Ministry of Commerce: It is unlikely that foreign trade will rebound sharply this year.
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The report reviews China's foreign trade operations in the first quarter of 2012 and 2013. In 2012, China's foreign trade development faced multiple difficulties and pressures such as sluggish external demand, rising costs and increased friction. The growth rate of imports and exports fell to single digits. In response to the unfavorable changes in the situation, the Chinese government timely issued policies and measures to stabilize foreign trade growth. The growth rate of foreign trade has stabilized and rebounded. The share of imports and exports in the international market has further increased. The pace of transfer and restructuring has accelerated, and the quality of development has steadily increased. In the first quarter of 2013, the demand in the international market has picked up, and the effectiveness of the “stable foreign trade†measures continues to emerge, and China’s foreign trade has maintained a rebound.
The report pointed out that China will maintain the continuity and stability of its foreign trade policy and continue to implement various policies and measures to stabilize foreign trade growth. On this basis, we will focus on the long-term, accelerate the transformation of foreign trade development mode and structural adjustment, encourage enterprises to increase investment in technological innovation, improve product quality, establish an international marketing network, actively explore emerging markets, and promote transformation and upgrading of processing trade and gradient transfer. At the same time, further expansion of imports will promote balanced development of foreign trade.