Compared with 2.4 percentage points in the nine months last year, goods and services trade contributed 1.2 percentage points to the country’s 9.9 percent GDP growth, said NBS spokesman Liu Xiaochao in a press conference yesterday.

Since last year, a large number of domestic exporters have gone bankrupt because the world economic slowdown, the appreciation of yuan, rising costs as well as tightened credit. The export growth of China in the first nine months dropped 4.8 percentage points year-on-year. Analysts said this slow growth will not only affect the Chinese economic, but also its neighboring economics. “With export orders declining, China will reduce its imports… This will create an impact on the rest of the Asian-Pacific region,” said Sherman Chan, researcher with Moody’s Economy.com

For instance, Australia man face a dramatically slowdown in resource exports, which is its major growth engine in recent years. Japan, South Korea, and the electronic-specializing Association in South Asia will feel the pressure of economy, too.

“The end of China’s dream run will mark the end of Asia Pacific boom,” Chan said.

The state Council has promised to raise the export rebate for textile, apparel and mechanical and electrical equipment exporters to stabilize the trade growth. According to Li Mingxu, it has been much clearer for the policy direction and the government will support the low-end manufacturing sectors if their profit margins are low. However, China’s trade growth would probably drop further at least in the first half of next year in spite of the help from government, according to Liu Jian, researcher with the Chinese Academy of International Trade and Economic Cooperation, which is affiliated to the Ministry of Commerce.

Many economists and international agencies have forecast that the US and European economies would only get out of the crisis in the second half of next year. Past experience tells us that government support is limited to such a situation. That is why the actual improvement of external environment is important to the economy, Li Jian said.

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The overseas Chinese birth or decent were high praised at a lately gathering in memory of the 30th anniversary of China’s reform and opening up to the outside world, for their deep love of their motherland.

Between 1978 and 1995, 60% of the 13,600 approved foreign invested projects and 56% of the drawn 34.27 billion yuan foreign direct capital were from overseas Chinese and patriotic personages from Hong Kong and Macao.

Yang Xiaodu, head of the United Front Work Department of Shanghai, said during his statement on the forum,”During the past 30 years, overseas Chinese, returned compatriots and their families showed their great and profound love for their hometown and their motherland.”

He said that overseas Chinese’s stories will be engraved into history for their contribution to the opening up and reform, to the establishment of a friendly international environment and to the country’s social development.

From 1990, overseas Chinese and Hong Kong and Macao compatriots made more than 2,000 donations, worth 2 billion yuan, mainly in the fields of culture, education, healthcare and other public welfare.

According to statistics, after the magnitude-8 Sichuan earthquake, Chinese ethnicities has generously donated up to 300 million yuan in cash or relief materials for the stricken areas via Shanghai.

Apparently overseas Chinese are also very interested in the approaching 2010 Shanghai World Expo.

80 delegations from All-China Federation of Returned Overseas Chinese visited the Bureau of Shanghai World Expo Coordination to get update information on the event.

During the forum, representatives of overseas Chinese talked about the dramatic changes they saw and their own experience in China.

Yue-Sai Kan, an international television star and exceedingly successful businesswoman expressed her marvel at China’s social change and her cherish of the sincerity and purity people had three decades ago.

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