Himfr.com reports WTO forecasts that China will become the world's largest exporter
The World Trade Organization (WTO) recently issued the "2009 World Trade Report" forecasts that the global trade in 2009 will drop 10 percent, a decline of more than 9% forecast in March. At the same time, China will overtake Germany to become the world's largest commodity exporters.
Asian countries become the engine of growth in global trade
"The survey figures show that Asian countries may be leading the recovery in global trade," WTO Director-General Pascal Lamy said that the decline in world trade is slowing down.
WTO chief economist Patrick Low said that as the European economy is weak, may make Germany's exports in 2009 behind in China. International financial institutions is expected in late 2009, the global economy under the guidance of the emerging economies of improving, China will quickly benefit from access to trade. According to WTO data in the report, China's merchandise exports in 2008 totaled 1.428 trillion U.S. dollars, only slightly behind Germany's 1.465 trillion U.S. dollars.
Protectionism is likely to exacerbate trade has decreased
"2009 World Trade Report," pointed out that the current global economic situation is still very grim, despite the recent signs of decline in trading activities, but the year 2009, a substantial volume of trade will continue to decline, particularly governments take in response to economic crisis The measures would decrease and its duration of trade have a major impact.
World Trade Organization experts said the economic crisis situation, governments face pressure to adopt trade restrictive measures, such as anti-dumping measures, increase tariffs, although these measures do not violate the WTO agreements, but if disposed of improperly, will seriously contribute to trade protectionism. The report notes that national trade restrictions must be kept quite transparent, while that should be effective supervision.
China has become the first choice for investment of foreign capital
Asian countries in export market share rising at the same time, attractive to foreign investors has also risen. United Nations Conference on the same day that the "2009 World Investment Report" noted that developing countries, particularly in East and Southeast Asian countries as foreign direct investment destination, more attractive than in developed countries. Achieved in the second quarter GDP growth of nearly 8% in China, while foreign direct investment (FDI) destination of choice.
UNCTAD has selected hundreds of the world's largest multinational companies conducted a questionnaire survey, a total of 241 companies in February 2009 to May was completed and submitted the questionnaire. Survey shows that more than 200 corporations which have chosen the top five investment destinations are China, the United States, India, Brazil and Russia.
Survey by the global economic and financial crisis, global foreign direct investment in 2009 will be significantly reduced to only a slow recovery in 2010, and is expected to rebound in 2011. However, half of the survey in 2011 the company expects them to the level of foreign direct investment will be higher than in 2008.
