the growth of the outside trade estimated to 18% in 2008
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January 11th, 2009
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Outside the trade would settle to 2 550 billion dollars in 2008, the increase of 18% on the previous year, one has learned Sunday of the source of the General Administration of Customs of China.
The commercial excess will reach 290 a few billions of dollars, according to the same source.
During the first eleven months, the volume of trade reached the outside 2 380 billions of dollars, either an increase of 20.9% in relation to the same period of the previous year. During the first 11 months of 2008, the growth rate was of 2.6 percentage points of lower to the one of the year 2007.
For his part, the commercial excess of the first 11 months of the year 2008 is located to 255.95 billions of dollars on the increase of 6.9% in yearly basis.
According to Official of the customs, because of the worsening of the world financial crisis and the global recession, the trade outside of China has recule of 9% in the month of November 2008 on a yearly basis. It is about this indicator’s first monthly decrease since October 2001.
In November 2008, the Chinese exports lowered 2.2%, against a rise of 19.1% in October. In the same time, the imports lowered 17.9% against a rise of 15.5% in October.
According to the analysis of the general Administation of the Customs of China, if the financial crisis affects the real economy more and demand that the outside moves back strongly, the Chinese exports are going to move back again.
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