China’s Foreign Trade Needs Adjustments.docVIP

China’s Foreign Trade Needs Adjustments 　　 China’s foreign trade keeps an internal growth momentum, and it is expected to lead the world trade into a new round of development if effective development strategies and promotion policies are implemented. 　　The import and export data of September 2012 issued by General Administration of Customs show three changes when compared with last month: the first is that the increase degree of import and export is larger than last month, with the growth rate reaching 6.3%, up by 6.1 percentage points; the second is that the export volume hit a historical high, with export increasing by 9.9%, up by 7.2 percentage points from last month; the third is that the import is on the rebound, increasing by 2.4% in September. While last month the import decreased by 2.6%. 　　There are two major factors contributing to the notable improvement of foreign trade: the first is the time point. Normally the September is when the number of trade orders is the largest, and the market is prepared for the Christmas, which increased the import and export volume; the second factor is the policy expectation. The quantitative easing financial policy of the U.S. will push up the raw material price and consumption demands in the short run, which also invigorates the foreign trade. 　　 China’s foreign trade growth still robust 　　It is hard to tell whether China’s foreign trade has experienced trend changes or rebounds, but in general, China’s foreign trade has three highlights in the first three quarters: the general trade grows faster than processing trade; trade with emerging markets performs better than that with traditional markets; the middle and west regions and private companies become new driving engines of the trade growth. These three highlights constitute the general development of China’s foreign trade in the coming years. 　　General Trade grows faster than processing trade. Since the outbreak of financial crisis, China’s general trade has