According to the reporter, Chen Deming, Minister of Commerce, said at the National Business Work Conference on January 5 that China’s foreign trade grew rapidly in 2011. It is estimated that the total import and export volume will reach 3.6 trillion US dollars, an increase of more than 20%, and the trade surplus will continue. The narrowing is expected to be around $160 billion.

In the first 11 months of 2011, the total value of China's foreign trade imports and exports reached US$3,309.62 billion, a year-on-year increase of 23.6%. Chen Deming said that the total import and export volume is expected to reach 3.6 trillion US dollars, an increase of more than 20%.

Regarding the foreign trade situation in 2012, analysts believe that the situation is quite serious. Zhang Yansheng, a researcher at the Institute of Foreign Economic Research of the National Development and Reform Commission, believes that under the combined effect of rising costs and continued deterioration of external demand, enterprises are at great risk of difficulties.

In order to maintain stable growth of exports, Chen Deming pointed out that in 2012, we must maintain the stability and continuity of foreign trade policies, and study and introduce new promotion measures to consolidate and expand the international market share. Keep the export tax rebate policy basically stable, improve the tax refund mechanism, and speed up the tax refund. Stable processing trade policy. Promote the simplification of import and export foreign exchange write-off management. Broaden the financing channels for foreign trade enterprises and improve financial services for small and medium-sized enterprises.

While the growth rate of foreign trade has maintained rapid growth, in 2012, the Ministry of Commerce will focus more on optimizing the structure of foreign trade. "Steady growth, balance, and restructuring" are still the guiding principles for foreign trade this year.

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