Baghdad follow up the morning
following the world the Chinese economy status because of its impact on the economies of the world, where is the largest consumer of raw materials.
Announced Chinese Foreign Ministry on Monday that its president will attend a meeting of leaders of the Economic Cooperation forum, the Asia-Pacific (APEC), and the meeting will be held APEC in Manila During the period from 17 to November 19.
it includes APEC United States, China, Japan, South Korea, Indonesia and Canada, which together contribute about 57 percent of global output and 46.5 percent of world trade.
The media circulation of China's exports and imports declined in October data, according to official figures issued on Sunday, which refers to the continued slowdown in the second economy in the world in conjunction with the weakness of domestic demand.
China is a key driver for the growth of the global economy and the biggest source of products in the world and therefore the effects of slowing economy growth panic in financial markets, reflected on the financial situation of the producing countries Raw Materials issued its output mainly for the Asian giant.
it fell and China's imports calculated in dollars increased by 18.8 percent to 130.774 billion dollars in October compared with the same month last year, registering a year of decline in a row after it deteriorated by 20.4 percent in September.
Exports also continued to fall since September registered a decline by 6.9 percent to 192.414 billion dollars.
and China's trade surplus rose to up to 61.64 billion dollars under the influence of the continuing decline in imports suggests that China is difficult to stimulate domestic demand.
The record recession in the real estate sector after years of boom as a result of the arrival of the market to the state of saturation, as well as a slowdown in public spending on infrastructure and high in the manufacturing sector capacity, explains the slowdown in the Chinese economy and reduced demand for raw materials such as coal and steel which are the key sectors heavy industries.
China has faced a case of flourishing middle of the first decade of their exports of the current century
threats to the United States to disrupt their trade Unless the Chinese authorities take the necessary steps to restrict exports, and undertake measures revalue the yuan and the transition to «growth based on consumption».
It is the same message that sent to Japan earlier in the case of the enjoyment of the development of thriving exports, it has increased US insistence on raising the value of the yuan after the outbreak of the financial crisis in 2008.
[You must be registered and logged in to see this link.]