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China's foreign trade to grow 15% in 2010 PDF Print E-mail

Saturday, 19 December 2009

China's imports will increase 15 percent and exports 13 percent next year, according to a report released by the China Institute for WTO Studies on Friday.

The government stimulus package would boost imports through enhancing domestic demand, while the growing competitiveness of Chinese enterprises in the international market, the improved external deman and the global economic recovery would increase exports, said Zhang Hanlin, head of the institute based in the University of International Business and Economics.

The report also warns of rising protectionism against Chinese products in 2010. Faced with worsening unemployment situation and shrinking market share, some countries tended to make China a scapegoat, said Zhang.

In the first nine months of this year, 19 countries launched 88 trade remedy investigations against China, involving 10 billion dollars, a year-on-year rise of 125 percent.

China suffered 14 trade remedy investigations from the United States, involving US$5.84 billion, or 639 percent more than that of the corresponding period last year.
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