The import and export situation in the first quarter of next year will be quite severe

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October 20, 2011 Ministry of Commerce
The spokesperson of the Ministry of Commerce Shen Danyang pointed out that the current operation of my country's foreign trade is generally good, but the internal and external environment is changing, and the uncertainty and instability factors affecting China's foreign trade development are increasing. The import and export situation in the first quarter of next year will be quite severe.

The Ministry of Commerce held a regular press conference in Beijing on October 19. The spokesperson of the Ministry of Commerce Shen Danyang pointed out that the uncertainty and instability factors affecting China's foreign trade development have increased. In the fourth quarter and next year, at least the first quarter of next year, the import and export situation will be quite severe.

Shen Danyang pointed out that the current operation of my country's foreign trade is generally good, but the internal and external environments are changing, and the uncertainty and instability factors affecting the development of China's foreign trade are increasing.

"In the fourth quarter and next year, at least the first quarter of next year, the import and export situation will be quite severe." He said that considering the cost of external demand, exchange rate and other factors, the import and export of the whole year will show a trend of "high before and low after.

Customs data show that in September, China's import and export growth was 17.1 and 20.9, respectively, down 8.0 and 3.2 percentage points from the same period last year.