Business     

China's foreign export may hit slowest point since WTO

Chinadaily.com.cn, February 1, 2012

• China's foreign trade in 2012 may have experienced the slowest growth since it entered WTO, but it is estimated to maintain a growth of over 15 percent, China Economic Weekly reported Tuesday.

  From August 2011, being affected by a weak world economy, fluctuation in exchange rate and domestic macro regulation, China's export growth has been slowing down month by month.

  The drop in China's export growth, on the one hand, shows that demand from the international market is shrinking, and on the other hand, implies that China's export is facing a greater pressure of an increasing comprehensive cost.

  However, China's economy has been an important drive for the recovery of the world economy since the 2008 economic crisis and foreign export has been one of the three most important drives of China's economy.

  As consumer goods manufactured by China are other countries' daily necessities, products "Made in China" still have a big demand, the Weekly said.

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