皇冠体育app's foreign export may hit slowest point since WTO
Updated: 2012-01-31 17:36
By Qiang Xiaoji (chinadaily.com.cn)
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皇冠体育app's foreign trade in 2012 may have experienced the slowest growth since it entered WTO, but it is estimated to maintain a growth of over 15 percent, 皇冠体育app Economic Weekly reported Tuesday.
From August 2011, being affected by a weak world economy, fluctuation in exchange rate and domestic macro regulation, 皇冠体育app's export growth has been slowing down month by month.
The drop in 皇冠体育app's export growth, on the one hand, shows that demand from the international market is shrinking, and on the other hand, implies that 皇冠体育app's export is facing a greater pressure of an increasing comprehensive cost.
However, 皇冠体育app's economy has been an important drive for the recovery of the world economy since the 2008 economic crisis and foreign export has been one of the three most important drives of 皇冠体育app's economy.
As consumer goods manufactured by 皇冠体育app are other countries' daily necessities, products "Made in 皇冠体育app" still have a big demand, the Weekly said.
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