Himfr.com reports domestic demand stimulate import better than exports, the Guangzhou Foreign warm

PR Log (Press Release) – Oct 28, 2009 – Guangzhou Bureau of Foreign Trade issued 1-9 month data show that foreign trade in Guangzhou, the Guangzhou foreign trade to stabilize the situation in a good situation to increase.

According to customs statistics, 1-September import and export value of 54.383 billion U.S. dollars in Guangzhou, down 13.49 percent, a decline of 7.4 percentage points lower than the national. The Secretary for Foreign Trade Guangzhou Xiao Zhenyu an interview with reporters, said that Guangzhou is expected to decline in imports and exports in the fourth quarter narrowed to 10% less than the year and strive to fall below 10%.

To see the changes from the data import and export decline is continuing, but a continuous decline narrowed. From January to September imports and exports, exports, imports fell from January to June narrowed compared with 4.58,1.95, and 7.45 percentage points, compared with January-March narrowed 8.59,1.95, and 15.76 percentage points. From the structure of export products, electrical and mechanical products and hi-tech products export of stronger defensive capabilities, export of electromechanical products has been restored, high-tech products export of rapid rebound.

From the key enterprises of the follow-up survey results and the Canton Fair in Guangzhou group turnover situation, business orders for pick-up operation improved. In September on the 30 survey of key export enterprises, enterprises have also picked up momentum in orders, export orders year on year increase in the number of enterprises up to 50% increase in volume of orders chain enterprises accounted for 56.67%, order prices are also signs of recovery. Meanwhile, the 106 session of the Canton Fair in Guangzhou before the two groups total turnover of 867 million U.S. dollars, more than 105 session of the cumulative growth of 22.8% year on year.

Xiao Zhenyu said the drop in imports and exports narrowed down mainly due to the recovery of imports. 1-September data showed the total value of exports of Guangzhou imports and exports 26.425 billion U.S. dollars, down 19.04 percent; imports 27.958 billion U.S. dollars, down 7.5%.

Xiao Zhenyu said that since late last year introduced by the Government policy of stimulating domestic demand effect has emerged.

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