In order to rein in the ex-cessively rapid growth in export and the widening trade surplus, the Chinese government has made a series of measures,such as the adjustment in export rebate andtariff upon some products, the change in theprocessing trade policies, and the amendmentin former export-encouraging regulations.
These measures have helped put a clamp onthe export of some resource dependent productswith high energy consumption and high pollu-tion to some extent. Since June, the governmenthas adjusted its foreign trade policies, includingadding export tariff, canceling or lowering theexport rebate, restricting more processing trade.As a result, China's export growth began toslow down while its import growth kept stableand tended to go up in August. The macro-control of foreign trade has started to pay off.
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