The Main Cause Of The Trade Surplus Is Import.

From the data released by the customs, we can see that the competitive advantage of China's labor-intensive products in the international market has been weakened.

In the 2014 foreign trade data, the traditional labor-intensive industries had a significant decline, and textile, luggage, footwear, toys, furniture and other seven types of labor-intensive products exported 2 trillion and 980 billion yuan, an increase of 4%, accounting for only 20.7% of the total import and export value of that year.

In the same period, the export of mechanical and electrical products was 8 trillion and 50 billion yuan, an increase of 2.6%, accounting for 56% of the total value of exports.

"A large part of any external investment is to buy equipment from China.

Now from all aspects of high-speed rail, thermal power and hydropower, Chinese products are

It is the best in the world, which is why some developed countries choose Chinese products in this regard.

Gao Hucheng, Minister of Commerce recently pointed out that China has reached the era of capital export, and foreign investment will be combined with foreign trade.

Equally striking is China's trade surplus of up to 2 trillion and 350 billion yuan in 2014, an increase of 45.9% over the same period last year. Assuming that GDP will be flat this year, the trade surplus will account for 3.6% of GDP this year, which will be higher than the internationally recognized trade balance warning line (3%).

The trade surplus is rising. The main culprit is imports.

Statistics show that in 2014, China exported 14 trillion and 390 billion yuan, an increase of 4.9%, and imports of 12 trillion and 40 billion yuan, down 0.6%.

In 2014, the import of major commodities in China increased.

According to the General Administration of customs, the decline in global commodity prices last year pulled China low.

The value increased by 3.3 percentage points.

Excluding the above price factors, the number of imported goods in China increased by 2.8% last year.

Assuming that commodity prices remained unchanged last year and the number of imported goods increased by 2.8%, the trade surplus of last year will be less than 2 trillion yuan, according to the 2.8% increase in China's import value throughout the year.

The issue has always been the focus of high-level concern.

At the end of 2014, China's State Council also issued special opinions on strengthening imports, aiming at promoting the basic balance of economic structure optimization, import and export and balance of payments.

"From the perspective of simple data size, China's trade surplus created 1 new highs in 2014, but the simple high margin is not the goal pursued by China's foreign trade."

Zheng Yuesheng stressed that China has been paying attention to the balanced, coordinated and sustainable development of foreign trade.

The 1 official of the Ministry of Commerce revealed that the main reason for the growth of foreign trade was less than expected. The Ministry of Commerce will continue to insist on promoting the expansion of imports in 2015 and will also have new policies.