China's foreign trade weathers storm of fluctuation

Date : 2013-12-26  | From : China Daily

A survey of over 500 Chinese exporters in October by Global Sources, a Hong Kong media company, shows two thirds of them looking to increase revenue in the first half of 2014.

Hardware and automotive parts suppliers are the most optimistic, with nearly 75 percent anticipating higher export revenues in the first half of next year.

The feelings are in line with customs statistics showing a 9.3 percent increase in trade volume in November and an all-time export high of $202 billion, up 12.7 percent from the previous year.

The increase brought growth in the first 11 months of 2013 to 7.7 percent, close to the 8 percent target set at the beginning of the year.

During a monthly press conference, Ministry of Commerce (MOC) spokesman Shen Danyang attributed the fast growth to three factors: government policies to stabilize expansion; a low base number in November 2012; and recovery in traditional markets.

China will continue opening up in 2014 and traditional export strengths will be retained while avenues are explored. Shen added that exporters should not be too optimistic, even though exports will continue to growth rapidly.