1 July 2008, China& 39;s export growth sharply down air compressor - air compressor export growth ra

1 July 2008, China& 39;s export growth sharply down air compressor - air compressor export growth ra

Article by jekky

as the motor gas pressure into mechanical energy to the pressure generating device, is widely used all aspects of production and life. according to customs statistics, 1 july 2008, china exported 30.97 million units , valued at 550 million u.s. dollars, than the same period in 2007 (below) growth of 3.3% and 19.5% growth respectively over the same period in 2007 (the same ) dropped 20.9 points and 14.7 percentage points. one month of july the export 4.401 million units, worth 085 million u.s. dollars, up by 10.7% and 21.4%. main features of its exports are: one, mainly in general trade exports and the growth rate dropped significantly. 7 months ago, my way of general trade export 16.9 million units, up 7.1%, down 40.9 percentage points, accounting for the same period the total export of china's 54.6%; processing trade exports of 12.22 million units, an increase of 1.5%, accounting for 39.5%. second, foreign-invested enterprises account for half of exports. the first 7 months, exports of foreign-invested enterprises in china 16,570,000 units, up 8.6%, accounting for the same period the total export of china 53.5%; private export 7.991 million units, up 15.4%, 25.8%. 3, mainly exported to europe and hong kong markets, exports to the u.s. and european markets declined. the first 7 months, china exported to the united states and european union units and 8.066 million 8.629 million units, decreased by 4.9% and 1.4%; in addition, the mainland on hong kong exports of 3.775 million units, up 6.2%. exports of these three markets combined accounted for the same period 66.1% of total exports compressor. 4, guangdong, zhejiang and fujian, total exports of more than 8 percent. 7 months ago, the three provinces of enterprises are exporting compressors 15.39 million units, 5,312,000 units and 4,459,000 units, up by 2.9%, 7.5% and 1.9%, the three together accounted for the same period exports of total exports of the country amount of 81.2%. present, export unprecedented difficulties and challenges, in 2008 export growth rate come down substantially since the main reasons: an eu anti-dumping duties imposed restrictions on export of china's . according to the italian compressor manufacturer filed the complaint, the european commission in december 2006 decided to levy a small in china to start anti-dumping investigations. despite the positive start responding to our business, but in the end still not in line with market economy status determination. european commission has decided that from march 21, 2008 onwards, in the domestic up to 77.6% levy anti-dumping duty for two years. the eu is china's largest export market for s, affected by 4 july 2008, china's exports to the eu dropped 12.9% in the first quarter of china's exports to the eu grew 18.8 %. second, the u.s. subprime crisis on china compression needs. by the sub-prime crisis, china's second largest export market, the u.s. demand on lower first 7 months of 2008, china's exports to the united states fell 4.9% in . in addition, the impact of the u.s. economic downturn, as a result of bankruptcy of u.s. imports of export export of bad debt has become an important issue in business have to. strand breaks of funds, powermatecorporation to the company on march 17 filed for bankruptcy in u.s. bankruptcy court, would directly lead to the export enterprises in china exported 10.55 million u.s. dollars in uncollectible accounts receivable. third, production costs and profits of rmb appreciation compression. by raw material prices, labor prices and the impact of multiple factors such as the rmb appreciation, rising costs of industry, while the export price gains are lagging behind, making the industry highly competitive to further compress margins. it is understood that, in february 2008 some air compressor manufacturer in china since the cost of substantially higher than the same period in 2007, about 20%.

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