Growth of foreign trade expected to remain strong

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2021-07-05

AerialphotoshowsacargoshippullingoutattheQianwanContainerTerminalinQingdao,EastChinasShandongprovince.[Photo/Xinhua]Chinasforeigntradewillcontinueitsupwardtrendthisyear,thoughitisvitalforthegovernmentandexporterstocurbthepressurebroughtbyhighcommoditypricesandshippingcontainercosts,tChina($)inthefirstfivemonthsofthisyear,reflectingthatChinasexportsandimportsarepickingupgrowthmomentumthatis,executivevice-presidentoftheBeijing-basedChinaMachineryIndustryFederation,predictedthatsecond-quarterresultswillshowthatChinasexportgrowthremainedstronginthatperiod,astheCOVID-19pandem,aseniorresearchfellowattheInstituteofWorldDevelopmentattheDevelopmentResearchCenteroftheStateCouncil,said,"Ifbothforeignanddomesticmanufacturersinthesecountriesareseverelydisruptedbythepandemicandstopworking,itwillgenerateanimpactontheglobalsupplychain,andmanyordersmaycontinuetoreturntoChina."StimulusmeasuresindevelopedeconomiesalsobroughtsustaineddemandforproductsmanufacturedinChina,saidLuTing,,China,,,,easedamidtheconstructionandinvestmentrevival,eventhoughthesurgingpriceofrawmaterialsandalowbaseeffectalsocount,saidMeiXinyu,aresearcherattheBeijin,Chinesecompaniesfacechallengesintheforeigntradesector,includingrisingpricesformaterials,exchangeratefluctuationsanddifficultmarinelogistics,saidChenZhongda,deputyheadofYinzhouCustoms,abranchofNingboCustomsinEastChina,Chinesemanufacturershavestartedtobuildtheirstocks,drivingtherapidgrowthofimportsofproductsincludingenergyresources,saidGaoRuidong,,,,aresearcherattheChineseAcademyofInternationalTradeandEconomicCooperation,said:"WefoundthatthestructureofChina,shigh-techcompaniesfromtheprivatesector,State-ownedenterprisesandforeign-fundedcompanieshaveallperformedwelltodatethisyear."Withmanycountriessettinggoalstofurthercutcarbonemissions,ChineseelectricvehiclemanufacturerNioIncannouncedlastmonththatitwillstartexportingvehi,NiosCEO,,ket,headded.(Webeditor:GuoWenrui,LiangJun)。