Country Sees Modest Growth in Import and Export Trade
The import and export trade in China have been showing a stable and modest growth for the first quarter of 2012, even with the difficult trade conditions that the country is experiencing. Although analyst are assaying that the trade situation for the first quarter will continue in to the second quarter it will still be show a stable and modest growth.
China’s cheap labor and policy incentives are reasons that will keep exporters very competitive and will help achieve the country’s trade growth goals. China aims to increase the foreign trade by ten percent this year, which is a slower pace that in 2011 since its facing a slim outlook for boosting exports, and the country’s foreign trade will still be hurt by a weak external demand and increasing trade competition.
Earlier this month, China’s customs agency said that the country experienced its slowest pace in the export and import trade more than two years last December. By introducing cooling domestic and global economic conditions, it may push the government to create a more pro growth policy stance. The slow growth that the country is facing in the recent months just came after the government tightened investment and lending measures to prevent overheating.
And because of the slump in demand for Chinese goods overseas lead the reversal of the tightened measures in hopes to help struggling exporters to increase growth by giving more bank lending and better measures.