The dependence of China on the outside trade passes 60%
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August 24th, 2008
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The dependence of China on the outside trade passed 60%, making the country more sensitive to the changes of the prices on the markets international and lively an inflation due to the outside factors, declared Tuesday the Office of state of Statistics.
The inflationary pressure of the country explains itself mainly by the increase in prices of the crude oil, the cereals and the ore of iron in the world, according to the same source.
The fast increase of the price of the crude oil affected the Chinese economy extensively, because close to 50% of the demand of the country in crude oil leans on the imports.
Besides, more than 50% of the yearly demand in ore of iron are satisfied by the imports. The increase of the price of the iron ore pulled the derivative, contributory prices of steel and its products upwards thus to the inflationary pressure.
The increase of the IPC (indication of the prices to the consumption) some China reached in February a record of 8.7% on 12 years, and rose on average to 7.9% to the first semester of this year.
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