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China's foreign trade prospects

12-08-2011 14:55 BJT

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As we come to the end of the year, China is set to release a series of macroeconomic data, taken as important forecasts for its economy. On Saturday, the Administration of Customs will release China's foreign trade data for November, including total export-import volume, total import volume, total export volume, trade balance and importing prices of staple commodities.

According to analysis, China’s exports to the U.S. and Europe will be constrained due to the prolonged crisis. China’s new export orders index dropped to the lowest level in two years, based on November’s PMI data.

It’s estimated that November’s year on year export growth rate will decline to 10.9 percent, and the growth rate of imports will fall to 19 percent. China’s trade surplus is expected to shrink further.


Editor:Zhang Rui |Source: CNTV.CN

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