CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

China's foreign trade to grow 20-25 pct this year: report

01-18-2011 08:55 BJT Special Report:China’Economic Data for Dec. |

BEIJING, Jan. 17 (Xinhua) -- China's foreign trade is projected to grow between 20 and 25 percent this year, according to a report released by the China Institute for WTO Studies on Monday.

The report predicts that imports will outpace exports, which will further benefit the balance of trade.

With the global economic recovery losing momentum and uncertainties remaining, China's foreign trade will post a lower growth rate than last year, the report says.

China's imports and exports totaled 2.97 trillion U.S. dollars in 2010, up 34.7 percent year on year, according to the General Administration of Customs.

China's exports will post less than 30 percent growth year on year as Chinese export-oriented enterprises are pressed by weak external demand, increasing trade frictions, appreciation of the Renminbi, the Chinese currency, and rising labor costs, said Zhang Hanlin, head of the institute based in the University of International Business and Economics.

"Trade remedy investigations against China are decreasing, but trade friction has become even more diversified and complicated, involving not only the manufacturing industry but also strategic resources," Zhang said.

The report says that in 2011 the U.S. and the European Union may launch more anti-subsidy trade investigations of China's strategic new industries, such as wind power.

Editor:Xiong Qu |Source: Xinhua

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