The global trade slowdown threats Chinese and Japanese economic growth

British "Financial Times" sites reported on November 25th, in recent months, the World Trade recovery is weak, people worried about the export-dependent economy will lose momentum.

An index published on 24th showed that, the global merchandise trade growth slowed to 0.9% in the third quarter, which is the smallest increase since a sharp decline in global trade from the second quarter of 2009.

Economic Policy Institute compiled by the Netherlands of this index, in September of this year, imports of developed and developing countries have declined. Only Latin America and Eastern Europe over the same period in areas such as export growth.

The report said: "Since January (trade growth) of 6.2% since the momentum is waning. The third-quarter figures from the first time since July 2009 is lower than the long-term average."

Late 2008 and early 2009, trade fell sharply, people are worried about the long-term harm to the global trading system and return to economic isolationism.

Economists concluded that the rapid decline in demand, not the long-standing structural problems, the main reason is the sharp decline in trade volume. In addition, the trade financing costs may also limit the trade.

Although the end of last year and early this strong recovery of world trade, but has not recovered the most serious global economic recession during the ground. 24, figures released showed that global trade growth may start again lower than the long-term growth.

U.S. consulting firm Capital Economics chief international economist Julian Jessop said the purchasing managers index for the past two monthswholesale electronics, strong, suggesting that trade may regain some momentum. He said: "Although I was not too worried that there will be second bottom of world trade, but the recovery in global demand will undoubtedly bring the initial bounce is fading."

Jessop believes that trade growth slowed down a threat to Japan and China and other countrieschina electronics, because the recovery of these countries to a large extent dependent on exports.

He pointed out that Japan's third-quarter net trade on GDP growth is no contribution, "From now on, they will have to pay more attention to stimulating domestic demand."

Over the past two years, a substantial decline in the demand for imports is seriously affected, current account imbalances narrowed. However, as the global economic recovery, economists believe that this imbalance may be re-expanded.

24, World Trade Organization Director General Pascal Lamy said many countries as possible in the import policy is not protectionismglobal trade, but in the past few months, global imbalances, protectionist pressures have increased due. This occurred in the "open trade and investments to support the political consensus for high unemployment in many countries in trouble on the occasion."