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Himfr Reports Jiaxing export usher inflection point

By: frbiz man

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Jiaxing Customs, according to the latest statistics, in February, Jiaxing exports 857 million U.S. dollars, up 4.2%, with growth of 38% in January compared to exports show rapid decline trend, which is a single month over the years the city's foreign trade growth rate of exports the smallest month, and Haining, Jiashan other counties or even negative growth in exports appears to be a turning point.

Jiaxing Foreign Trade and Economic Bureau of Foreign Trade Department, who said in February's export figures by the Spring Festival, a great snowstorm, and does not reflect the trend of the year, so conclude that the inflection point in our city's exports too early. According to reports, this year's Spring Festival is Feb. 7, about half a month earlier than last year, as many companies rush off in time for New Year's exports, leading to higher export growth this year in January. The same reason, in February last year, export growth is also higher, up to 69.7%. Also in February this year the Spring Festival, will again be snow, and some of the goods were exported in January ahead of time, so it is normal month, exports fell sharply.

However, some people disagree. Some market participants that the current domestic and international trade environment and the increasingly serious situation, "Jiaxing manufacturing" cost is no longer cheap, it is sharp decline in exports in February a major reason, this year's foreign trade situation is not optimistic.

It is reported that in recent years, with changes in domestic trade environment, "Jiaxing create" the cost of at least 3% annually to 5% rate rise. First, the export tax policy adjustment led to higher costs and margins. Second, production costs, brought great pressure to enterprises, especially labor costs, raw material prices, environmental costs, making business difficult to internalize, only to raise its offer. However, exports offer improved market competitiveness at the expense of the cost. Affected by this, the city part of the decline in traditional commodity export growth. Such as apparel and clothing accessories in February exports 194 million U.S. dollars, down 8%; furniture and parts exported 79.52 million U.S. dollars, down 2.4%; travel goods and bags exported 26.66 million U.S. dollars, down 11.2%. In addition, exports offer U.S. dollar denominated currency, exchange rate changes also increased the risk of trade costs, in particular, expected strong appreciation of the renminbi, export enterprises face greater exchange rate risk. Since mid-2005 exchange rate reform, RMB has appreciated 16.5%, only the first 2 months of this year rise by 2.9%, this high-volume, long-term business impact of large orders, virtually making companies lose a lot of trade opportunities.

"These foreign companies have been so badly battered, and happens also met the sub-prime crisis." Municipality Foreign Trade Department, told a reporter that the United States is the city one of the major export markets, the economic slowdown, decreased consumer spending, on Jiaxing, China's exports a significant influence. Data show that 1 in February this year, the city exports to the U.S. rose by 11.3%, down by 40.2 percentage points. Impact of U.S. economic weakness, the next period of time, Jiaxing City, exports may face greater difficulties, export growth will be slow.

Article Source: http://depositarticles.com/

I am a professional editor from China Products, and my work is to promote a free online trade platform. www.himfr.com/ contain a great deal of information about commercial ice crusher,keychain laser pointers,can crusher electric, welcome to visit!

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