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The stability and quality improvement of foreign trade can be expected

August 17, 2022

In general, China's foreign trade in the first seven months has been more resilient to withstand the "stress test", laying a solid foundation for the stability and improvement of foreign trade throughout the year. As the adjustment of macroeconomic policies continues to increase, the implementation of a package of policies and measures has been accelerated, the major economic indicators in my country have improved marginally, and the overall recovery of the national economy has accelerated. A stable and reliable industrial chain and supply chain, a huge market and domestic demand, and new growth drivers driven by innovation... China's economy has strong resilience, ample potential, and the fundamentals of long-term improvement have not changed, providing a good environment for the development of foreign trade. .

  The latest data released by the General Administration of Customs shows that in the first seven months of this year, the total value of my country's import and export of goods trade was 23.6 trillion yuan, an increase of 10.4% over the same period last year. Among them, exports were 13.37 trillion yuan, a year-on-year increase of 14.7%; imports were 10.23 trillion yuan, a year-on-year increase of 5.3%; trade surplus was 3.14 trillion yuan, an increase of 62.1%. Since the beginning of this year, in the face of the complex and volatile international environment, my country has effectively coordinated epidemic prevention and control and economic and social development, and foreign trade has overcome many adverse effects and achieved rapid growth.

   Stabilizing foreign trade and foreign investment is related to the overall economic situation and employment situation. Especially in the context of a more complex and severe international environment and unexpected unexpected factors, stabilizing foreign trade has become an important support for my country's stable growth. From April, the growth rate of foreign trade dropped to 0.1%, and rebounded rapidly in May and June, reaching 9.5% and 14.3% respectively. The "V"-shaped repair curve in the first half of the year showed the strong development resilience of my country's foreign trade. From the cumulative growth rate, the first seven months increased by 10.4% year-on-year; from the monthly perspective, July increased by 16.6% year-on-year. Comparing a number of data, it is not difficult to find that the growth rate of foreign trade in July continued the good trend of continuous recovery before. The growth rate has continued to pick up, and foreign trade has continued to improve, indicating that my country's foreign trade has withstood the pressure and gradually returned to the development trend of strong strength and resilience.

  The opening door will continue to expand, and the space for foreign trade cooperation will be expanded. Expanding openness and integration and achieving win-win cooperation are an important magic weapon for China to stabilize foreign trade and foreign investment. From the implementation of the new version of the negative list for foreign investment access in the whole country and the pilot free trade zone, to further relax the market access of foreign capital; to the successful holding of the African Good Internet Shopping Festival, buy in the BRICS and other activities; to the implementation of the "Foreign Investment Law" law enforcement inspection, urging the implementation of National treatment for foreign-funded enterprises... Since the beginning of this year, facing a more severe and complex external environment, China has expanded its high-level opening to the outside world, promoted the steady development of foreign trade and foreign investment, stabilized scale, improved quality, and promoted innovation, continued to release policy dividends, and continued to expand foreign trade and economic cooperation. Co-working space.

   In the first seven months, my country's imports and exports to major trading partners such as ASEAN, the European Union, the United States and South Korea have maintained growth momentum. Since the Regional Comprehensive Economic Partnership (RCEP) came into effect this year, trade dividends have continued to be released. During the same period, my country’s imports and exports with countries along the “Belt and Road” and RCEP member countries increased by 19.8% and 7.5% respectively, further deepening regional economic interconnection and trade and investment cooperation, and providing new momentum for regional economic recovery and development.

From the expansion of the market for hats and glasses, to the export of pine mushrooms and honey pomelo, to the sales of sweeping robots and solar cells overseas... The effective stimulation of the vitality of foreign trade entities is also regarded as an important reason for the continued recovery of foreign trade growth. . Since the beginning of this year, in order to help foreign trade enterprises solve problems such as poor logistics, low efficiency of tax rebates and customs clearance, backlog of orders, and financial difficulties, the state has successively issued the "Opinions on Promoting the Stability and Quality Improvement of Foreign Trade" and "A package of policy measures to stabilize the economy." " and other measures to stabilize foreign trade, focus on stabilizing the industrial chain and supply chain, and help foreign trade enterprises to maintain orders, maintain the market, and maintain confidence.

   At the same time, relevant arrangements have been made in expanding the import of high-quality products, maintaining the stability of the international industrial chain and supply chain, and studying the phased reduction and exemption of port-related charges, to further support and solve problems such as convenience for foreign-funded enterprises to do business in China. Policies and measures such as tax reduction and fee reduction, strengthening financial support, and continuous optimization of the business environment continued to exert force. In particular, the effect of the policy of making cross-cycle adjustments and supporting small, medium and micro foreign trade enterprises continued to show, which further stimulated the vitality of foreign trade market players. In the first seven months, the number of foreign trade enterprises with actual import and export performance in my country increased by 5.8% year-on-year, of which the import and export of private enterprises increased by 15.3%, accounting for 50% of my country's total foreign trade value, continuing to play the role of the "main force" of foreign trade.

  At present, the development of my country's foreign trade is still facing some unstable and uncertain factors, and there is still a lot of pressure to maintain stability and improve quality. But on the whole, China's foreign trade in the first seven months was more resilient to withstand the "stress test", laying a solid foundation for the stability and improvement of foreign trade throughout the year. As the adjustment of macroeconomic policies continues to increase, the implementation of a package of policies and measures has been accelerated, the major economic indicators in my country have improved marginally, and the overall recovery of the national economy has accelerated. A stable and reliable industrial chain and supply chain, a huge market and domestic demand, and new growth drivers driven by innovation... China's economy has strong resilience, ample potential, and the fundamentals of long-term improvement have not changed, providing a good environment for the development of foreign trade. .

   It is conceivable that with the accelerated implementation of a series of national policies and measures to stabilize the economy, the further smooth flow of foreign trade logistics, and the further acceleration of enterprises’ resumption of work and production, my country’s foreign trade import and export is expected to continue to maintain a stable growth momentum.

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