China's Foreign Trade Towards The Direction Of The Basic Balance

Online, April 11, 2011 (Newswire.com) - China Customs data released on the 10th, the first quarter of this year, import and export value 800.3 billion U.S. dollars, the cumulative deficit of $ 1,020,000,000 there, this is the first time in 6 years quarterly trade deficit.

It is reported that, china bulk wholesale electronics company (http://www.vornline.com/) vornline analyst said, in the first quarter foreign trade data issued more positive signal. China's foreign trade in the direction towards a more balanced development, also stressed that optimization of steady export growth and import and export structure remains the focus of China's foreign trade development.

But we also should noted that, China wholesale ecommerce platform vornline james said, foreign trade data for a given quarter compared with a positive signal. Both imports and exports, stable exports, efforts to expand the import policy is implemented. To achieve a basic balance between imports and exports.

James has said it expects the trade surplus this year the proportion of gross domestic product by 3.1% in the last year on the basis of further decline, China's foreign trade will be towards a more balanced direction.

"Although the Middle East, North Africa and Japan, earthquake instability in China's foreign trade will have on short-term impact, but the recovery of consumption in Western countries is driving China's foreign trade situation." James said, he expects the second quarter of China's foreign trade will maintain the current growth speed.

According to Tsinghua University, China and World Economy Research Center, 2011 China's export growth of 11.9% and imports rose 27%. Marked slowdown in exports, imports still maintained rapid growth, the trade surplus will decline rapidly.