Sign in | Join us  
      
 Popular Searches:diamond,cbn,tuck point blade,cup wheel,saw blade, brown fused alumina
Home -- Information


  Featured Companies
 • Yantai Cct Metal…
 • Dymend Tools Co.,…
 • Henan Boreas New…
 • Yancheng Xiehe Machinery…
 • EKF Industrial Supplies…
 • Ruishi New Material…
 • MORESUPERHARD
 • Henan Banner New…
 • Zhengzhou best synthetic…
 • Zhengzhou Haixu…

 Print  Add to Favorite
Custom your font size:     

China's major export base sees signs of recovery


Post Date: 22 Jul 2009    Viewed: 707

Exports by southern China's Guangdong Province, an economic powerhouse and a major export base of the nation, had seen signs of recovery, expecting a year-on-year growth in the fourth quarter, said a local trade official on Tuesday.


Liang Yaowen, head of the provincial bureau of foreign trade and economic cooperation, said that Guangdong's foreign sales would continue to stage a year-on-year decline in the third quarter of this year, as global demand was yet to rally, trade protectionism persisted and pressure remained on export price to go down further.


Guangdong's external trade amounted to 257.87 billion U.S. dollars from January to June, a decline of 20.7 percent from the same period of last year. The total included 153.42 billion dollars in export, down 18.6 percent, and 104.45 billion dollars in import, down 23.7 percent.


But he said the province's foreign trade was recovering quarter on quarter, and predicted that in the fourth quarter, the province was expected to post a year-on-year growth in exports.


In the second quarter, exports grew 16.5 percent on the first quarter and external trade was up 34.4 percent, according to Liang.


Liang said Guangdong's share in the nation's total exports went up 1.1 percentage points to 29.4 percent in the first six months.


He attributed the signs of recovery to government stimulus measures, including higher tax rebates and credit insurance for export.


According to Chen Liancong, general manager of the Guangdong branch of China Export & Credit Insurance Corporation, the company provided insurance for local export goods valued at 3.95 billion U.S. dollars in the first half of this year, up 63.6 percent on the same period of last year.


Superhard Material of China

Superhard Material of China

Abrasives and Grinding Products of China

Abrasives and Grinding Products of China

Coated Abrasives of China

Coated Abrasives of China

Chia International Abrasives & Grinding Exposition

China International Abrasives & Grinding Exposition

Home | About Us | Members | Contact | Advertising Quotation
Supported by Yuanfa Information Technology co.,Ltd
Copyright ©Abrasivesunion 2006. All rights reserved
Page rendered in 0.0233 seconds
增值电信业务经营许可证:豫B2-20202116  ICP备案:豫B2-20100036-2