A similar measure for more than 3,000 products affected by the slowdown in external demand had been taken three weeks earlier. These first measures announced on October 21 and entered into force on 1 November had included toys, while according to official statistics, more than half of the exporters of toys (53%) have put the key under the door during the first seven months of the year.
The announcement comes after the publication of statistics on Chinese foreign trade, pointing to a deceleration of Chinese exports.
In October, they nonetheless still required, to 19.2% in one year, after 21.5% in September (21.9% since the beginning of the year).
The same month, China has recorded a new record trade surplus of 35.24 billion dollars (+29.9% yoy) on a slowdown of imports.
Beijing is concerned now of the impact of international economic crisis and a falling demand of Western nations, its economy highly dependent on exports. The authorities have already assigned to the international situation slower growth, fell to 9% in the third quarter, its lowest quarterly level in five years.
Analysts estimate that to maintain the current level of employment growth in gross domestic product of China can not be less than 8% or more. Note also that announcements of plant closures in the south and east of the country manufacturers have multiplied in recent weeks.
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