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China'S Foreign Trade Endogenous Power Has Been Significantly Enhanced.

2016/8/9 19:55:00 29

Foreign TradeEconomyMacro Economy

In the first 7 months, the proportion of China's general trade and import and export increased, the proportion of processing trade continued to decline, and the structure of China's foreign trade was constantly optimized.

The next step is to stabilize the export of high-end equipment such as high-speed rail and electromechanical equipment with high added value, and further consolidate the existing advantages of traditional industrial products.

According to the data released by the General Administration of Customs in August 8th, the total value of China's imports and exports in July was 2 trillion and 90 billion yuan, down 0.9% from the same period last year.

Among them, exports were 1 trillion and 220 billion yuan, an increase of 2.9%; imports of 873 billion yuan, a decrease of 5.7%; trade surplus of 342 billion 800 million yuan, an expansion of 34%.

In the first 7 months of this year, the total value of China's imports and exports was 13 trillion and 210 billion yuan, down 3% from the same period last year.

Among them, exports of 7 trillion and 600 billion yuan, down 1.6%; imports 5 trillion and 610 billion yuan, down 4.8%; trade surplus of 1 trillion and 990 billion yuan, 8.7% expansion.

Analysts said that in July, exports increased for fifth consecutive months, indicating that the overall trend of China's foreign trade as a whole has not changed. This is due to the continuous restructuring and pfer of foreign trade in recent years. It is also related to the low position of the RMB against the US dollar since last year, to a certain extent, supporting export growth.

The unexpected drop in imports in July was mainly caused by the sharp fall in international crude oil prices.

At the same time, after large-scale replenishment, the domestic enterprises' demand for imports of commodities has entered a stage of adjustment, and the pressure of capital outflow has slowed down.

Data show that in the first 7 months, the proportion of China's general trade and import and export increased, the proportion of processing trade continued to decline, and the structure of China's foreign trade was constantly optimized.

Li Jian, director of the Foreign Trade Institute of the Ministry of Commerce, seems to be closely related to the pformation and upgrading of the foreign trade in the coastal areas.

He said that in recent years, in the context of rising labor costs and frequent trade frictions, coastal areas, as the leading areas of foreign trade, have encountered development bottlenecks and forced their industries to upgrade.

At present, the effect of pformation and upgrading has begun to show gradually, and endogenous motivation has been significantly enhanced, and is gradually out of the throes of labor.

  

foreign trade

The enhancement of endogenous dynamics is reflected in the change of trade subjects.

In the first 7 months, whether in coastal provinces or in the central and western provinces where the growth of foreign trade is relatively good, one obvious feature is that private enterprises have become the most dynamic and export oriented business entities, while the high-tech industry's engine effect on export promotion is also significant.

According to statistics, in the first 7 months, private enterprises exported 3 trillion and 550 billion yuan, an increase of 3.6%, higher than the average growth rate of exports, and private enterprises accounted for 46.7% of the total foreign trade, accounting for more than foreign enterprises.

"The rapid growth of new formats of foreign trade is a major highlight of China's current foreign trade structure adjustment and pformation and upgrading."

Ministry of Commerce spokesman Shen Danyang recently said that in 2015, China's Cross-border

Online retailers

Trade grew by more than 30%, market purchasing trade increased by more than 60%, and foreign trade comprehensive service enterprises grew by more than 20%.

Since the beginning of this year, the three new foreign trade sectors have maintained a relatively fast growth trend and become a new growth point in the current foreign trade development.

"Judging from the available data, my foreign trade is stable, but I can not take this lightly."

Huang Songping, a spokesman for the General Administration of customs, said in an interview that the current external market environment has not changed fundamentally. On the one hand, the frequent occurrence of trade frictions has impeded China's exports. On the other hand, the development of China's foreign trade is facing severe challenges because of the backflow of manufacturing industry and the aggravation of industrial pfer in Southeast Asian countries, which requires continuous structural reforms in the supply side of foreign trade.

The survey conducted by the General Administration of Customs recently on more than 2600 foreign trade enterprises shows that in July, China's export managers index, new export orders index and confidence index of managers rose by 1, 0.9 and 2.2 respectively, and the comprehensive cost index of enterprises dropped to 1.

It is noteworthy that after two consecutive months of decline, China's foreign trade export index in July rose 1.1 from last month, to 33.8.

Considering that the pilot index usually has 2 to 3 months' foresight, this indicates the beginning of the fourth quarter.

Outlet pressure

It is expected to ease.

"Cultivating the new advantages of export competition and achieving the goal of" going from big to big "to" getting better and better "can not be achieved overnight.

Li Jian said that in the face of severe and complicated foreign trade situation, we should not only stabilize the export of high-end equipment with high value-added, such as high-speed rail and electromechanical equipment, but also further consolidate the existing advantages of traditional industrial products, and promote the overall upgrading of China's foreign trade industrial chain and value chain with open competition.


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