Yesterday, the General Administration of Customs released the latest statistics show China's foreign trade, January to July of this year, China's foreign trade import and export value $ 2.02255 trillion, compared with same period last year (below) increased 25.1%.

It is noteworthy that the July monthly, China import and export value of $ 318.77 billion, an increase of 21.5%, of which exports $ 175.13 billion, up 20.4 percent, the monthly export scale has just set a record last month of the record $ 161.97 billion; imports 143.64 billion U.S. dollars, an increase of 22.9% .7 May trade surplus $ 31.48 billion, the highest 30-month high.

Second half of the overall weakness in external demand or

Customs data show that bilateral trade with major trading partners, the first seven months, China-EU bilateral trade value of 318.61 billion U.S. dollars, up 21.1% over the same period, bilateral trade value of $ 245.49 billion, an increase of 18.5% is noteworthy is that the first seven months on bilateral trade value of 191.29 billion U.S. dollars, up 18.3%, of which China exported 80.92 billion U.S. dollars in Japan, up 24.2%; imports from Japan $ 110.37 billion, up 14.3%; Japan's trade deficit of $ 29.45 billion, down by 6.2%.

China International Economic and Exchange Center researcher, said Wang Jun, with the S & P lowered the rating of U.S. debt and the debt crisis in Europe, weakness in external demand will be very obvious, the case is expected in the second half than the first half of the import and export, will come down significantly.

On this basis, a number of foreign trade on the second half of the province are cautious about the situation of foreign trade of Guangdong Foreign Economic and Trade Department official said, according to the department's various research and forecasting, the second half of the foreign trade situation will be more cautious than in the first half He further explained that the Guangdong general trade increased 18.0%, significantly lower than the 23.2% of the province's overall growth. one in June increased by only 11.8%, the chain increased 19.5 percentage points lower.

Second,The province's total exports accounted for more than 6 percent of electromechanical and high-tech exports were lower than the provincial average growth rate data show that in the first half, Guangdong Province, export of electromechanical products increased 23.9%, high-tech exports grew by 23.6%, respectively, an increase of were lower than the overall growth rate of 28.2% in Guangdong.

Moreover, the data also show that import and export part of the Pearl River Delta in Guangdong province was lower than the market growth in the first half of Guangdong import and export growth was mainly driven by the Shenzhen, Dongguan, Guangzhou, Huizhou City has increased by 14.1%, 13.2% and 12.4%, lower than the province, and further lower data show that Guangdong's foreign trade growth in the second half of insufficient capacity.

Material difficult to repeat in 2008 a large landslide

Although the government to determine the trend of foreign trade for the second half is quite cautious, but economists remain optimistic analysts believe that in the case of slowing demand in Europe and America, but not necessary for the short-term external demand in China is extremely pessimistic, because 2008 is not the case: focus on Europe and America were exported, and they appeared more obvious problem, and now focus on China's exports outside Europe and America.

Sealand Securities, said macroeconomic analyst Lu Zou, despite the recent slowdown in the external economy tends to make pessimistic outlook for exports is expected in the second half will continue to drop, but not as sharply as in 2008, the overall trend will remain stable.

Agricultural Bank of China Head Office Strategic Planning Division Fu Bingtao that customs data show that in July the overall export performance was better than expected, especially in export growth is higher than last month, has not been shown to be outside the European debt crisis and other factors significantly impact is expected in the second half can maintain 20% growth rate.

This articlefrom:China Trade Information (http://en.zgxu.com),detailed reference to the above website.