After falling by 16 percent in 2009, China's exports to all major markets recovered strongly this year, growing by almost 30 percent year-on-year.
Export volume growth peaked in the mid-year, but has since decelerated due to the weakened momentum of external demand.
It is expected that export volume will grow by about 10 percent in 2011 on the assumption of moderate, but continuing, global recovery.
Despite the recent rise in wage costs, Chinese exports seem to have remained competitive with a limited export price increase and gains in market share.
Prices of both imports and processing imports have recovered strongly this year. In 2011, it is expected that the import volume growth will stabilize at about 10 percent.
Commodity import growth will be contained by weaker infrastructure growth and the impact of the property tightening measures.
Source:China Daily
Export volume growth peaked in the mid-year, but has since decelerated due to the weakened momentum of external demand.
It is expected that export volume will grow by about 10 percent in 2011 on the assumption of moderate, but continuing, global recovery.
Despite the recent rise in wage costs, Chinese exports seem to have remained competitive with a limited export price increase and gains in market share.
Prices of both imports and processing imports have recovered strongly this year. In 2011, it is expected that the import volume growth will stabilize at about 10 percent.
Commodity import growth will be contained by weaker infrastructure growth and the impact of the property tightening measures.
Source:China Daily
