- CNTV English - CCTV News

China to adjust export structure

06-11-2010 09:06 BJT

Watch Video

Play Video

Although China's export market is growing, experts say there is still a big challenge ahead to adjust the structure of export goods. Economic uncertainties are also threatening the recovery of exports.

Exports slowed last year, but the growth rate this year looks relatively encouraging.

But experts say the increase is merely a recovery. And that growth is likely to cool in the near future.

Huang Guohua, Statistics Department of General Administration of Customs said "The Chinese exports have not yet been affected by the depreciation of the euro, a fragile recovery of the global economy and doubts about the impact of Europe's debt crisis."

Huang also points out that domestic enterprises will have to withstand the additional pressures of increasing international commodity prices and raw material costs. That could further restrain exports.

Huang Guohua said "For example, the price of iron ore is expected to rise by 30 percent in the later half of this year. That will cause costs for steel manufacturing, ship building and home appliances to rise."

Businesses are now receiving more short-term orders.

And to that, Huang says enterprises should innovate and upgrade their products, cutting the number of low-margin exports.

They're also advised to raise additional value and strengthen competitive advantages.

Editor:Du Xiaodan |Source:

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