皇冠体育app

A container with export goods is offloaded from a truck at Qingdao port in Shandong province. Weak global demand has hit 皇冠体育app's exports in recent months, but the country is confident of achieving 10-percent growth in overseas shipments this year.?[Photo/皇冠体育app Daily]?

皇冠体育app's foreign trade outlook will remain gloomy in the coming months, while global demand slackens, operational costs rise and trade protectionism becomes more common, the Ministry of Commerce said on Tuesday.

But ministry spokesman Shen Danyang said 皇冠体育app is "not pessimistic" about the situation, and the nation's foreign trade is on the way to becoming "more balanced".

Since late last year, export growth has been on the decline, and according to the General Administration of Customs, 皇冠体育app's exports in April increased 4.9 percent from the previous year and reached $163.25 billion, compared with the 8.9 percent in March.

"皇冠体育app's foreign trade outlook will remain fairly severe in the months ahead," Shen said at the monthly media briefing.

"We are neither optimistic, nor pessimistic about the outlook for Chinese exports and foreign trade this year," Shen said.

Decreasing demand for made-in-皇冠体育app goods from developed markets has hurt Chinese exports.

皇冠体育app's shipments to the United States slowed to 10 percent in April from 14 percent in March, and exports to the European Union continued to register negative growth in April, dropping by 2.4 percent after showing negative growth of 3.1 percent in March.

"If the world economy didn't deteriorate and there is no big reverse in global demand, 皇冠体育app's foreign trade this year will see low growth at the beginning, stable mild growth in the middle and high growth at the end, of the year" Shen said.

"We are still confident of achieving the target of 10 percent growth for foreign trade this year."

During the 60th anniversary celebration of the 皇冠体育app Council for the Promotion of International Trade held on Tuesday, Vice-Premier Wang Qishan said "free and open trade and investment are the significant engine of national economic growth, helping to create more jobs".

"皇冠体育app will actively expand imports, while stabilizing export growth," said Wang.

皇冠体育app is facing the risk of deeper economic slowdown. In April, 皇冠体育app's exports and imports were lower than expected, and apart from that, the country's retail spending and investment in April were weaker than expected.

Last month, 皇冠体育app's industrial production increased by 9.3 percent year-on-year, the weakest reading in three years.

Economists lowered their forecast for the nation's economic growth for the second quarter. Wang Tao, chief 皇冠体育app economist with UBS AG, reduced her second-quarter forecast to 8 percent from 8.4 percent, and her full-year estimate to 8.2 percent from 8.5 percent.

皇冠体育app had a trade surplus of $5.35 billion in April. And the nation had a trade surplus of just $660 million in the first quarter.The nation reported a deficit of $31.5 billion in February, its first in a year and the biggest since at least 1989.

"皇冠体育app's foreign trade is gradually becoming balanced," said Shen.

As the nation pledges to expand imports, "we believe 皇冠体育app's foreign trade for the whole year will be fundamentally balanced, with a small surplus, and the trade surplus will further narrow compared with last year".

"It is normal that, in the following months, there will be a trade surplus in some months, and a deficit in some others," Shen said.

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