Jinyang Network Comment: Cross-cycle adjustment and stabilization of foreign trade, so that China's economic ship can better break the waves

Recently, the General Office of the State Council issued the Opinions on Doing a Good Job in Cross-cycle Adjustment to Further Stabilize Foreign Trade (hereinafter referred to as the Opinions). The "Opinions" put forward 15 policy measures from four aspects, such as strengthening fiscal and taxation financial policy support, further encouraging the development of new foreign trade formats, alleviating the pressure on foreign trade supply chains such as international logistics, and supporting key enterprises in key industries, which will surely play a role in ensuring orders and stabilizing expectations, and effectively promote the stable development of foreign trade.

The steady development of foreign trade is an important driving force for China's economic growth. In recent years, the Expo, the Service Trade Fair, the Circumvention Fair... China's various foreign trade and trading exhibitions are getting more and more and better, the scale of consumption is constantly expanding, and the consumption structure is accelerating and upgrading, which provides solid support for the stable development of the economy. At the same time, as the largest country in goods trade, China's foreign trade is highly integrated with the world market, and is also highly integrated with the domestic industrial chain and the entire economic system, which means that stable foreign trade is conducive to the stable development of the economy. At present, China's foreign trade is facing an increase in uncertainties, instability and imbalances, the foundation for foreign trade operation is not solid, the 15 policy measures proposed in the "Opinions" are conducive to promoting China's economic ship to better break the waves, and inject a strong impetus into the prosperity and stability of the world economy.

To promote high-quality economic development and stabilize the basic plate of foreign trade, it is a crucial starting point. In the first 11 months of 2021, China's foreign trade maintained a rapid growth trend, with a total import and export value of 5.47 trillion US dollars, an increase of 31.3% year-on-year, and the scale has exceeded the whole of last year, hitting a record high. This fully shows that China's economy is resilient and the fundamentals of long-term improvement have not changed. However, we must soberly realize that China's economy is facing the triple pressure of demand contraction, supply shock, and weak expectations. In this context, the issuance and implementation of the Opinions is very necessary and timely. The "Opinions" proposes to adjust and optimize the list of cross-border e-commerce retail imports and expand the import categories, which will better meet the diversified consumption needs of the people, promote better connectivity between the domestic market and the international market, and achieve high-quality development.

Keeping the word in the forefront and seeking progress in a steady manner is the major policy of this year's economic work. At present, the century-old changes in the world and the epidemic situation of the century are intertwined, unilateralism and protectionism are on the rise, the international pattern is profoundly adjusted, and the factors of instability and uncertainty have increased significantly. From continuing to accelerate the progress of export tax rebates, to adding a number of cross-border e-commerce comprehensive pilot zones, to cultivating a number of trade double-cycle enterprises... The series of policy measures proposed in the "Opinions" will help us win the strategic initiative under the complex and severe situation, promote the construction of a new development pattern to achieve new and greater results, and make the stability more stable and better. By doing a good job in cross-cycle adjustment and promoting the steady development of foreign trade, China will certainly be able to continue to be the main stabilizer and power source of world economic growth, and contribute new and greater forces to improving the overall development level of human society.

China is struggling with the times, in a resilient China, and in a china that is advancing. Attach great importance to cross-cyclical adjustment, maintain continuity and stability, enhance forward-looking accuracy, strengthen confidence, face difficulties, strengthen coordination, form synergy, and make every effort to ensure that various policies and measures are in place, we will certainly be able to promote the stable development of foreign trade, so that China's economic ships can better break the waves and continue to sail to more open waters! (Jinyang Network Text/Wang Yuxing)

Edit: Bao Kuo