Analysis and Forecast of China’s Foreign Trade Situation in 2009

Abstract

In terms of bilateral trade between China and its principal trade partners, China's exports to the United States, ASEAN, Australia, and India declined relatively more slightly, and China's imports from the EU, the United States, Australia and Brazil also declined softly. With the changes in global trading patterns, developing country markets are increasingly important to each other. In the first half of 2009, China became the largest trade partner of Brazil and Chile, countries whose largest trade partner had always been the United States. International trade protectionism is increasing, and China's export trade has become more the subject of increasingly frequent trade remedy investigations. In response to the impact of the international financial crisis, China's foreign trade enterprises, besides relying on the support of public policies, also developed new methods, such as huddling for warmth and collective winterisation. Keywords:China's foreign trade; international financial crisis; United States