mainly due to soaring food and fuel prices.

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From Caijing Online



As for the processing industry trade, which includes imported materials and components as well as exports of finished products, both sides of the business slowed after China introduced policies to control this low value-added business.
Trade between China and India, which is currently China’s 10th largest trade partner,mercurial vapor pas cher, registered a steep increase of 41.6 percent during the first 11 months of 2008. It was the fastest growth for any of China’s top 10 trade partnerships.

China’s General Administration of Customs is projecting a mere 5 percent increase in the total value of all exports and imports, following a growth rate that decelerated to 18 percent in 2008.
Imports of primary products rose 57.8 percent in the 11 months,polo ralph lauren pas cher, the report said, mainly due to soaring food and fuel prices.


The customs authority said withering overseas demand had imposed a “strong constraint” on China’s exports and dampened demand in the processed goods export sector which, in turn, suppressed imports. Moreover, free-falling commodity prices and cooling domestic growth were expected to contribute to a reining in of imports.

Machine and electronics exports maintained a leading share of trade for China in the first 11 months of 2008, equal to 57.8 percent of total export value. But traditional exports of goods such as apparel and furniture slowed.

The customs report attributed a 3.9 percent slowdown in Sino-U.S. trade to sluggish U.S. consumption, appreciation of the yuan, the limited effect of recent adjustments in China’s trade policies designed to help exporters,chaussure louboutin, and transfers of factories to other Asian countries from China.

Declining exports and imports in 2008 may have been a prelude for single-digit trade growth in China for the coming year.



The European Union,chaussures de football, United States and Japan remained the three largest trade partners for China. Bilateral trade with each grew 22 percent, 11.6 percent and 15.2 percent, respectively.





It appears 2009 will not be a good year for global trade, even in China.



That would make 2009 the first year that China’s trade value grows at a single-digit pace since 2002. The annual rate averaged 27.5 percent between 2002 and ’06.

Looking back at trade between January and November 2008, the authority said general trade had gained some weight over trade in processed goods. General trade’s share rose to 48.2 percent during this period, up 3.7 percentage points up from the same period a year earlier, while the share of processing trade fell 4.2 points to 41.3 percent.





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According to the authority, labor costs in India, Pakistan, Vietnam and other nearby countries are only 38 percent of those in China. Labor costs not only give these factories an edge over the competition, but also attract Chinese plant managers to move out of China. To date, the report said,louboutin, more than 400 Chinese textile companies have relocated to Cambodia,louboutin pas cher, and nearly 100 to Bangladesh.
In looking at the ownership of trade-related companies, the report said growth in trade by foreign-invested firms, while accounting for a major share of the total value, ################## to 15.4 percent over the first 11 months of 2008, year-on-year, compared to 21.4 percent the year before. In contrast, state-owned enterprise trade grew 27.6 percent in the same period 2008,mercurial vapor, up 8.8 percent from the previous year.


By staff reporter Zhang Hong
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