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20% Of Chinese Exporters Will Be Eliminated

2008/4/11 14:23:00 16

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20% Of Chinese Exporters Will Be Eliminated.

According to the international economic analysis, the export growth rate of bad China in March, Deutsche Bank released a report that China's processing and export industries will appreciate more pressure than the European and American economic downturn in the appreciation of RMB, and the Chinese exporters will enter a severe knockout competition. 10% to 20% of the exporters will be eliminated.

Goldman Sachs China economic research team predicted that China's export growth in March will rebound after the Spring Festival snowstorm, an increase of 32% over the same period last year.

The General Administration of Customs of China will issue the March import and export statistics bulletin on Ming (11) days.

Goldman Sachs China economic research team announced that China's export growth in February was significantly lower than that of the same period last year, resulting in an increase of 6% in exports. The backlog of commodities was concentrated in March, and the export growth in March will be 32% higher than that in the same period last year.

However, China's exuberant domestic demand and the depreciation of the US dollar make the total import value grow by about 30%, and the trade surplus is estimated at about 10 billion 500 million US dollars, which is at a relatively low level.

Goldman Sachs values China's import and export data in March, and other economic analysts look at the growth rate of China's export trade in March.

China International Finance Corporation has announced "economic review and Outlook" in the first quarter of this year. The growth rate of China's exports is expected to drop from 10% to 7.3%, while commodity price inflation caused by the depreciation of the dollar exceeds expectations, and the growth rate of imports is expected to increase from 10% to 10.9%.

Deutsche Bank's report on "survival in the decline of exports" pointed out that due to the uncertain economic prospects of the three major economies of the United States, the European Union and Japan, the rise in China's local production and the accelerated appreciation of the renminbi, it is estimated that 10% to 20% of Chinese exporters, especially furniture manufacturers, textile and footwear manufacturers, will be eliminated.

Guangzhou Statistics Bureau recently released statistical data, and the prosperity index such as enterprise export, foreign orders for industry, foreign contract in construction industry, and other engineering contracts in the wholesale and retail trade obviously declined, with a depression index below 100.

At the beginning of this year, China's currency appreciation accelerated, manufacturing industry increased and the US economy stagnant, aggravating the signs of slowdown in exports, especially processing trade.

In the first two months of this year, China's textile and clothing exports increased by 5.7%, and the export volume of textile and clothing exports to Guangdong was 16 billion 440 million.