For­eign trade falls

Drop of 0.6 % as ex­ports, im­ports fall short of fore­casts

China Daily (USA) - - FRONT PAGE - By ZHONGNANin Zhuzhou and JING SHUIYU in Beijing Con­tact the writ­ers through zhong­nan@ chinadaily.com.cn

As both ex­ports and im­ports failed to meet early fore­casts, China for­eign trade de­creased to 2.05 tril­lion yuan ($307.2 bil­lion) in Oc­to­ber, down 0.6 per­cent from the same pe­riod last year, Cus­toms­datashowe­donTues­day.

China’s ex­ports de­clined 3.2 per­cent year-on-year to 1.19 tril­lion yuan in Oc­to­ber, the sev­enth straight month of de­cline, and im­ports in­creased by 3.2 per­cent, ac­cord­ing to the Gen­eral Ad­min­is­tra­tion of Cus­toms.

Data showed the for­eign trade sur­plus nar­rowed to 325.25 bil­lion yuan in Oc­to­ber, down 16.8 per­cent from last Oc­to­ber.

The lead­ing in­dex for China’s ex­ports shrank to 35.6 from 35.8 a month ear­lier, the first­month-on-mon­thde­cline since the past three months.

Wang Dong­tang, deputy di­rec­tor-gen­eral of theMin­istry of Com­merce’s Depart­ment of For­eign Trade, said the govern­ment would con­tinue to help pro­cess­ing trade move fur­ther up the value chain by in­tro­duc­ing new su­per­vi­sion and con­trol mod­els in the pro­cess­ing, lo­gis­tics and the ser­vice sec­tor.

“The govern­ment has al­ready started to op­ti­mize the in­dus­trial struc­ture across the coun­try. It has worked with re­lated govern­ment branches in mak­ing ad­just­ments to nearly 2,000 items on the pro­cess­ing trade neg­a­tive list to phase out high-en­ergy-con­sum­ing, highly pol­lut­ing and re­source-hun­gry in­dus­tries,” saidWang.

In the first 10 months of this year, China im­ported more com­modi­ties at cheaper prices.

China’s ex­ports to its top trad­ing part­ners var­ied across the re­gions in Jan­uary to Oc­to­ber. Ex­ports to the Euro­pean Union grew 1 per­cent and to Ja­pan by 0.5 per­cent from the same pe­riod last year, while ex­port to the United States fell 2 per­cent, and ex­port to the As­so­ci­a­tion of South­east Asian Na­tions de­clined 1.8 per­cent.

Ea­ger to re­store their earn­ing strength, Chi­nese man­u­fac­tur­ers are up­grad­ing their prod­ucts to cope with the chal­lenge.

Liu Yang, deputy gen­eral man­ager of CRRC Zhuzhou In­sti­tute Co Ltd, an elec­tric bus man­u­fac­turer in Hu­nan prov­ince, said the com­pany will es­tab­lish be­tween seven and 10 sales and ser­vice branches in South­east Asia, In­dia, Canada and Mid­dle East over the next three years as many coun­tries are keen to adopt elec­tric buses to fur­ther cut car­bon emis­sions and re­duce fuel costs.

“Tra­di­tional in­dus­tries must ex­tend co­op­er­a­tion in ar­eas such as in­fra­struc­ture, en­ergy, en­vi­ron­ment and ser­vices,” said Liu.

CRRC Zhuzhou In­sti­tute has al­ready ex­ported elec­tric buses and re­lated power sys­tems to Brazil, Canada and South­east Asian coun­tries over the past three years.

As a sub­sidiary of China Rail­way Rolling Stock Corp, the coun­try’s largest train man­u­fac­turer, CRRC Zhuzhou In­sti­tute will also in­vest 1.5 bil­lion yuan in Shi­ji­azhuang, the cap­i­tal of He­bei, to build an­other man­u­fac­tur­ing base to fo­cus on do­mes­tic de­mand from the co­or­di­nated devel­op­ment of Beijing, Tian­jin and He­bei prov­ince. These cities are also fac­ing se­vere en­vi­ron­men­tal is­sues.

Tra­di­tional in­dus­tries must ex­tend co­op­er­a­tion in ar­eas such as in­fra­struc­ture, en­ergy, en­vi­ron­ment and ser­vices.” Liu Yang, deputy gen­eral man­ager of CRRC Zhuzhou In­sti­tute Co Ltd

SI WEI / FOR CHINA DAILY

An ex­port-ori­ented toy-mak­ing plant in Lianyun­gang, Jiangsu prov­ince.

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