On the Impact of the East Asian Financial Crisis on Our Foreign-Trade Enterprises' Export Trade

Recently, our institute, in conjunction with the Development Division of the Ministry of Foreign Trade and Economic Cooperation (MOFTEC), organized its staff to conduct a survey of foreign-trade, industrial-trade, and foreign-funded enterprises. The subjects of this study comprised 1,400 enterprises specializing in foreign trade, the largest 500 enterprises in China in which foreign capitalists have made investments, and 100 enterprises that conduct export-import business on their own. The combined total of imports and exports made by these three types of enterprises accounts for more than 80 percent of our country's annual exports and imports. The results of this investigation and study, therefore, to a significant extent reflect the impact that the [Asian] financial crisis has exerted on our country's overall export trade.