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China's foreign trade is expected to see a significant rebound in 2010, with the total volume of imports and exports projected to grow by approximately 8%, according to the government’s plan report submitted for review. This marks a strong effort to achieve positive growth after a challenging year in 2009.
Last year, China's foreign trade was heavily impacted by the global financial crisis, resulting in a 13.9% decline in total trade volume, reaching $2.20727 trillion. However, the situation began to turn around in December 2009, when exports recorded their first increase in three consecutive quarters, rising by 17.7%. The momentum continued into January 2010, with a remarkable 44.4% year-on-year growth in overall trade.
Zhou Shan, vice minister of commerce, expressed confidence that China's foreign trade could recover in 2010 if there are no major changes in domestic or international conditions. He emphasized that the recovery is already visible, with many businesses reporting improved order volumes and higher production rates.
Yan Yalian, a member of the Chinese People's Political Consultative Conference, noted that the improvement in foreign trade reflects both better external economic conditions and the effectiveness of China's stable foreign demand policies. However, she also warned against excessive optimism, pointing out that global demand has shifted significantly post-crisis, making the previous high growth rates unrealistic.
Liang Yaowen, a deputy to the National People’s Congress, highlighted ongoing challenges such as an unstable global recovery, rising trade protectionism, and weak core competitiveness among Chinese enterprises. He pointed out that trade disputes continue to be a concern, with over 100 cases involving Chinese products in 2009, totaling about $12 billion. Recent investigations by the U.S., EU, and Argentina on Chinese goods further underscore these challenges.
Liu Jie, another NPC deputy, stressed the importance of maintaining stable foreign demand policies despite temporary setbacks. He argued that foreign trade plays a crucial role in leveraging China’s comparative advantages, creating jobs, and boosting household incomes.
Sun Yishu, chairman of Inspur Group, suggested that domestic companies should focus on innovation and improving product competitiveness. He encouraged exploring new international markets through localized operations to reduce trade friction.
Liang Yaowen also emphasized the need for structural adjustments in foreign trade, advocating for diversified market development, stronger service trade, and continuous optimization of trade structures. He believes that stabilizing external demand while accelerating the transformation of foreign trade is essential for long-term sustainable growth.
July 18, 2025