29 Mar
Posted by Brian Anderson as Finance Help
November 25, China International Chamber of Commerce The Secretary-General Xue-Hai Zhou said China’s exports will decline this year, controlled 15% to 20%, this figure is better than early expectations. This shows that the beginning of China’s exports compared with the situation improved. In respect of various economic indicators stabilized in the domestic recovery, exports decline narrowed when the export situation of China’s hardware industry is in a precarious situation, and the enterprises to be pursued further.
First, in October compared with September exports drop in narrowing.
November 23, General Administration of Customs released the data, the data show the first 10 months of this year, China’s exports 957.36 billion U.S. dollars, down 20.5%; imports 798.13 billion U.S. dollars, down 19%.
Among them, the month in October, China’s exports 110.76 billion U.S. dollars, after deducting price factors, the export volume fell 5.6%, higher than narrowed in September fell 1.1 percentage points; imported 86.78 billion U.S. dollars, after deducting price factors, the volume of imports increased 6.8%, in September compared with declines of 7.1 percentage points.
At the same time, Customs statistics also show that 1-October, Sino-US bilateral trade value of 239.36 billion U.S. dollars, down 14.9% year on year decline in import and export of China-US bilateral trade is less than the same period year on year decline in the European Union and Japan, 3.8 and 4.4 percentage points over the same period accounted for 13.6% of the total value of China’s imports and exports. This shows that although China’s exports declined, but the other countries declined even more, China’s export share is actually increasing.
2, B2B trade show international buyers favor of China’s export products
B2B media company, according to Chief Operating Officer of Global Sources Pei g revealed that in October 2009 for nearly 300 purchasers conducted an investigation. Survey showed that although the economic situation is not yet clear, but the purchasers active, up to 74% of buyers said it would increase purchases in 2010, of which 79% of buyers are forecast in 2010 will increase their purchases in China. This shows that China’s export market is still favored by the buyers, optimism began to appear.
Meanwhile, the survey also revealed that inquiries from buyers in emerging markets is increasing. In the eyes of these buyers, Chinese suppliers still have the absolute advantage in the three major affordable. This shows that the Chinese manufacturers to develop multi-market, efforts also began to be rewarded.
Third, China’s hardware export situation “heating” alternate
Chinese exports of metal products “warming trend” is mainly manifested in Jiande, Zhejiang, Hardware & Tools foreign exports. It is understood that from January to October, Jiande City, Zhejiang’s foreign trade value of export supply growth to achieve a positive into a negative, an increase of 1.01%, ending 10 consecutive months of negative growth. In particular, 9, October, hardware tools to 49.28% and 96.77% year on year increase of strong recovery.
From the data perspective, Jiande City, chemical pharmaceutical, textile, hardware tools, low-voltage electrical four massive exports of the economy’s total exports accounted for 90% of the city. One hardware tool 9, in October was returned 49.28%, 96.77% of the year on year increase of strong recovery.
The other, China’s exports of metal products “cold influence” mainly in Jiangsu province’s total export of electromechanical products. According to the Ministry of Commerce Website November 23 News ,1-10 months, Jiangsu Province, to focus on the mechanical and electrical products a growth of 7 drop, and fall were higher than average level of Jiangsu Province. The only ship products in export growth: exports 4.7 billion U.S. dollars, up 39.5%, higher than the export of electromechanical products, Jiangsu Province, 59 percentage points.
The other seven are deeper than the decline in exports of the average level of Jiangsu Province, the products are: motor vehicles and accessories, portable power tools, wire and cable, hardware tools, motorcycles, metal processing machines, containers and so on. Decline in exports of these products are deeper than the average level of Jiangsu Province, and thus shows that the first 10 months, Jiangsu Province, export of electromechanical products the overall situation is not optimistic.
To sum up the above, the hardware exports from the country there are cold with warm circumstances, it shows that China’s hardware industry’s exports in the overall situation was not stable stage. So, hardware foreign trade enterprises as the situation and timely response measures, for example, actively participate in international exhibitions, improve product quality, increase product innovation, according to the international economic situation, and vigorously to create a low-carbon products, understand the hardware exports of the EU directive, from the This opened the banner to expand foreign markets, and enhancing our hardware products in the international market share.
RSS feed for comments on this post · TrackBack URI
Leave a reply