5677.4 billion dollars, which are the top exports in May, returned to the international financial crisis, the level before the year 2008(545.06 billion U.S. dollars).

Despite, May exports than-expected year also led to concerns about whether the high callback.

yesterdayChina Association of International Trade held in summer 2010, China's foreign trade to analyze the situation.State Council's Development Research Center of Foreign Economic Research Department Zhao Jinping, deputy judge, in June or July, China exported by Europe of sovereign debt crisis will be seen.

business research

some EuropeanProduct purchasing power decline

months of this year's trade surplus is not large scale, in March there was even a worrying deficit.With the significant increase in exports of 48.5% in May, China's trade situation may now final major trend.

but tradefluctuations in the data is still worrying.How to see the situation, the risk of a near-year forecast of the most critical issue.

to attend the aboveAn analysis will be the Ministry of Commerce officials believe the first half of the top three features of trade recovery in exports, imports rapidly expanding surplus, which the bulk of imports of goods faster, go up there a situation of price and volume, exports of electromechanical products in the performance of eye-catching.

in the traditionalstabilize the market, while China's trade performance in emerging markets is also a good highlight.Customs data show that the first 5 months, China-ASEAN bilateral trade totaled 111.8 billion U.S. dollars, up 57.5%; the same period in bilateral trade with Japan was 111.56 billion U.S. dollars worth, up 38.8%.Association of Southeast Asian Nations by a narrow margin over Japan to become China's third largest trading partner.

However,slower growth in external demand, rising costs of policy adjustment is also worth noting that the three major characteristics of the first half.Among them, the European debt crisis can not be ignored.

CommerceSome enterprises in Zhejiang research shows that companies clearly feel light industrial products in Europe decreased purchasing power.

CommerceInternational Trade and Economic Cooperation Huo Jianguo, dean of the view that European debt crisis triggered by the" second bottom" is unlikely, but would affect the countries of consumption.

Zhao JinpingThe basic conclusion is in accordance with the 3-6 month lag, that is, in June or July, China exported by the European sovereign debt crisis will be seen.

ThisSome agencies like the recent judgments.

half outlook

Crisis Managementtransition to the normal management

For the second half of the trade situation, Huo Jianguo said at the meeting, although May than-expected trade performance, the pressure is still quite big year, but annual growth in trade more than 2008 years can still be done, is expected to maintain around 20%growth rate.The second half of exports are mainly the external environment change and trade protection.

Development and ReformZhang Yansheng, director of the Institute of Foreign Economic Commission that the import and export situation is not optimistic, but the debt crisis in Europe will not be greater than the U.S. financial crisis, the focus of this policy should be the transition from crisis management to the normal management, the key is how to achieveturning point.

" Ithis year's foreign trade and the country macroeconomic policy, the basic idea is very important to stabilize expectations, both in the international situation, but also the situation in China, as well as Chinese policies." Zhang Yansheng said.

on exchangechange, experts believe that exporters need to adapt.

" IChina's economy will not feel constrained because of the exchange rate issue, which in turn depends on its vitality, including the dominant trade policy." Huo Jianguo said," I do not think that this is a sad business Hom, but enterprises shouldgrasp the currency's long-term risk management."

CASS Institute of Finance and Trade Economics Absorbing that further push forward reform of the RMB exchange rate formation mechanism is the right decision, but decided to exchange currencies and other factors on labor productivityTo more fully certain.

This articlereleased:China Trade Information (http://en.zgxu.com),In this paper.