|
BEIJING, July 13 -- China's foreign trade continued
its robust growth in the first half of this year, but is expected to encounter
obstacles in the coming months.
Trade volume rose about 23.2 per cent year on year in the first six months this year to US$645 billion, the latest statistics from China's General Administration of
Customs revealed.
Exports from China grew to some US$342.3 billion in
the first half of this year, a 32.7 per cent rise over the previous year;
imports to China reached US$302.7 billion in this period, a year-on-year rise of
14 per cent.
However, the outlook for the second half of the year
is not so optimistic, said Gao Hong, an expert with the Chinese Academy of
Social Sciences.
"It is because the country's textile trade with the
United States and the European Union might hit problems as the enterprises use
up their quotas for the entire year," he said.
China's trade with its major trading partners was
strengthened during the first half of this year.
The European Union is China's biggest trading
partner, with its bilateral trade volume with China growing some 23.6 per cent
to US$100.1 billion in the first half of the year.
The United States and Japan take second and third
place with trade volumes of US$96.3 billion and US$86.5 billion respectively.
The Association of Southeast Asian Nations (ASEAN),
with whom China has adopted measures to facilitate the flow of trade of
agriculture products under a free trade agreement (FTA) between the two sides,
remains China's fourth biggest trade partner.
"As China is scheduled to launch a new round of
tariff reductions with the ASEAN trade bloc, beginning from July 20 in line with
the FTA, the bilateral trade volume is expected to witness further increases in
the second half of this year," Gao said.
China had a trade surplus of US$39.6 billion in the
first half of this year, while the surplus for June alone stood at US$9.7
billion.
China's widening trade surplus has aroused concerns
in other countries, in particular the United States.
In fact, the two sides are seeking mutually
satisfactory solutions to balance bilateral trade.
The China Council for the Promotion of International
Trade recently launched a project with the US Commerce Department in a bid to
narrow China's trade surplus with the United States.
Under this project, the two sides will establish
agencies in some Chinese cities, which will take responsibility for helping US
enterprises look for potential clients in China, as well as providing US
businesses with information about China and promoting US exports to China.
(Source: China Daily) |