Beijing, Dec 22, 2010 – (ACN Newswire) – In 2011, China’s foreign trade is set to hit a new high, but the exports evironment is getting worse.
Hardware-whole.com reported that the total value of China’s imports and exports are projected to exceed 2.9 trillion U.S. dollars in 2010.
The nation’s foreign trade rebounded sharply this year from the recession level in 2009, when foreign trade contracted to 2.21 trillion U.S. dollars, down 13.9 percent from 2008.
Hardware-whole.com reported that China’s foreign trade jumped 36.3 percent year on year and reached to 2.67728 trillion U.S. dollars in the first 11 months of the year, with exports up 34 percent from one year ago, according to the latest customs figures.
However this year is the most complicated year for Chinese exporters , because China was frequently pressed in issues ranging from the RMB exchange rate, the independent innovation , the new energy policies to intellectual property rights , investment environment ,and rare earth exports.
Hardware-whole.com reported that China has become a major target of trade remedy investigations and we suggested China more frequently resort to WTO dispute settelment mechanisms.
Hardware-whole.com said that the government will increase its efforts to establish systems to better safeguard the country’s industrial security and the legitimate rights of the domestic enterprises, and it will also promote industrial communications, in an effort to iron out trade conflicts between domestic and their overseas counterparts.
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