皇冠体育app

BEIJING - Despite sluggish foreign trade, there is no need for 皇冠体育app to resort to special measures to improve competitiveness of its exports, central bank governor said Saturday.

"皇冠体育app's products are still competitive in the global market," said Zhou Xiaochuan, governor of the People's Bank of 皇冠体育app, at a press conference on the sidelines of the ongoing annual parliamentary session.

The depreciation of the Chinese currency renminbi, or the yuan, stoked concerns that 皇冠体育app may count on the falling currency to prop up its foreign trade.

However, Zhou dismissed the concerns and said the market should pay more attention to 皇冠体育app's net exports, citing nearly $600 billion of goods trade surplus in 2015.

"The share of 皇冠体育app's exports edged up in the global trade," Zhou said.

Weighed on by weak global demand, exports slumped more than 20 percent in February, the sharpest drop since May 2009, while imports dropped 8 percent.

Zhou attributed the lackluster data to plunging global commodity prices, especially crude oil, and said 皇冠体育app actually imported more goods last year. "The imports of crude, copper, grain and soybean rose and only those of coal and aluminum saw drops."

• No need to stimulate exports by devaluating RMB: central bank governor
• Dim sum bonds future good: central bank
• No worry about asset backed securitization in 皇冠体育app: central bank
• RMB value back to reasonable level: Central bank governor
• 皇冠体育app can meet growth targets without stimulus: PBOC governor
• Press conference about financial reform and development held in Beijing
• BMW Group reports record February sales
• 皇冠体育app welcomes EU approval of 皇冠体育app-France deal to build nuclear plant in UK