In July, Foreign Trade In Clothing Industry Has Been Warmer. In August, The Policy Of Promoting Foreign Trade Needs To Be Implemented.

< p > analysts said that the rebound in foreign trade data in July was related to the lower base last year, the improvement of external data and the promotion of foreign trade policies.

In the coming period, the policy of promoting foreign trade will also be implemented and fermented continuously, which will play a supporting role in the improvement of foreign trade.

However, it is important to note that in view of the current trend of frequent trade frictions and protectionism in the world, the environment for China's foreign trade development is still complex, and challenges and pressures are still greater.

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< p > the main trading partners are getting better. < /p >

The rebound of foreign trade data in P < July is not related to the low base in the same period last year.

Reporters noted that in July last year, China's foreign trade peak season was not strong, import and export growth rate was significantly lower than market expectations, exports and imports grew by 1.6% and 1.2% over the same period last year.

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< p > in addition to the cardinal factors, Liu Ligang, chief economist of the Greater China region of the ANZ bank, said that the liquidity tension had been significantly relieved in July, which also helped the trading enterprises get greater support in credit.

At the same time, there has been a marked improvement in recent US and European data.

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In the bilateral trade with major trading partners, in July, trade between China and the European Union, the United States and ASEAN improved significantly compared with last month, except for the decline in trade with Japan. P

Bilateral trade between China and Europe amounted to US $50 billion 330 million, an increase of 5%.

Sino US bilateral trade totaled 44 billion 310 million US dollars, an increase of 10%.

The total value of bilateral trade between China and ASEAN is 37 billion 170 million US dollars, an increase of 13.1%.

Over the same period, bilateral trade between the mainland and Hongkong amounted to US $29 billion 280 million, an increase of 2.8%.

Sino Japanese bilateral trade totaled 27 billion 80 million US dollars, down 6.1%.

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In the export commodities, the export of mechanical and electrical products has increased steadily, and the export of some traditional labor intensive products has been growing well in P.

In July, China's mechanical and electrical products exported 102 billion 850 million US dollars, an increase of 4%.

In the same period, < a href= "//www.sjfzxm.com/" target= "_blank" > clothing < /a > exports $18 billion 100 million, an increase of 13.9%; < a href= "//www.sjfzxm.com/" target= "_blank" > textile > //www.sjfzxm.com/ > 9 billion 580 million US dollars, an increase of 19.7%.

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< p > import value data show that iron ore imports increased by 26.4%, up from 6.8% last month, and crude oil imports increased by 19.6% over the same period last year, which is also higher than last month's 2.1%.

Copper imports grew by 12% over the same period last month, up from 9.7% last month.

Soybean imports also increased by 22.7%, slightly lower than last month's 23.3%.

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< p > the effect of foreign trade policy will continue to release < /p >

In the 5 and June of this year, foreign trade data continued to be cold, especially for the first time negative growth in 16 months in June. Under this situation, the executive meeting of the State Council has studied and determined measures to promote trade facilitation and promote stable development of imports and exports.

Since then, the general office of the State Council has issued a number of opinions on promoting steady growth and structural adjustment of imports and exports, and launched 12 measures to effectively lighten the burden of foreign trade enterprises.

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< p > the measures currently being implemented include: exempting the export inspection fee from the end of August 1st to the end of 5 months, the customs speed up customs clearance, and financial institutions cooperate with foreign trade enterprises in financing.

At the same time, AQSIQ no longer implements export inspection for 1507 commodities.

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< p > analysts say that the main focus of the policy is on promoting trade facilitation measures and reducing the cost of export enterprises.

In the short term, the policy will give support to the difficult foreign trade enterprises, give China's foreign trade enterprises pformation and upgrading, and open up the market space, especially giving small and medium-sized enterprises more breathing opportunities to adapt to the foreign trade environment.

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< p > in the longer term, the policy effect of promoting foreign trade will continue to be released.

Lian Ping, chief economist at Bank of Communications (3.85,0.01,0.26%), said that in the background of China's import and export growth both fell into negative growth last month, at the end of 7, the Executive Council of the State Council promptly introduced a package of trade promotion policies including credit support and export tax rebates, which is expected to have a positive effect on exports in the future.

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Gao Hucheng, Minister of Commerce, also said recently that from the current situation, despite the difficulties and pressures facing the next few months, P is confident that it will complete its foreign trade development goals for the whole year.

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< p > however, it is important to note that in view of the current trend of frequent trade frictions and protectionism in the world, the environment for China's foreign trade development is still complex, and challenges and pressures are still greater.

Lian Ping said that annual export growth is expected to be slightly higher than the previous year, but the possibility of a sharp rise is unlikely.

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