According to the Ministry of Commerce, Foreign Trade is expected to grow 10%. In fact, the spokesman for the Chinese ministry Shen Danyang clearly stated that “Feedback of companies and government agencies in China suggest that trade in the month of June is built on the success of May”.

Authorities anticipate that due to the accomplishments of the first part of the year, it is safe to assume that there will be a more substantial advancements regarding International Trade on the second quarter. Reports even show, China’s Fine Chemical Industry solely has achieved a comprehensive improvement of more than 150% from 2000 to 2012. Experts have observed the effective progression of China and the Foreign Trade just by looking at the sales of its marine products which earned $20.629 billion, escalating with 17. 53% to 29.02%.

Month by month, China’s Import and Export rate continues to improve and brings to more positive results to its GDP rate. The Japanese and the United States are also following an upward trend, giving a better probability for an adept international financial state in 2012. In addition to that, there is also an acceleration of 14.54% for the export and import of China’s medical devices which accounts for 33.69% during the first half of the year. The increase in the import of furniture from China also contributed.

In the month of May there was an enhancement of 15.3%, making it the turning point of China’s economic ascension. Identical success manifested with the imports which are continuously growing 12.7% or $162.4 billion in comparison to the 0.3% improvement shown in April.

“China can retain 10 percent Increase for imports and exports as long as the worldwide financial state does not deteriorate” Shen mentioned after several authorities including Lian Ping, Chief Economist of the Bank of Communications estimated that the Foreign Industry will continue to grow. And to make the successive development plausible, the Eurozone must be constant.

Since exports to the European Union also rose to 3.4% in the month of May, it is clearly a big discrepancy from the first five months of the year wherein China’s export turned down to 0.8% compared last year.

“Exports will see constant progression from June to October because about 70% are daily consumer goods which will be in demand as the winter season of Europe enters,” Zhou Shijian, a senior transaction expert from the Tsinghua University commented. Professionals say that the people’s tax rebate could also contribute to its triumph if it will be concentrated to help manage the advancement of the China imports and exports.