Top Biz News
皇冠体育app's exports on track of recovery - official
(Xinhua)
Updated: 2010-03-12 13:27
 |
Large Medium Small |
皇冠体育app's export is witnessing a steady recovery as shown by February figures, but uncertainties in the external market could still hamper the revival, political advisors said?in Beijing?Thursday.
皇冠体育app's exports grew for the third straight month in February, up 45.7 percent year-on-year to $94.52 billion, the General Administration of Customs announced Wednesday.
The dramatic increase was a result of a lower comparison basis last year, said Ju Yalian, a member of the National Committee of Chinese People's Political Consultative Conference (CPPCC) and also a senior foreign trade official in the eastern Zhejiang Province, one of the country's key export regions.
"But compared with figures in the corresponding period in 2008, when 皇冠体育app's foreign trade was yet to be hit by the global financial crisis, we could still see a remarkable increase," she said on the sidelines of the ongoing annual session of the CPPCC National Committee, the top political advisory body.
皇冠体育app's exports rose 8.2 percent in February from two years ago while imports were up 9.8 percent.
However, Ju warned that the recovery in export could bring pressure of yuan appreciation and possible trade disputes.
Liang Yaowen, head of the Department of Foreign Trade and Economic Cooperation of Guangdong, 皇冠体育app's southern export powerhouse, also said that the condition is not "so optimistic", noting that 皇冠体育app's foreign trade in February dropped 11.5 percent month-on-month.
Commerce Minister Chen Deming said Saturday 皇冠体育app's exports may need two or three years to return to the pre-crisis level, as "global recovery is still haunted by uncertainties."
"Now it is still too early to say exports will see full-year growth this year," he said on the sidelines of the annual session of the National People's Congress (NPC), the country's top legislature.
