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2022 China's economic observation of foreign trade

December 12, 2022

The latest foreign trade "report card" shows that in the first 11 months of this year, China's total import and export value of trade in goods 38.34 trillion yuan, an increase of 8.6% over the same period last year, indicating that China's foreign trade to withstand multiple pressures, maintaining stable operation.

Since this year, in the face of the complex and severe situation at home and abroad, China's efficient coordination of epidemic prevention and control and economic and social development, stable economic package policy effects continue to release, effectively promote the stability of foreign trade, expand the advantages, increase the vitality of the national economy to make a positive contribution to the recovery.

Policy continues to strengthen, the foreign trade situation is stable and progressive

Visit customers, negotiate orders, participate in exhibitions ...... recently, with the domestic epidemic prevention and control measures continue to optimize the adjustment, Zhejiang, Jiangsu, Sichuan, Guangdong and other foreign trade heavyweight enterprises in the government organization, rushed to Europe, Japan, Indonesia, the United Arab Emirates and other places to expand the market, looking for business opportunities.

At present, China's foreign trade development uncertainty, instability factors are still more. Government departments take the initiative to lead enterprises to "go to sea" to meet business, releasing a positive signal to increase support for foreign trade.

Since this year, the global epidemic delayed ups and downs, geopolitical tensions, comprehensive costs continue to increase and other multiple challenges have affected the foreign trade enthusiasm and activity of some of China's enterprises, foreign trade supply chain was once seriously hampered. In this regard, the Party Central Committee, the State Council attaches great importance to the deployment of a number of rounds of foreign trade stabilization policies.

In April, to further increase export tax rebate support; May, proposed 13 policy measures to help foreign trade enterprises to grasp orders, expand the market, stable industrial chain supply chain; September, from strengthening the prevention of disease, energy, labor, logistics and other aspects continue to strengthen; December, the CPC Central Committee Political Bureau meeting proposed "to promote a high level of openness to the outside world, greater efforts to attract and use foreign investment "......

In response to the painful and difficult points of enterprises, all over the world also frequently come up with practical new tricks. Shanghai launched a public service platform for technical trade measures to help industry enterprises to fully understand and respond to foreign technical trade measures, to help enterprises better develop overseas markets; Zhejiang proposed to increase international maritime logistics relief efforts to enhance credit insurance support; Guangdong encourages places to increase support for overseas marketing, procurement in Guangdong, overseas investment and other cross-border economic and trade activities... ...

Thanks to a series of policies "combination of fists" to the ground to take effect, China's foreign trade to withstand the pressure: from a smooth start of 10.7% in the first quarter, to May and June to quickly reverse the trend of decline in foreign trade growth in April, the first half of the year to achieve faster growth of 9.4%, and then the first 11 months to maintain a steady forward, import and export scale, quality, efficiency and synchronization. Upgrade.

"It should be seen that the development of China's foreign trade still has strong support, foreign trade industry foundation is good, corporate compliance, innovation capacity continues to enhance." The Ministry of Commerce spokesman Shuang Jue Ting said, with the stabilization of foreign trade policy effects continue to release, the frequency of international flights increased significantly, China's foreign trade operation will continue to remain in a reasonable range.

Excellent structure and strong strength, broaden the space for foreign trade development

The Party's 20th National Congress report clearly proposed to "accelerate the construction of a strong trade country". As one of the important subjects of stable foreign trade and strong foreign trade, private enterprises in the first 11 months of the combined import and export growth of 13.6%, accounting for 50.6% of the total value of China's foreign trade in the same period.

Professor Zhuang Rui of the University of International Business and Economics said, under the multiple challenges of weakening external demand, exchange rate fluctuations, increased risk, private enterprises give full play to the advantages of high business flexibility, market adaptability, etc., and continue to expand the market, transformation and upgrading, showing the foreign trade "tough strength".

In Germany to launch new pure electric truck products, in Chile signed an order for 1,022 electric buses ...... this year, Foton Motor, a subsidiary of BAIC Group, accelerated the transformation to new energy direction, overseas market share continues to improve, and high-quality products into the European market. As of October this year, Foton's overseas export sales increased by 50.2% year-on-year.

The increase in exports of high-tech products has become a major highlight of the development of high quality foreign trade, including new energy and other segments of the growth is particularly obvious. Customs data show that in the first 11 months, China's electric passenger cars, lithium batteries, solar cells and other products exports grew by 128%, 86.6%, 74.3%, foreign trade structure to further upgrade and optimize.

The expanding "circle of friends" also stimulates the growth potential of foreign trade. The first 11 months, in the ASEAN, the EU, the United States, South Korea and other major trading partners to maintain good economic and trade relations at the same time, China actively explore Africa, Latin America and other emerging markets, and the "Belt and Road" along the countries and Regional Comprehensive Economic Partnership Agreement (RCEP) member countries, import and export growth of 20.4% and 7.9 %.

Zhuang Rui said, despite the current economic globalization encountered counter-current, but China is determined to promote a high level of opening up to the outside world, continue to deepen economic and trade exchanges with old and new friends, improve the quality and level of trade and investment cooperation, promote the regional value chain and the global value chain reshaping and restructuring, for the high-quality development of foreign trade to build more platforms, open up more areas.

New model and new dynamics to enhance international competitiveness

Recently, with the arrival of the domestic "Double 12" e-commerce promotion festival, Qingdao West Coast New Area Bonded Logistics Center was busy. Batches of bonded goods are waiting on the assembly line for sorting, packing, labeling and shipping.

"We are mainly engaged in cross-border e-commerce business, covering beauty and skin care, personal care and cleaning, health care products, mother and child products and other commodities, and open live with goods, online plus offline joint efforts." Ltd. said that the company's cross-border e-commerce sales reached 270 million yuan this year, and is now actively preparing goods for the "Double 12" promotion.

Qingdao West Coast New Area Bonded Logistics Center is the first industrial park featuring cross-border e-commerce in Shandong Province. In the first 11 months, the center's cross-border e-commerce import and export trade volume reached 2.3 billion yuan, an increase of 25%.

This year, especially since the fourth quarter, the lack of foreign demand has become a prominent challenge to stabilize foreign trade. Zhuang Rui believes that China's enterprises should actively cultivate "internal strength", by improving product quality, strengthening technological innovation, broadening trade channels and other ways to continuously enhance the ability to resist risks and effectively enhance their international competitiveness.

The foundation of foreign trade development in the industry. Since this year, the comprehensive pilot zone of cross-border e-commerce, market procurement trade mode pilot, the national import trade promotion innovation demonstration zone to expand again, encourage financial institutions to actively innovate trade finance products, the introduction of further support for the development of cross-border e-commerce overseas warehouse policy measures ...... China's foreign trade in the system, policy, industry and mode of sustained Innovation, to provide new opportunities for more small and medium-sized enterprises, but also to inject new momentum for global trade and investment.

Zhuang Rui said, China's foreign trade new industry and new models to accelerate the development of the pilot free trade zone and other institutional innovations emerged, both in line with the development trend of the new era and market demand, but also has great potential for development and space, which will help the quality development of foreign trade to further advance in an orderly manner.


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