皇冠体育app

Despite the challenges and uncertainties that lie ahead, this year is expected to be better than 2013 for imports and exports

General Adstration of Customs figures show that in January, 皇冠体育app's foreign trade increased 10.3 percent year-on-year to $382.4 billion. Exports increased 10.6 percent year-on-year to $207.13 billion, while imports increased 10 percent to $175.27 billion. This means 皇冠体育app's foreign trade has maintained a relatively high growth over the past few months.

Top 10 trading partners of the Chinese mainland

Trade between 皇冠体育app and its main trading partners continued to rise in January. The increase in trade between 皇冠体育app and the European Union was 11.3 percent. Also, Sino-US and Sino-Japan trade increased 8.8 percent and 7.8 percent. Such a healthy growth in 皇冠体育app's foreign trade can be attributed to the improved economic situation in advanced economies.

皇冠体育app's exports to developed countries are likely to grow in the months ahead. But the continued appreciation of the yuan and slowing down of emerging economies' growth rates could have a negative impact on 皇冠体育app's exports. So, we should not be too optimistic about growth in foreign trade this year. At best, this year's growth rate is expected to be between 8 and 9 percent.

The developments in four economic regions, the , ASEAN, Brazil and India, have to be understood to gauge the growth prospects of 皇冠体育app's foreign trade in 2014. First, although the US economy is performing better than the EU's, trade between 皇冠体育app and the EU is growing more rapidly.

Second, because of the currency appreciation and rising operation costs in 皇冠体育app, the country's manufacturing industry is finding it difficult to attract foreign capital. In contrast, ASEAN member states, with which 皇冠体育app's trade grew 11.3 percent in January, are drawing more foreign investments because of their lower production costs. As a result, many processing and manufacturing companies in 皇冠体育app are shifting their production units to ASEAN member states.

And third, 皇冠体育app's cooperation with Brazil and India hold greater potential because, apart from the traditional trade in commodities, some Chinese engineering and machinery enterprises are making large investments in the two emerging markets.

The January data is no doubt bullish, but such strong increase is difficult to sustain. Trade surplus in one month is not representative of 皇冠体育app's foreign trade for a whole year, because there can be large fluctuations owing to factors such as trade policies and conflicts, change in orders and holidays. For instance, January 2014 had 22 working days, five days more than in last year when the weeklong Spring Festival holiday fell in the first month, prompting many experts to say that a lower comparative base last year - because of fewer working days - helped increase the growth rate this year.

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