China'S First Quarter Textile Products Declined In European And American Markets

In the first half of 2014, the total import and export value of China's mainland was 2 trillion and 20 billion US dollars, up 1.2% from the same period last year, of which 1 trillion and 61 billion 863 million US dollars in exports, 0.9% growth, 958 billion 998 million US dollars in imports, 1.5% growth, < a href= "http:// www.sjfzxm.com/news/index_c.asp" > trade surplus < /a > 4.4% to 102 billion 860 million US dollars, P. < /p >
Zheng Yuesheng, director general of the General Administration of customs and general statistics department, said that in recent years, the world economy and foreign trade situation is still complex. Although the situation in the second half of the year is predicted to be better, it is still very difficult to achieve the expected growth target of 7.5% in the whole year. P < /p >
In the first quarter, the proportion of labor intensive commodities such as mainland a href= "http:// www.sjfzxm.com/news/index_c.asp" > textile > /a > in the US market decreased by 0.6% to 44.4%, and the proportion in the European Union and Japan decreased by 0.9 and 2.4%, respectively, at 41.2% and 58.2%, respectively. < /p >
Similar products in Vietnam, Mexico, India, Bangladesh, India and Pakistan have risen in the US and EU markets, P. < /p >
< p > traditional manufacturing industry, especially < a href= "http:// www.sjfzxm.com/news/index_c.asp" > labor intensive commodities < /a >, is shifting to Southeast Asia and other neighboring countries. < /p >
< p > some other developed countries have been promoting domestic economy and expanding employment to promote the return of manufacturing industry to China, which is reducing foreign investment. Labor cost factors such as labor costs continue to increase in mainland China, which weakens the competitiveness of export products. The competitive advantage of traditional industries is also weakening, which is exacerbated by trade frictions and restraining further expansion of export space. < /p >
< p > related links: < /p >
< p > 1. Import and export show a gradual warming trend. In the first quarter, China's import and export value was 5 trillion and 900 billion yuan, down 3.8%. In the two quarter, imports and exports reached 6 trillion and 500 billion yuan, an increase of 1.8%. Among them, in May, China's foreign trade import and export growth slowed down from 1.4% in April to 1.5%, and further expanded to 5.6% in June. < /p >
< p > two, general trade grew steadily, and processing trade decreased slightly. China's general trade imports and exports 6 trillion and 800 billion yuan, an increase of 5.1%, accounting for 55% of the total value of imports and exports. Over the same period, import and export of processing trade reached 3 trillion and 900 billion yuan, down 3.7%, accounting for 31.6%. < /p >
< p > three, bilateral trade growth for major trading partners. The total value of bilateral trade between China and the EU is 1 trillion and 790 billion yuan, an increase of 9.6%, accounting for 14.4% of the total value of imports and exports. Bilateral trade with the United States totaled 1 trillion and 570 billion yuan, an increase of 2.8%, accounting for 12.7%. Bilateral trade with ASEAN totaled 1 trillion and 350 billion yuan, an increase of 2.6%, accounting for 10.9%. Bilateral trade with Japan totaled 930 billion yuan, an increase of 1.3%, accounting for 7.5%. < /p >
< p > bilateral trade between the mainland and Hongkong was 980 billion yuan, down 24.1%, accounting for 7.9% of the total value of imports and exports of the mainland. < /p >
< p > four, the proportion of foreign trade in 7 provinces and cities such as Guangdong and Jiangsu has dropped, and the export trade between the central and western regions has maintained a strong momentum. The total value of Guangdong's imports and exports is 2 trillion and 900 billion yuan, ranking first in the country. Over the same period, the total import and export value of Jiangsu and Shanghai was 1 trillion and 680 billion yuan and 1 trillion and 370 billion yuan respectively, while the import and export of Beijing (including central Beijing units) was 1 trillion and 300 billion yuan. In addition, the total import and export value of Zhejiang, Shandong and Fujian were 1 trillion and 40 billion, 846 billion 50 million and 508 billion 990 million yuan respectively. The total import and export value of the 7 provinces and cities accounted for 77.8% of the total value of imports and exports, down 2.2 percentage points from the same period last year. < /p >