- CNTV English - CCTV News

Homepage > News > Biz >

China H2 foreign trade growth forecast to slow

07-19-2010 14:49 BJT

The State Information Center predicted in a report that the growth of China's imports and exports will slow down in the third and fourth quarter of this year, China Securities Journal said Monday.

The report said that the growth rate of imports will gradually decrease to about 19.3 percent in the second half and hit a low for the year in the fourth quarter due to high base figures of the last quarter of 2009. It forecast a 33.6 percent whole-year growth over last year.

Exports will grow at about 16.3 percent in the second half, due to high base figures, the European debt crisis and adjustment to the country's export tax rebate policy, the report said, adding that the growth rate for this year will be around 24.5 percent year-on-year.

The report said that the country's imports and exports have recovered to their levels before the world financial crisis. With a shrinking trade surplus, China's foreign trade is more balanced. The country is increasing its exports to other emerging markets and reducing its reliance on major trade partners such as the United States, according to the report.

Editor:Xiong Qu |Source: China Daily

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program