First some anti fascist music down with fascist up with Democracy, fascist should not be allowed to have militaristies, they do not know how to share or allow civilian oversight.
[Imports will be slowing as the SASAC buys more foreign business. This is basically because there is no longer an ability of foreign markets to import to Communist China. This is because the basic international competition is being destroyed by SOE cartels and anti trust violations which allow to much centralized powere to a single country or political party. Therefore, if there is less competition in the world as we have seen international competition for exports into the international community decrease as the Communist Chinese exports have gained all time world records. It is only gravity that causes the imports to slow]
Measures to cool economy will take effect soon, comments vice-minister
WEIHAI, Shandong - China's import growth will "probably" slow down in the months ahead as the government's measures to cool the economy take off, and the prospects for exports are not optimistic, said Zhong Shan, the country's vice-minister of commerce.
[Well of course they are going to. You are about to start forcing your business to own operations in foreign lands. So what do you need to export anymore for. When you can charge the same price and gain more surpluses to take home and cut out the expenses of the cartel supply chain. ]
Zhong also said that China's foreign-trade growth will "outperform both that of the global average and the nation's GDP growth in 2011", while the nation's exports and imports will "keep growing during the rest of the year".
[So obviously who ever wrote this article did not read the title. However, it is more than normal for a country that is able to export its mass of human labor to import back foreign treasury into the country to help their families. Along with the massive amount of Communist Party members ownership of foreign business. It is expected that the constant depletion of foreign lands treasuries would bring in a higher GDP via spending and consumption as other countries economic markets are stripped bare]Zhong made the remarks during his keynote speech on Friday at an agriculture-themed meeting held in Weihai, Shandong province.
From January to May, China's foreign trade grew by 27.4 percent from the same period a year earlier to $1.4 trillion, with imports surging by 29.4 percent to $689.41 billion.
[I see that the Communist Chinese are still breaking the international anti trust law that states if you create a trade surplus after so many cycles you have to allow others to create a trade surplus. It has been 30 years now]China's import growth picked up in May after decelerating from January to April. In May, imports grew by 28.4 percent, compared with 21.8 percent in April.
But Zhong said "it is likely that China's import growth will slow down in the second half of this year, as the government's macroeconomic tightening measures are expected to gradually take off."
[It does not make sense that if the domestic macro tightening measures tighten up that imports would slow down. Unless those measures where aimed at creating more exports, to ease your greedy surplus so called inflation. Again, the act that the Communist Chinese are in an inflation when they have the worlds biggest trade surplus and the one of the worlds most protect markets, along with the worst spread of wealth is kind of like saying that a rich man had to each PBJ's]China's economy is expected to slow down this year. And while the consumer price index remained at around 5 percent during the first half, the central bank has raised the reserve requirement ratio for commercial banks six times this year.
"China's demand cannot always be robust, due to the slowing economy and less market liquidity, and a rise in prices pushed up the nation's imports during the first half," said Long Guoqiang, a senior researcher with the Development Research Center of the State Council.
In 2010, China's imports surged by 38.7 percent year-on-year to $1.39 trillion, while its foreign trade rose by 34.7 percent, resulting in the annual surplus dropping by 6.4 percent. From January to May, China's imports of edible oil fell by 14.2 percent in volume but surged by 19 percent in value, while imports of steel dropped by 1.9 percent in volume but rose 13.7 percent in value.
However, according to Li Wei, an economist from Standard Chartered Shanghai, there is no sign that China's imports will decline significantly. "Probably there will be some slight slowdown in the import growth during the third quarter before recovering in the fourth," he said.
Since late last year, the country has vowed to gradually stimulate imports. "China will continue to expand imports, especially advanced equipment, parts and components. This is our priority this year," said Wang Shouwen, director of the department of foreign trade at the Ministry of Commerce, on the sidelines of the meeting.
A more complex environment in the international market, rising operational costs and output overcapacity are casting a shadow over China's exports and foreign trade, said Zhong.
The World Bank predicted that this year the world economy will grow by 3.2 percent, while developed economies are expected to expand by 2.2 percent.
"Spurred up by factors such as economic recovery and the US presidential elections, developed and developing nations including the United States and India have pledged to promote exports, which will add to the possibilities of trade frictions targeting China," said Zhong.
China's export growth has narrowed from 35.8 percent in March to 19.4 percent in May.
But many experts said exports are still promising thanks to the gradual recovery of the economies of the US and the European Union (EU) and the competitiveness of China's manufacturers.
"US individual consumption is improving, and the EU debt crisis may not deteriorate," Li said.
"The nation's export growth will gain momentum after the slowdown during the second quarter."
China
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