Ministry of Commerce: Private companies contributed more than half of their exports in the first quarter

On April 27, the Ministry of Commerce issued the "Report on China's Foreign Trade Situation (Spring 2012)". The report pointed out that in the first quarter, private enterprises contributed more than half of the increase in exports. The report pointed out that private enterprises contributed more than half of the increase in exports, and the growth of processing trade was weak. After the baptism of the international financial crisis, the pace of transformation and upgrading of Chinese private enterprises accelerated, and the ability to expand market and innovation in the fierce competition was significantly enhanced. The export growth rate was significantly faster than that of other entities. The export growth in the first quarter was 12.6%, and the contribution to export growth was 50.8. %, driving exports increased by 3.8 percentage points. Exports of foreign-invested enterprises increased by 6.9%, and exports of state-owned enterprises fell by 0.1%. Affected by this, general trade growth is also faster than processing trade. General trade import and export increased by 8.1%, of which exports were 7.9% and imports were 8.2%. Import and export of processing trade increased by 4.4%, of which 6.3% was exported and only 1.2% was imported.

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