China'S Trade Surplus Will Continue To Decrease During The Year.

Yao Jian, spokesman of the Ministry of Commerce, said at a news conference recently that the whole year looks at China as a whole.

According to the October import and export statistics released by the General Administration of Customs in November 10th, China's trade surplus was 27 billion 150 million US dollars in October this year, an increase of 60.84% over the previous month, while the surplus of September 16 billion 880 million US dollars decreased by 15.7% compared with the previous month, the lowest point in nearly 5 months.

In this regard, Yao Jian believes that China's export growth in October has dropped somewhat, and the weakening of external demand is the main reason for the continued decline in exports.

Imports were lower than expected, especially the import of processing trade increased by only 18.6%, which is 6.7 percentage points lower than that of the total imports.

Whether foreign investment will drive prices up, Yao Jian said, the factors of price increase caused by import exist.

Because China's dependence on exports accounts for about 30%, and the degree of dependence on exports and dependence on imports increase by about 60%, the international market has a very close relationship.

Earlier, commerce minister Chen Deming also said that China has been insisting on expanding imports since the financial crisis to more than two years ago.

This year's trade surplus will be lower than last year's US $about 190000000000 level.

Relevant experts also believe that in the context of the appreciation of the renminbi, the relative price of Chinese goods has increased and competitiveness has declined.

On the import side, because of the rising national income and the accumulation of social wealth, China has been upgrading its consumption and the potential for domestic consumption is enormous.

Moreover, from the perspective of a new round of stimulus policies in Europe, the US and Japan, expanding exports is an important means. Therefore, relaxing the export control to China and selling more high-tech products to China are the general trend. The gradual decline of trade surplus will also be an inevitable phenomenon.

Data show that China's export growth has slowed down for the 5 consecutive month, and Yao Jian also mentioned that exports are gradually dropping back to the normal range.

Attracting foreign investment in the property market

Yao Jian said that the absorption of foreign capital in the real estate sector which has been rising steadily has been closely watched by the Ministry of Commerce.

It is understood that in the month of 1~9 this year, 498 new foreign-funded real estate enterprises were newly approved in China, and the actual use of foreign capital was 16 billion 600 million US dollars, up 56% from the same period last year, which is higher than the overall level of absorbing foreign capital.

Among them, there are 366 foreign-funded enterprises engaged in development and operation, and the actual use of foreign capital is US $15 billion 800 million.

Compared with the same period in 2009, it increased by 5.7 percentage points.

Another data from the National Bureau of statistics shows that the total source of funds for the national real estate development enterprises is 5 trillion and 50 billion yuan, of which 45 billion 200 million yuan is utilized foreign capital, an increase of 26% over the same period last year, accounting for less than 1% of the total real estate funds.

Foreign investment is mainly concentrated in ordinary housing, and the use of tourism real estate is developing faster.

Rare earth export policy unchanged next year

For the recent issue of rare earth exports at home and abroad, Yao Jian said at a news conference that China's quota for rare earth exports next year is still under discussion, and export policy remains unchanged.

Yao Jian pointed out that the implementation of export quotas is the most effective method of total control. China's export quota, export tariffs and export enterprise qualification management measures are in line with China's WTO commitments.

He also said that China, which accounts for only 30% of the world's reserves, provides the world's 80%~90% production and trade volume. This situation is not sustainable. China hopes that other countries with rare earth resources will also actively develop and utilize their rare earth resources. On the other hand, China is willing to strengthen cooperation with other countries.

Yao Jian said that the total amount of rare earths exported to China in 1~9 months was 32 thousand and 200 tons, and the average unit price was 14 thousand and 800 US dollars per ton.

According to the 2010 rare-earth quota of 30 thousand and 300 tons, China's rare earth exports exceeded the quota of 6.3% in the first 9 months.

Take measures to stabilize prices

Yao Jian said at the meeting that apart from diesel and other agricultural products, the market supply of all major domestic commodities is adequate. The Ministry of Commerce will actively cooperate with relevant departments and take a number of measures to control the excessive price rise.

Yao Jian emphasized that ensuring the supply of agricultural and sideline products and vegetable markets is the first duty of the Ministry of Commerce.

Next, the Ministry of Commerce will focus on ensuring market supply from four aspects to stabilize prices.

First, carry out the production and marketing linkage of the vegetable market this winter and next spring.

The two is to implement the relevant notification of the State Council, and the Ministry of commerce carries out the work plan within the system.

It mainly includes: further improving the reserve system, effectively strengthening the multi-level reserve system, giving full play to the role of large wholesale markets, meeting the needs of imports in time, and monitoring the price of 100 large wholesale markets.

The three is to put in reserve in time.

The four is to further improve the long-term mechanism of circulation system construction.

Zhou Wangjun, deputy director of the national development and Reform Commission's price department, said that the government can respond to a series of measures such as reserve adjustment, import and export, subsidies and so on.