On September 7, statistics released by the General Administration of Customs showed that the total value of China's import and export in the first eight months of this year was 27.3 trillion yuan, up 10 percent from the same period last year.1%, continue to maintain a growth rate of more than 10%, but the growth rate narrowed to 0.Three percentage points。
Interviewed analysts believe that the foreign trade data in August shows that China's foreign trade has maintained stable growth, while the growth pressure is also increasing, especially the contraction of external demand and foreign inflation on China's foreign trade is accelerating the impact of the next step to stabilize foreign trade needs to take more effective measures to help the third quarter economic stability recovery。
Facing pressure and challenges，Li Fei, assistant minister of Commerce, introduced the policy at the regular briefing of The State Council on September 5，The Ministry of Commerce will take multiple measures to stabilize foreign trade，Specifically, it will accelerate the development of new business forms and models such as cross-border e-commerce and market procurement trade methods，We will actively support the export of key products such as new energy vehicles，Unimpeded foreign trade enterprises grasp the order channels，Provide more convenience for enterprises to participate in the exhibition and negotiate，Help enterprises improve their ability to cope with risks such as exchange rate。
Bright spots of growth are becoming more obvious
The value of China's import and export in August was 3.71 trillion yuan, an increase of 8.6%。Among them, exit 2.12 trillion yuan, an increase of 11.8%；进口1.59 trillion yuan, an increase of 4.6%。In the first eight months, the growth rate of imports and exports was 10%.1%。Among them, exit 15.48 trillion yuan, an increase of 14.2%；进口11.82 trillion yuan, an increase of 5.2%。
Li Kuiwen, director of the Statistical Analysis Department of the General Administration of Customs, said that since the beginning of this year, in the face of a complex and severe foreign trade development environment, China has effectively coordinated epidemic prevention and control and economic and social development, continued to introduce a series of policies to stabilize foreign trade, promote foreign trade to stabilize the market, expand advantages, and increase vitality, and imports and exports have achieved stable growth in the first eight months。
Xia Rongbing, assistant researcher of the Foreign Trade Research Institute of the Ministry of Commerce, said in an interview with the International Business Daily reporter that the stable growth of foreign trade in the first eight months shows that the stability of foreign trade policy in the early stage has taken effect, and the tenacity of foreign trade growth is further demonstrated。Specifically, in the context of shrinking overseas demand and increasing inflationary pressure, the growth of foreign trade is greatly affected by price factors, and also benefits from factors such as the depreciation of the renminbi。
In the first eight months of this year, in addition to the steady growth of foreign trade imports and exports, the bright spots have become more obvious, and the structure has been further optimized。From the perspective of trade structure, China's general trade import and export increased by 14.1%, accounting for 64% of total foreign trade.3%, up 2% from the same period last year.Three percentage points;From the perspective of market structure, China's total imports and exports to countries along the "Belt and Road" increased by 20 percent year-on-year.2%, driving the overall import and export growth of 6.The total value of China's trade with ASEAN, its largest trading partner, increased by 14% year-on-year, accounting for 15% of China's total foreign trade.From the perspective of market players, the total import and export value of private enterprises increased by 14.9%, accounting for more than half of the total value of China's foreign trade, up to 50%.1%, the total value of imports and exports of state-owned enterprises increased by 15%.1%, accounting for 16% of China's total foreign trade.1%;From the perspective of product structure, the total volume of automobile exports increased by 57 percent year-on-year.Exports of labor-intensive products increased by 14 percent year-on-year.1%。
To maintain stability and improve quality, we still need to strengthen
"In the third and fourth quarters, stable foreign trade is still not lax, and stability is the top priority of foreign trade policy.。Xia Rongbing said that from the January to August import and export key commodity volume price table released by the General Administration of Customs, the basic characteristics of the main imported goods are that the number of year-on-year decline but the amount of year-on-year increase, or the number of year-on-year decline greater than the amount of decline, the main export products are basically in line with this feature。"This shows that global inflation has been relatively serious, and also shows that the growth of foreign trade in the first eight months has been greatly affected by price factors, and the pull of actual demand on foreign trade growth has weakened.。”
In addition, Xia Rongbing analysis, from the main export products in July and August, the international market demand in consumer products and industrial raw material products showed a "double drop", which indicates that the global may face the risk of synchronous economic recession has gradually emerged, and will bring greater pressure to the steady growth of China's foreign trade。
Wang Jianhui, a senior industrial economic researcher, said in an interview with a reporter from the International Business Daily that, affected by the frequent occurrence of the epidemic, domestic production links and circulation links are facing increased pressure, while foreign countries are affected by soaring energy prices, regional instability and other factors that curb demand growth。The combination of internal and external problems makes the foreign trade situation more severe, and it still needs to make hard efforts to achieve stable growth of foreign trade throughout the year。
In terms of stabilizing foreign trade policy，Summer melt ice thinks，The state has introduced a series of policy measures to stabilize foreign trade，All localities are paying close attention to the implementation of policies and measures at the same time，We should focus on two aspects: First, private enterprises have accounted for 60% of China's total export value，In-depth research should be conducted in all localities，To understand and solve the practical difficulties faced by smes in foreign trade operation in a timely manner;Second, processing trade plays an important role in creating jobs and promoting domestic demand growth，Relevant localities should prevent a rapid decline in processing trade。
Wang Jianhui said that there are many factors that determine the growth of foreign trade, and it is recommended to stabilize foreign trade from the overall situation, from the epidemic prevention and control, the entire economic activities and production, logistics and other links to ensure the stable and smooth operation of all aspects of foreign trade development。At the same time, stable foreign trade growth also needs to have full foresight。
(Source: International Business Daily)