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China exports to the United States caused by two major factors deceleration

Published:2013-01-17 01:47:43 Source: Views:1273

China's exports to the United States caused by two major factors deceleration

After the outbreak of the subprime mortgage crisis, the U.S. government through tax cuts, interest rate cuts and other strong fiscal and monetary policy response to the economic slowdown risks. Customs Department reminded that, despite the stimulus measures are expected to make America's economy from recession, but will remain at a standstill long time to take the rise of trade protectionism, which is apt to cause. According to statistics, the new U.S. launched against 18 trading partners investigation, 15 for China, accounting for 83.3%.

According to statistics, this year, although the United States is still China's second largest trading partner, but the proportion of China's total import and export volume has been 16.2% in the same period last year dropped to 12.8%. Among them, China's exports to the U.S. $ 140.39 billion, an increase of 9.9%, the growth rate down 8.1 percentage points, which is China's growth rate of exports to the U.S. dropped to single digits for the first time since 2002; imports from the U.S. $ 48.72 billion, up 23.8 % growth rate increased by 7.9 percentage points; the U.S. trade surplus of $ 91.67 billion, an increase of 3.8%, accounting for 74.1% of the total scale of China's trade surplus over the same period.

Customs analysts believe that the negative impact of the subprime mortgage crisis spread and the continued appreciation of the RMB against the U.S. dollar, the main reason for the deceleration of China's exports to the U.S. and imports accelerated. The one hand, since the end of last year the U.S. subprime mortgage crisis, the negative impact of the deepening U.S. economic weakness is a direct result of the demand for China's exports of goods slowed. Meanwhile, the United States is also trying to expand their exports to stimulate economic recovery.

On the other hand, by the impact of the weak dollar strategy, the RMB against the U.S. dollar continued to appreciate, with respect to the date of the exchange rate reform, the cumulative appreciation of the renminbi against the U.S. dollar rate has exceeded 18% price advantage in the U.S. market at the same time weaken our products, but also improved accordingly the U.S. The export price competitiveness.

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