The Ministry of Commerce states that China's trade environment will effectively improve in 2009. Since July 2008, with the sharp fall in international energy and raw material prices, China's import prices have declined significantly.
Even though the country's export price index has also fallen, the drop rate was comparatively much lesser than the import price index. The U.S dollar and the euro have also started depreciating against many currencies across the globe.
Many developed countries have reduced their lending rate to zero percent, since the break out of the financial crisis in the world, due to which exporters who had imported equipment, with foreign currency loans have seen reduced pressures on interest payment and loans.
Those who want to import equipment and machinery now will get the double benefit of depreciated US dollar as well as near zero interest rates, which has the potential to out-weigh all cost benefit ratios.
Fibre2fashion News Desk - China
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