日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

Emerging markets charge to the front

By Li Jiabao | China Daily | Updated: 2013-03-04 07:51

 Emerging markets charge to the front

Two Chinese customs officials checking a Russian businessman's luggage inside a car at Manzhouli port. China's trade and economic cooperation with its traditional markets such as the European Union, Japan and the United States are declining, while that with emerging markets is gaining more importance. Provided to China Daily

Business with traditional partners is proportionately in decline: Analysts

Emerging markets are gaining more weight in China's foreign trade as the country diversifies its business partners and the dismal world economy takes its toll on developed economies.

"China must make more efforts to adjust its export destinations and increase shipments to Asia, Africa and Latin America. The traditional partners, such as the European Union, Japan and the United States, are not doing well. Chinese products are still competitive in emerging markets," said Zhuang Jian, a senior economist with the Asian Development Bank.

Jin Baisong, deputy director of the Department of Chinese Trade and Studies at the Chinese Academy of International Trade and Economic Cooperation, a think tank affiliated with the Ministry of Commerce, agreed that emerging markets are now striking regions for China's foreign trade because of promising growth prospects and rising trade opportunities in these economies.

Foreign trade in the world's second largest economy rose 6.2 percent year-on-year in 2012 to $3.87 trillion, contrasting with a 22.5 percent surge in 2011, according to the General Administration of Customs.

"China's foreign trade presented a more remarkable feature in partner diversification in 2012. Trade with traditional partners accounts for a shrinking share in China's overall trade while that with Association of Southeast Asian Nations and emerging markets is gaining more importance," said customs spokesman Zheng Yuesheng in a news briefing in January.

The proportion of traditional markets, including the European Union, Japan and the United States, in China's total trade dropped 2.1 percent in 2012 from a year earlier. Meanwhile, emerging markets and ASEAN saw their share in Chinese trade rise 0.8 percent last year, Zheng said.

Trade with the EU, China's largest trade partner, declined 3.7 year-on-year in 2012 while trade with Japan, the fifth trade partner, was down 3.9 percent. In contrast, bilateral trade with ASEAN, China's third largest trade partner, jumped 10.2 percent year-on-year in 2012 and that with Russia grew 11.2 percent, according to the customs data.

China now attaches more importance to exports to emerging markets, especially other members of BRICS (Brazil, Russia, India, China and South Africa), according to a recent report from Standard Bank Group.

"Seven of China's top 10 trade partners are emerging markets," said the group's economist, Jeremy Stevens. "Exports to BRICS markets are especially important. They reflect the fact that China plays a more important role in BRICS. China acts as a counterparty in 85 percent of intra-BRICS trade flows."

China ranks as a top three export destination for Brazil, Russia, India and South Africa.

Moreover, Brazil, Russia, India, China and South Africa trade more with Africa than they do among themselves. BRIC-Africa trade will exceed $500 billion by 2015, roughly 60 percent of which - $300 billion - will consist of China-Africa trade, according to the report.

Africa is likely to overtake the EU and the US to become China's largest trade partner in three to five years, given the current growth pace, said Wei Jianguo, vice-chairman and secretary-general of the China Center for International Economic Exchanges, a high-level government think tank.

Meanwhile, China is speeding up the opening-up of border areas to develop a new driving force for trade growth.

lijiabao@chinadaily.com.cn

 

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 婷婷视频在线 | 日韩视频在线免费观看 | 国产午夜精品一区二区 | 日韩欧美视频在线 | 久久综合成人网 | 国产一区二区三区四区在线 | 亚洲蜜臀av乱码久久精品蜜桃 | av毛片在线播放 | 日韩69视频| 亚洲综合一区二区三区 | 国产福利视频在线观看 | 四虎影院在线免费观看 | 亚洲男人在线天堂 | 欧美性猛交bbbbb精品 | 97在线免费观看视频 | 日本精品视频一区二区三区 | 99色99 | aaaa毛片 | 91精品一区二区三区蜜桃 | 日韩av视屏 | 久久99久久99精品免观看粉嫩 | 亚洲高清网站 | 国产精品视频免费 | 亚洲欧美日韩国产一区 | 欧美特级黄色大片 | 九色视频偷拍少妇的秘密 | 日韩在线视频免费看 | 成年人黄色小视频 | 国产又黄又爽免费视频 | 福利视频在线导航 | 色综合久久网 | 麻豆视频观看 | 亚洲精品小说 | 97久久精品人人澡人人爽 | 中文字幕在线观看国产 | 亚洲区成人777777精品 | 白白色在线观看 | 青青草原av| 91琪琪 | 在线成人av网站 | 操你啦在线视频 |