Industrial products to break the wave of

November 24, 2022

As an important symbol of the continued transformation and upgrading of China's export product structure, the proportion of exports of electromechanical products has continued to rise in recent years. Recently, including electromechanical products, Light Industrial Products and other industrial products to accelerate the "sea" again to welcome policy benefits - the Ministry of Industry and three departments recently issued a joint "on consolidating the rebound to strengthen the industrial economy to the good momentum of the notice", to stabilize the export of industrial products for a Detailed deployment, from the establishment of service protection system, improve transport efficiency, increase credit insurance, support the development of new industries and other aspects.

Industry sources pointed out that the introduction of the "Notice" is conducive to further stimulate the export potential of industrial products, to speed up the international competitiveness of industrial enterprises, for a stable recovery of the industrial economy "to boost" to promote the stability of foreign trade in quality.

Release the export potential of industrial products

"Now we can receive 40 to 50 standard containers of new energy car export orders each month, that is, each month can export 120 to 150 cars." Recently, a freight forwarding company staff in Shanghai said that China's new energy vehicles overseas demand has increased greatly, the original ro-ro ship transport has been unable to meet the demand for capacity, and now the business is still very busy with containers instead.

From a national perspective, data released by the China Association of Automobile Manufacturers show that in October, Chinese auto companies exported 337,000 units, a record high, up 46% year-on-year. In the first 10 months, Chinese auto companies exported a total of 2.456 million units, up 54.1 percent year-on-year. At present, China's auto exports have surpassed Germany, becoming the world's second largest auto exporter after Japan.

While some industries have made great development, the industry also noted that the overall growth rate of the domestic industry is facing some downward pressure, the introduction of the "Notice" released a signal to stabilize the development of the industry and further stimulate the export potential of industrial products. Liu Xingguo, director of the Enterprise Research Department of the China Enterprise Confederation, said in an interview with the International Business Daily reporter, the country attaches great importance to the export of industrial products based on two main reasons: First, the growth rate of domestic industrial products production slowdown. Although industrial production since May basically maintained a shock rebound trend, September industrial value added above the size of the year-on-year growth rate once rebounded to 6%. 3%, but in October industrial growth rate fell back significantly. Second, since June this year, the value of export delivery of industrial enterprises fell back. Data released by the National Bureau of Statistics show that the value of export delivery of industrial enterprises from June to October fell from 1.41 trillion yuan to 1.31 trillion yuan, the year-on-year nominal growth rate fell from 15.1% to 2.5%.

"Industrial production is facing the dilemma of weak international demand and sluggish domestic production growth, and measures are needed to boost export growth and pull industrial production to accelerate recovery." Liu Xingguo said.

All links to pay close attention to policy implementation

Specifically, "Notice" proposed to protect the stability of the foreign trade industry chain, around the service protection system to guide the establishment of key foreign trade enterprises, timely resolution of foreign trade enterprises in production, logistics, labor and other aspects of the difficulties. To protect the aspects; improve the efficiency of port consolidation and domestic transport, to ensure rapid transit of import and export goods; further increase the support of export credit insurance, grasp the foreign trade credit put; accelerate the promotion of new energy vehicles and power batteries through the China-Europe train transport; support the development of cross-border e-commerce, overseas warehouse and other foreign trade new business. Promote the active use of foreign trade and economic development special funds and other existing channels to support small and medium-sized enterprises to participate in overseas exhibitions to expand orders. Run the 132nd Canton Fair online exhibition, expand the scope of exhibitors, extend the online display time, and further improve the effectiveness of transactions.

"Overseas high inflation, tightening monetary policy on the suppression of demand gradually emerged, coupled with China's high export base last year, affecting the year-on-year growth rate of industrial exports in October. But from the absolute value of exports, foreign trade growth is still resilient." Everbright Bank Financial Markets Department macro researcher Zhou Maohua said in an interview with the International Business Times, with the domestic anti-epidemic policy adjustment, stable supply and price, help enterprises to solve the problem of policy continues to promote, industrial enterprise production will be further restored. At this time the introduction of policy measures to stabilize industrial exports, focusing on the provision of services to protect

In Liu Xingguo's view, the current growth of China's industrial exports need to actively deal with three pressures: First, individual countries to promote the supply chain of the industrial chain "to China", to a certain extent, cut the demand for Chinese industrial products. Secondly, with the international epidemic situation and the adjustment of prevention and control policies, industrial production in emerging economies to speed up the recovery, external competitive pressure. Third, China's industrial products export base is large, continue to achieve faster growth has become more difficult.

To this end, Liu Xingguo suggested that the stabilization of industrial exports from five aspects of efforts, pay close attention to policy implementation: First, to encourage more industrial production enterprises to innovate trade methods, and actively explore international markets. Second, adhere to innovation to promote enterprise development, and constantly through technological innovation, product innovation, management innovation to enhance export competitiveness. Third, continue to deepen the reform, improve the level of export enterprises in all aspects of facilitation, the implementation of affordable price policy, reduce the cost of export trade comprehensive cost, better stimulate the development of export trade enterprise momentum and vitality. Fourth, build and operate a good export trade platform, and carefully run export trade fairs. Fifth, do a good job of export trade services and security, to provide financing support for export enterprises, coordination to solve the problem of international and domestic logistics blocked.

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