News analysis: 10 months to complete the entire year of 2019, China’s foreign trade is stable and strengthened

31.67 trillion yuan-this is the “transcript” of my country’s import and export of goods trade in the first 10 months. On a year-on-year basis, it was an increase of 22.2%; looking forward, it was 130 billion yuan higher than the 31.54 trillion yuan in 2019. It can be said that the momentum of foreign trade stability continues to be consolidated.

   “It’s precious!” said Zhuang Rui, a professor at the National Opening-up Research Institute of the University of International Business and Economics. In the face of the complex and changeable economic situation at home and abroad, my country’s foreign trade still maintains a double-digit high growth rate, showing strong resilience.

  In the view of Bai Ming, deputy director of the International Market Research Institute of the Ministry of Commerce, the steady growth of my country’s foreign trade reflects my country’s achievements in epidemic prevention and control, energy supply and stable prices, and effectively avoided the spread of local pressure to the overall situation.

   Behind the difficult results is the pressure that cannot be underestimated. In October, the total value of my country’s imports and exports fell by 5.6% month-on-month, showing that my country’s foreign trade is under pressure.

   Since the beginning of this year, factors such as the adjustment of international supply chains, rising prices of bulk commodities, and high ocean freight rates have continued to squeeze the profits of foreign trade companies. Recently, some parts of the country have been affected by local epidemics and tight energy supply, which has intensified the pressure on foreign trade companies.

“Due to power restrictions, we dare not accept a large number of export orders in October, only about 60% of the previous. Now the electricity consumption situation has improved and we have begun to resume orders.” said Dong Lili, deputy general manager of the marketing center of Zhejiang Wanma Polymer Materials Group Co., Ltd. .

   The reporter learned that in order to cope with the challenge, some foreign trade companies rely on the advantages of the industrial chain to speed up seizing the international market, some companies choose to shift their limited production capacity to domestic demand, and some companies choose to suspend orders and turn to R&D or technological transformation to meet market updates.

   Judging from the recently released October China Manufacturing Purchasing Managers Index (PMI), the new export order index and import index were 46.6% and 47.5%, respectively, which are still in the contraction range, but are 0.4 and 0.7 percentage points higher than in September.

   Moving forward under pressure, where is the motivation?

Bai Ming believes that, on the one hand, the global epidemic is still spreading, and many economies still have a strong demand for Chinese goods during the slow recovery process. China’s complete industrial system will continue to play an important role in maintaining the stability of the global industrial chain; on the other hand, The effect of my country’s foreign trade transformation and upgrading is gradually showing, and it is also an important support for resisting external risks and challenges.

Taking the automobile industry with a long industrial chain as an example, global automobile demand has recovered rapidly, and major automobile countries have a large supply and demand gap due to supply chain interruption. With the improvement of the level of my country’s automobile industry, Chinese automobiles are especially in the field of new energy automobiles. The advantages of the industrial chain have been highlighted.

  Data shows that in the first 10 months, my country’s mechanical and electrical products continued to grow. Among them, exported cars (including chassis) were 179.87 billion yuan, doubled year-on-year. Recently, BYD, Xiaopeng, Weilai and many other self-owned brand new energy models have landed in the European market.

   It is necessary to see not only the industrial chain supply chain risks faced by foreign trade companies, but also the opportunity to restructure the global industrial chain supply chain.

   On Christmas Eve, when people in Europe and the United States worried that they could not receive Christmas gifts in time due to blocked shipping, China-Europe Express was sending out Christmas products from China. According to statistics from the Yiwu Christmas Products Industry Association, with the support of the China-Europe Express, it is expected that the sales of Christmas products this year will increase by more than 20% year-on-year.

“The China-Europe Express Train has not only helped stabilize my country’s foreign trade and become an important force in stabilizing the supply chain of the global industrial chain, but also confirmed the foresight of the’Belt and Road’ initiative.” Zhuang Rui said that my country and the countries along the “Belt and Road” The potential of trade cooperation is continuously being released, becoming a new driving force for the development of my country’s foreign trade. Statistics show that in the first 10 months, my countrys imports and exports to countries along the Belt and Roadincreased by 23%, 0.8 percentage points higher than the overall growth rate of foreign trade.

In the context of the epidemic, customs in many places have helped to develop models such as “train + port”, direct freight charter flights, and international road export transportation business, promote the integrated development of bonded warehousing and multimodal transportation, and develop new cross-border e-commerce and overseas warehouses. The business format has created new kinetic energy and new advantages for the steady growth of foreign trade.

   With the opening of the annual “Double 11″ shopping promotion pre-sale, cross-border e-commerce merchandise exports are heating up. The reporter learned from Hangzhou Customs that since the start of the promotion pre-sale on October 18, as of October 31, the Hangzhou Cross-border E-commerce Comprehensive Pilot Zone Gongshu Park has exported more than 200,000 orders through cross-border e-commerce cargo flights. Exceed the export volume for the entire month of September this year.

   Bai Ming believes that in the long run, to expand high-level opening to the outside world, and to make better use of the two international and domestic markets and two resources, the role of imports should not be underestimated.

   In the past few days, the 4th China International Import Expo is being held in Shanghai. Global companies are here to showcase new products and technologies, open up new markets, and create new opportunities. On the morning of the 5th, only one hour after the opening of the CIIE’s corporate business exhibition, the Shanghai trading group signed $700 million in its “first order”. On the following 6th, a 49 billion yuan “large order” was traded in Henan Province, and “buyer groups” such as Guangxi, Zhejiang and Anhui followed up… As of the 7th, the planned exhibition area for the next CIIE had already exceeded 150,000 square meters.

  Industry insiders pointed out that since we must see the phased factors driving the growth of foreign trade fade away, the growth rate of exports may gradually decline. It should also be noted that my countrys huge market advantages, complete industrial chain advantages, continuously optimized foreign trade structure and continuously upgraded business environment will all provide a steady stream of impetus for the high-quality development of foreign trade. No change.

Post time: Nov-10-2021