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According to the latest statistics released by the customs, China’s imports and exports increased by about 45% in January. Among them, exports increased by 21%, imports increased by 86%, and the trade surplus decreased by 64% year-on-year, especially the general trade showed a deficit of 2.4 billion US dollars.
“January growth is the recovery growth after a period of continuous decline in the past.†Talking about the current foreign trade situation, Yao Jian said that China’s foreign trade still basically continued the low-lying pattern since July last year, far from reaching the crisis. The scale, while returning to the pre-crisis level, may take two to three years.
Yao Jian further explained that China's foreign trade has seen continuous growth recently, mainly due to the replenishment of foreign importers' demand for inventory. “With no significant improvement in global investment and consumption, the first half of this year or even the whole year, global consumer demand There will be no obvious improvement."
He predicted that in the future, China's foreign trade will continue this situation. Import growth is obviously higher than export growth, and the trade surplus will be further narrowed. The possibility of a trade deficit in individual months is not ruled out.
Regarding the current hot issue of the RMB exchange rate, Yao Jian emphasized that regardless of the stability of the global financial market, the balance of China's trade, or the operating conditions of Chinese companies, maintaining the stability of the RMB exchange rate is an important economic policy objective.
"The RMB exchange rate issue is not the root cause of China's surplus and the US's deficit, nor is it the root cause of the imbalance in the international economy." Yao Jian pointed out that some countries cannot slow down the problems encountered by the domestic economy, including economic growth and unemployment. Etc. blamed on macroeconomic policies of other countries.
Yao Jian revealed that this year the Ministry of Commerce will take a number of measures to support the expansion of imports from the international market. This is the need of domestic economic development and the need to jointly respond to the crisis.
Yao Jian, spokesman of the Ministry of Commerce, said at a regular press conference held recently that in the first half of this year and throughout the year, there will be no obvious rebound in foreign demand, and maintaining the stability of the RMB exchange rate is one of the important economic policy objectives.