Sustained improvement shows resilience, and foreign trade can be expected to maintain stability and improve quality.
Today’s editorial
Special commentator of this newspaper
Generally speaking, China’s foreign trade was more resilient in the first seven months, which laid a solid foundation for the stability and quality improvement of foreign trade throughout the year. With the continuous increase of macro-policy adjustment, a package of policies and measures has been accelerated to take effect, China’s main economic indicators 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 a new kinetic energy driven by innovation … … The fundamentals of China’s strong economic resilience, sufficient potential and long-term improvement have not changed, providing a good environmental support for foreign trade development.
According to the latest data released by the General Administration of Customs, in the first seven months of this year, the total import and export value of China’s goods trade was 23.6 trillion yuan, an increase of 10.4% over the same period last year. Among them, the export was 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%; The trade surplus was 3.14 trillion yuan, an increase of 62.1%. Since the beginning of this year, in the face of the complicated and ever-changing international environment, China 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 the overall employment situation. Especially under the background that the international environment is becoming more complicated and severe and some unexpected factors exceed expectations, stabilizing foreign trade has become an important support for China’s steady 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 recovery curve in the first half of the year showed the strong development resilience of China’s foreign trade. From the cumulative growth rate, the first seven months increased by 10.4% year-on-year; On a monthly basis, 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. The growth rate continues to rise, and foreign trade continues to improve, indicating that China’s foreign trade has withstood the pressure and gradually returned to the development trend of strong strength and sufficient toughness.
Open the door to the outside world and expand the space for foreign trade cooperation. Expanding openness and integration and achieving win-win cooperation are important magic weapons for China to stabilize foreign trade and foreign investment. From the implementation of the new version of the negative list of foreign investment access in the national and free trade pilot zones, the foreign investment market access will be further relaxed; To successfully hold the African Good Things Online Shopping Festival, buy in the BRICS and other activities; Then, carry out the law enforcement inspection of the Foreign Investment Law and urge the implementation of the national treatment for foreign-funded enterprises … … Since the beginning of this year, in the face of a more severe and complicated external environment, China has expanded its high-level opening to the outside world, promoted the steady development of foreign trade and foreign capital, stabilized its scale, improved its quality, promoted innovation, continuously released policy dividends, and continuously expanded the space for foreign trade and economic cooperation.
In the first seven months, China’s import and export to major trading partners such as ASEAN, the European Union, the United States and South Korea maintained a growth momentum. Since the implementation of the Regional Comprehensive Economic Partnership Agreement (RCEP) this year, the trade dividend has been continuously released. In the same period, China’s import and export 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 hats and glasses to expand the market, to Tricholoma matsutake and honey pomelo for "fresh" export, and then to sweeping robots and solar cells for sale overseas … … The effective stimulation of the vitality of foreign trade subjects is also regarded as an important reason for promoting the sustained recovery of foreign trade growth. Since the beginning of this year, in order to help foreign trade enterprises solve the problems such as poor logistics, inefficient tax refund and customs clearance, backlog of orders, and financial difficulties, the state has successively issued measures to stabilize foreign trade, such as Opinions on Promoting the Stability and Quality of Foreign Trade and a Package of Policies and Measures to Solidly Stabilize the Economy, focusing on stabilizing the industrial chain supply chain and helping foreign trade enterprises to ensure orders, markets and confidence.
At the same time, relevant arrangements have been made to expand the import of high-quality products, maintain the stability of the international industrial chain supply chain, and study the phased reduction of port-related charges to further support and solve the problems of foreign-funded enterprises’ convenience in doing business in China. Policy measures such as reducing taxes and fees, strengthening financial support, and continuously optimizing the business environment have continued to exert their strength, especially the effect of cross-cycle adjustment and supporting small and medium-sized foreign trade enterprises has continued to emerge, further stimulating the vitality of foreign trade market players. In the first seven months, the number of foreign trade enterprises with import and export performance in China increased by 5.8% year-on-year, among which the import and export of private enterprises increased by 15.3%, accounting for 50% of China’s total foreign trade value, and continued to play the role of "main force" in foreign trade.
At present, China’s foreign trade development still faces some unstable and uncertain factors, and there are still many pressures to ensure stability and improve quality. On the whole, however, China’s foreign trade was more resilient in the first seven months, which laid a solid foundation for the stability and quality improvement of foreign trade throughout the year. With the continuous increase of macro-policy adjustment, a package of policies and measures has been accelerated to take effect, China’s main economic indicators 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 a new kinetic energy driven by innovation … … The fundamentals of China’s strong economic resilience, sufficient potential and long-term improvement have not changed, providing a good environmental support for foreign trade development.
It is conceivable that with the acceleration of a series of national policies and measures to stabilize the economy, the foreign trade logistics is further unblocked, and the enterprises’ resumption of work and production are further accelerated, China’s foreign trade import and export is expected to continue to maintain a steady growth momentum.