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China's foreign trade situation is expected to improve in the second half of the year and a series of measures will be taken to achieve the annual export growth target, Ministry of Commerce spokesman Shen Danyang said Wednesday。

'So far this year, the foreign trade situation has been grim,' Shen Danyang said at a regular Ministry of Commerce news conference。As far as exports are concerned, the sustained downturn in external demand, the weakening of traditional competitive advantages, and the significant depreciation of the currencies of some major market countries against the US dollar are the three biggest pressures facing the stable growth of China's exports at present。

Data show that in May, China's exports to the United States increased by 7.Exports to the European Union, Japan and South Korea declined respectively, and exports to the United States accounted for 18 percent of the total exports.That's the highest level since August 2010。

Shen Danyang said that the recent U.S. economic recovery momentum is relatively strong, market demand has increased。However, the passive appreciation of RMB has affected the export competitiveness of China to the EU, Japan and other countries。Since the second half of last year, the RMB exchange rate against the US dollar has remained stable, and correspondingly its exports to the US have been relatively stable。During the same period, the euro and the yen depreciated sharply against the US dollar, resulting in the appreciation of the RMB against the euro and the yen by 21.1%和21.9%, forming greater pressure on China's exports to the EU and Japan。

According to the presentation，The Ministry of Commerce is working with relevant departments to formulate new measures to promote foreign trade，The focus is on helping businesses lighten their burdens，Including further reductions in import and export charges，Promote the implementation of the established reduction and exemption policies;Better solve the problem of difficult and expensive financing;Trade facilitation，Improve the business environment，Including the further introduction of cross-border e-commerce policy measures。

On the issue of foreign trade surplus, Shen Danyang stressed that China does not deliberately pursue a foreign trade surplus。At present, the main reason for the rapid growth of China's foreign trade surplus is the decline of international commodity prices and sluggish domestic demand, which leads to lower imports。

According to preliminary estimates by the Ministry of Commerce, in the first five months of refined oil, steel, copper, soybeans, iron ore, crude oil and other commodity prices fell, resulting in an increase in foreign trade surplus of nearly 80 billion US dollars, excluding this part of the amount, the surplus will be reduced by 36 percent.7%。

'If commodity prices can recover further in the second half of the year and China's import measures are further implemented, the growth of the surplus is bound to slow down,' Mr. Shen said。

According to the presentation，The Ministry of Commerce is working with relevant departments to formulate new measures to promote foreign trade，The focus is on helping businesses lighten their burdens，Including further reductions in import and export charges，Promote the implementation of the established reduction and exemption policies;Better solve the problem of difficult and expensive financing;Trade facilitation，Improve the business environment，Including the further introduction of cross-border e-commerce policy measures。

On the issue of foreign trade surplus, Shen Danyang stressed that China does not deliberately pursue a foreign trade surplus。At present, the main reason for the rapid growth of China's foreign trade surplus is the decline of international commodity prices and sluggish domestic demand, which leads to lower imports。

According to preliminary estimates by the Ministry of Commerce, in the first five months of refined oil, steel, copper, soybeans, iron ore, crude oil and other commodity prices fell, resulting in an increase in foreign trade surplus of nearly 80 billion US dollars, excluding this part of the amount, the surplus will be reduced by 36 percent.7%。

'If commodity prices can recover further in the second half of the year and China's import measures are further implemented, the growth of the surplus is bound to slow down,' Mr. Shen said。