The spring session of the Canton Fair, China's largest trade fair, is considered to be a good opportunity for the country's foreign trade enterprises to boost exports.
This is especially important when China's foreign trade volume only increased 7.3 percent year-on-year in the first quarter to reach $859.37 billion, which marked the slowest growth since the fourth quarter of 2009, according to data released by the the General Administration of Customs (GAC) early this week.
Managers of some Chinese enterprises at the fair agreed that the uncertainty of the world economy, the sluggish recovery of the international market, increasing cost and worsening trade frictions have contributed to the harsh foreign trade situation. Facing great pressures, many Chinese companies have resorted to various measures to promote exports such as targeting relatively remote foreign markets or upgrading the quality of the products.
he air-conditioner maker has developed a new type of intelligent product "with splendid appearance design and convenient function" which are welcomed by young foreign customers as it can be controlled in a long-range distance via PC or smart phones.
Meanwhile, the Chinese government has introduced a string of measures, including stabilizing the export tax rebate policy, helping solve financing difficulties of small and medium-sized enterprises and expanding the coverage of policy-based export credit insurance, to maintain stable foreign trade growth, said Zhang Xialing, Deputy Director General of Foreign Trade Department of Ministry of Commerce at a forum of the fair.
Trade investigations from the US sometimes prompted other nations to follow suit, Yu said. For example, when the US imposed anti-dumping duties on Chinese- coated paper in 2006, Brazil, Argentina and Thailand launched similar investigations, which "severely hurt Chinese exporters".
Rising trade protectionism in China's major exporting destinations has dealt a hard blow to exporters already suffering from slowing global demand.
China reported GDP growth of 8.1 percent in the first quarter, the slowest in almost three years as exports and domestic demand cooled, according to data issued on Friday by the National Bureau of Statistics. The government set a goal of 10 percent growth in foreign trade this year.

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