Exporters come to terms with global slowdown

With the combined effect of the slowing global economy and weakening demand in major markets, China's rapid rise in foreign trade may taper off.

The worsening situation in the international market could add more uncertainties to the country's export and import businesses. In particular, the export growth rate is expected to moderate and is set for a gradual decline in the near future.

In the first eight months of this year, China's exports were up 22.4 percent year-on-year to $937.7 billion, down from 25.7 percent in 2007. Imports jumped 30 percent to $785.7 billion, accelerating 10.4 percent year-on-year.