Flood and industry transfer to slow export growth in Guangdong in June – Exports of Guangdong's foreign trade, heavy rain – footwear industries

By Renminbi Continued appreciation of the rapid increases in production costs and the June storm floods and other factors, foreign trade of Guangdong in June Export Volume than the same period last year (below) only a slight increase of 2%, did not meet export growth of 10% of Guangdong targets, but also much lower than the national export growth rate of 17.6%.

Guangdong Sub-Administration of Customs yesterday, according to data released by 1 June 2008, Guangdong's foreign trade import and export value was 324.51 billion U.S. dollars, up 13.4%, lower than the national growth rate of 26.3%, accounting for the total import and export value of 26.3%. Exports to 187.83 billion U.S. dollars, up 13%, 21.9% lower than the national growth rate of exports, accounting for 28.2% of total exports; 136.68 billion U.S. dollars of imports, up 13.9%, 30.6% lower than the national growth rate of imports, accounting for 24.1% of the total import value. 1 to 6 months of Guangdong's foreign trade surplus of 51.15 billion U.S. dollars to achieve.

6 months, total imports and exports of Guangdong Province was 58 billion U.S. dollars, an increase of 5.5%, lower than the national growth rate of 23.3%, accounting for 26.2% of total import and export. Among them, the export of 34.09 billion U.S. dollars, an increase of 2%, 17.6% lower than the national growth rate of exports, accounting for 28.1% of total exports; imported 23.91 billion U.S. dollars, up 11%, 31% lower than the national growth rate of imports, accounting for 23.9% of the national total value of imports. Although Guangdong's foreign trade in the first half

year expected to reach the goal, but the June report card is failing, import and export value and exports growth in 10%. According to the Guangdong Provincial Foreign Trade and Economic Cooperation published information, in 2008 the main goal for Guangdong's foreign trade: import and export value increased by 10%, of which 10% export growth, import growth of 10%.

Guangdong Academy of Social Sciences Research Director, Urban Regional Research Center, deputy director of the competitiveness of the small force yesterday to accept "First Financial Daily" interview that exports slowed in June, with heavy rain, floods and industrial transfer are involved . It is understood, Guangdong Province, Guangdong Academy of Social Sciences research industry has been metastasis.

In June this year, Guangdong suffered a number of days in most parts of the heavy rainfall in the attack, many enterprises normal production, sale and transport disruption, which to some extent, also affected the foreign trade of Guangdong. A shoe company to the press reflected the Dongguan factory production Zengyin break floods a few days, in June of production and exports are not too normal. According to the Guangdong Provincial Communications Department's external release of information, due to the impact of days of heavy rain, Guangdong Province during the period June traffic affected in varying degrees, the province a number of provincial highways and county roads interrupted. The official announcement shows that many factories suffered flooding, and forced to stop.

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