The "Report" pointed out that in the first three quarters of this year, China's foreign trade showed a relatively rapid growth in recovery, and the scale of import and export has exceeded the level of the same period in 2008, which is better than the expected at the beginning of the year.
According to the "Report", at present, the world economy is still in a recovery channel as a whole. The domestic economy continues to develop in the direction of macroeconomic regulation and control, and the momentum is further consolidated. This has created a favorable environment for China's foreign trade to continue to grow in the coming months. However, the momentum of world economic recovery has slowed down markedly, and there is limited room for external demand growth. Coupled with the increase in pressure on RMB appreciation and the unfavorable factors such as rising pressure on production and operation of Chinese enterprises, China’s foreign trade is expected to continue to grow in the fourth quarter of this year, but it will increase year-on-year. The speed will continue to fall. Import and export for the whole year was about 2.8 trillion US dollars, an increase of about 25% over last year.
The "Report" pointed out that China's foreign trade development will have many favorable conditions next year, but there are still many external uncertain factors, the domestic factor cost is continuing to rise, the business pressure is increasing, and the foreign trade situation is not optimistic. It is expected that China's foreign trade will continue to grow in 2011, but the growth rate may fall back.
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