在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

US EUROPE AFRICA ASIA 中文
Business / Domestic consumption

Domestic market key for future

By Ding Qingfen (China Daily) Updated: 2011-09-17 07:22

BEIJING - With exports sagging in the face of the global debt crisis, China's manufacturers should look to cash in on domestic demand, said the deputy minister of commerce.

"The growing domestic consumption market is turning into a platform where local companies could expand market share and enhance competitiveness globally," Wang Chao said at the Future of China and the World Trade Organization forum in Beijing on Friday.

"China is becoming one of the most important parts of the world market thanks to its growing economic scale," he said.

China's exports in August pulled back from a record high and were outperformed by imports in annual growth.

The nation's trade surplus last month dropped sharply to $17.8 billion, down 43 percent from July, the first time it had narrowed in six months.

Wang's remarks come as the European debt woes that involved Greece, Portugal and Ireland have spread to larger economies such as Spain and Italy, which economists believe will hurt the Chinese exports.

Additionally, increasing labor and raw material costs, and the rising yuan, are putting the squeeze on exporters.

"Although exports will continue to grow, the prospects are not optimistic over the next one to two years," said Wang Tao, head of China economic research at UBS Securities.

"Developing the domestic market is a good alternative and will be a must-do for Chinese manufacturers in the long-term," she said.

In its 12th Five-Year Plan (2011-2015), the Chinese government pledged to expand domestic consumption by raising individual incomes and improving social welfare.

"China's economy relies heavily on manufacturing and exports, resulting in over-investment and excessive capacity in certain industries. Achieving a better balance between external and domestic demand is a big challenge for China in the next decade," Pascal Lamy, director-general of the WTO, said in an article for the forum.

Yet exporters have already been looking at local markets.

"We want to shift to promote sales at home," said Chen Xi, manager of Wenzhou Dongyi Shoes, a mid-scale exporter which experienced decreasing overseas demand over the last few months.

China is now the largest exporter and the second largest importer worldwide. The nation is the largest developing nation - and the second largest worldwide after the United States - in absorbing foreign direct investment.

"Since China's entry into the WTO, China's economy has made remarkable achievements and the nation has also made a sizable contribution to the world economy," Wang said.

The Chinese government is also working on measures to boost domestic sales of goods originally produced for exports.

"We also welcome foreign companies tapping the domestic market," said Wang at the forum, which was held to commemorate the 10th anniversary of China's WTO accession.

Li Jiabao contributed to this story.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久久久97 | 一区二区免费在线观看 | 我要操网站 | 日韩视频免费在线观看 | www.99riav| 91麻豆精品国产91久久久久久 | 成人免费网站黄 | 1024日韩 | 久久天天躁狠狠躁夜夜躁2014 | 中文字幕亚洲精品 | 久精品视频 | 国产乱码精品一区二区三 | 成人精品在线视频 | 国产香蕉在线 | 久久狠狠干 | 日日干天天干 | 欧美一级淫片免费视频黄 | 欧美视频在线一区 | 免费午夜视频 | 国产黄色免费网站 | 国产精品综合网 | www.超碰| 久久精品免费观看 | 九色视频丨porny丨丝袜 | 欧美精品二区三区四区免费看视频 | 久久精品久久精品 | 国产区一区 | 在线免费观看黄 | 综合久 | 女同一区二区 | 欧美成人精品欧美一级私黄 | 黄色影音 | 四虎影院永久免费 | 日本成人一区二区三区 | 日韩在线成人 | 亚洲激情欧美激情 | 国产成人三级在线观看 | 最新中文字幕在线 | 日韩欧美高清视频 | 欧美成人毛片 | 日韩在线视频播放 |