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Action! Local CCPITs!



  China Council for the Promotion of International Trade (CCPIT) Zhejiang sub-council visited and researched nearly a hundred companies in 9 cities and 31 counties.It found that the impact of financial crisis is far from over, and still spreading. In January this year, Zhejiang's exports continued to decline with 10.7% down, while imports decreased by 36.8%. At the same time, the decline in the export of pro-cessing trade is greater than the general decline in trade. For a considerable period of time, it is rather difficult to reverse the de-cline in processing trade exports. Exports in major markets like Europe, the United States, Japan and others continued to fall. In January, exports in some of the emerging markets including Russia and the Middle East also began to fall.


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