ecns [expanded by feedex.net]
ecns
China's foreign trade remains under pressure: official
http://www.ecns.cn/business/2016/10-05/229028.shtml
Oct 5th 2016, 22:15
China's foreign trade remains under heavy downward pressure due to increasing uncertainties, despite improved export and import data in August, an official has said.
The difficulties are not short-term problems, with uncertain and unstable factors increasing, Shen Danyang, spokesman for the Ministry of Commerce, said.
Foreign trade improved markedly in August, customs data showed in September, with exports and imports rising 5.9 percent and 10.8 percent respectively, the first time since November 2014 that the figures have both risen on a monthly basis.
However, in the first eight months, foreign trade was down 1.8 percent from a year earlier, with exports dropping 1 percent and imports falling 2.9 percent, official customs data showed.
Citing the figures, Shen said it is no time for complacency and the situations is still complicated and daunting.
Increasing trade frictions concerning Chinese exports are partly to blame. From January to August, 20 countries or regions launched 85 trade remedy probes against Chinese products, up 49 percent and worth 10.3 billion U.S. dollars, almost doubled the amount for the same period last year, Shen said.
In those eight months, the United States launched 15 trade probes under the Section 337 of the 1930 Tariff Act against Chinese products, he said.
Section 337 investigations focus on allegations of patent or registered trademark infringement, and also involve misappropriation of aspects such as trade secrets, false advertising and violation of antitrust laws.
¡¡¡¡
China promises policies to boost foreign tradeForeign trade situation remains grimChina's foreign service trade deficit widensChina's foreign service trade tops 3 trln yuanChina's foreign trade remains under pressure: MOC2016-09-20
Ethiopia-Djibouti railway sets new model for China-Africa cooperationChina sees record-high direct investment in U.S. in 2015Two Chinese investors show interest in developing SEZ in NepalRain doesn't dampen travelers' holiday spirit in BeijingShenzhen moves to stabilize property market
Three scientists share 2016 Nobel Prize in chemistry Legacy of Long March lives on in China IMF forecasts world economy to grow at 3.1% in 2016 Travel agency shut down over rip-off claims White House calls Trump not role model
You are receiving this email because you subscribed to this feed at https://blogtrottr.com
If you no longer wish to receive these emails, you can unsubscribe here:
https://blogtrottr.com/unsubscribe/qhG/Zc7fXt
No comments:
Post a Comment