacts of the US economic slump, especially exports of China-made
electronic products, Sun said.
The country's export volume totaled US$124.57 billion in the first
sixth months of the year, up 8.8 percent over the same period last
year. But the country's exports declined 0.6 percent in June, the
first negative growth since the beginning of this year.
From January to August, China's total foreign trade volume reached
US$330.53 billion, up 9.6 percent from the same period last
year.
The foreign trade administrations are working with the
administrations of customs, taxation, commodity inspection and
banks to create a more favorable situation for export-oriented
enterprises, he said.
( 09/20/2001)