Arab Today, arab today china should focus trade with asean neighbors
Last Updated : GMT 21:55:33
Arab Today, arab today
Arab Today, arab today

China should focus trade with ASEAN neighbors

Arab Today, arab today

Arab Today, arab today China should focus trade with ASEAN neighbors

Beijing - XINHUA

As a weak global economy hinders demand from China largest trading partners, one trade manager in Shanghai says China should refocus its trading priorities with its Asian neighbors to the south. Processing industries in particular turned in very low growth figures. An agricultural products trading company in Shanghai says 2012 was a hard year indeed. Freek Boelen, Trading Manager of Wilmar Trading PTE, said, \"The labour cost recently went up in the last couple of years a lot in China. On average I would say 5% to 10 %, even I’ve heard higher numbers. Another problem is of course the raw materials or the energy sources you need to use is also getting more and more expensive every year. So I think these factors definitely have an influence on the margins.\" Boelen says that besides China’s increasing production costs, depressed international markets also pulled down the trade figures. China’s Customs says the country’s trade with members of the European Union - China’s largest trade partner, dropped by nearly 4 percent. Although China’s trade with the United States - its second largest trade partner, saw a rise of 8%, that number was only half the growth rate of the previous year. Boelen says rather than the EU and US markets, China’s exporters should look more to their neighbors. Freek Boelen said, \"I see a growth in Asia, like Indonesia growing a lot, Thailand, Philippines. All these countries actually are doing very very well. So I think for the Chinese exporters, these market will be key markets.\" China Customs reports the main drive for the country’s foreign trade last year came from provinces in south China including Guangdong and Jiangsu, which between them accounted for about eighty percent of the country’s total exports.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china should focus trade with asean neighbors Arab Today, arab today china should focus trade with asean neighbors

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china should focus trade with asean neighbors Arab Today, arab today china should focus trade with asean neighbors

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday