However, the global market is no longer able to absorb China’s massive exports, not to mention the immediate impact of economic malaise in Europe and the United States on export demand. Moreover, rising labor costs and a stronger renminbi will also undermine China’s export sector, causing GDP growth to slow this year.
过去30年来，国际贸易在中国的经济发展中扮演着关键角色。但是，全球市场已经无法吸收中国庞大的出口了，何况欧洲和美国的经济低迷立刻会对出口需求形成冲击。此外，劳动成本的增加和人民币升值也将不利于中国出口部门，造成今年GDP增速放缓。