Recession Global

By: chenxiao
Hangzhou Customs, Zhejiang, released in September foreign trade data, released in the global economy continues to bottom out the signal when the September Zhejiang's imports and exports (excluding Ningbo) the size of both a new high record during the year: in September export 12.9 billion U.S. dollars, Zhejiang Province, fell 11.2%, substantially more than in August narrowed 7.5 percentage points; imported 5.59 billion U.S. dollars, an increase of 7.6% and imports growth rate reversed the previous 10 consecutive months of decline in the trend of imports has reached the second highest on the scale, just below the in July 2008 to 59.8 billion U.S. dollars.

Zhejiang International Economic and Trade Research Center, Zhang Handong said that the financial crisis on the export of Zhejiang Province has basically bottomed out, pick up foreign markets is an important factor in Zhejiang's foreign trade for the better, from the published major economic leading indicators, the world's major economies The economy is from the rapid contraction phase to the recovery phase of growth changes. He believes that the fourth quarter of Zhejiang's foreign trade data will be further improved, the end of the export-year data may be from negative to positive.

In addition, Hangzhou Customs statistics, expert analysis, delayed shipment of goods this year's Christmas is pushing up exports in September one of the factors. As foreign buyers worried about the sudden cold last year, consumer goods led to hoard the backlog situation from occurring, this year's Christmas product orders significantly delayed compared with previous years, allowing the original copies of the Qi Bayue the peak Christmas exports are likely to be postponed to Jiushi Yue copies. In September, the Department received Yiwu Small Commodity export declarations declarations 29000 copies, monitoring container 54000 TEUs, respectively, year on year increase of 17% and 15.1%, the growth rate hit a new high this year.