According to the latest report released by Dongxing Securities, seeing from China trade data in October, the export structure of Chinese commodity is improving.

The agency said that in this October, the export growth of China reached 11.6%, maintaining a high level. Total export to US and EU accounted for 33% of gross export in October. The import increased 4.6% than the same period last year, declining by 2.4% from September.

Import conditions of processing trade and general trade are weakening, revealing lower domestic demand and growing concerns for slowing down of economic growth.

Export structure gained obvious improvement. Export of mechanical and electrical products and high-tech products with high technical content and added value products increased.

Dongxing Securities expressed that export trade to European and American markets have been large improved. Export to US in recent six months present uptrend and keep double digit growth in EU in four months.

The agency advised that foreign trade enterprises shall export new modes for foreign trade and investment , further expanding opening to the world.

China’s President Xi Jinping has pledged $40 billion to a new Silk Road fund for investing in infrastructure, resources and industrial and financial cooperation across Asia.

Chinese diplomats have also been busy promoting a new Asian Infrastructure Investment Bank, promising to provide half of its $50 billion start-up capital, to help build ports, roads, power projects and other desperately needed infrastructure across the region.

China also announced to establish State-level PPP financial center, which can help solve large foreign reserves and overcapacity of Chinese economy, noted Dongxing Securities.