China Faces More Severe Export Situation in 2012

January 8, 2012  by in UnCategorized   

By Aggregated Content in economic news on January 9, 2012 from http://c.moreover.com/click/here.pl?z5720585715&z=1250249030

China is facing an even more severe export situation featuring withered demand and harsher competition this year, according to its Deputy Minister of Commerce Zhong Shan.

Zhong said other major exporters will continue providing strong competition for China, and some developing countries are capturing market share in labor-intensive industries as domestic labor costs rise in China. Statistics showed that China's export products to the United States, European Union and Japan had dropped by 1.3 percentage points, 1 percentage point and 0.6 percentage points respectively in terms of market share since the third quarter in 2011.

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