The total value of imports and exports in July was 3.81 trillion yuan, and the growth rate increased to 16.6%.
The growth rate has continued to rise, and foreign trade continues to show resilience
Xinhua News Agency issued Cheng Shuo cartography
On August 7, the General Administration of Customs released data showing that in the first seven months of this year, the total value of mainland imports and exports was 23.6 trillion yuan, an increase of 10.4% over the same period last year. Among them, the total value of imports and exports in July was 3.81 trillion yuan, and the year-on-year growth rate was further increased to 16.6%.
The analysis believes that the mainland's imports and exports have withstood the pressure, and the year-on-year growth rate has come out of a continuous upward curve, indicating that the mainland's foreign trade strength is strong and resilient. Looking forward to the second half of the year, with the implementation of more stable foreign trade policies, foreign trade is expected to continue to improve throughout the year and move towards the goal of maintaining stability and improving quality.
Overall good Structural bright spots appear frequently
Judging from the data of the month, the growth rate of imports and exports in July was further improved, 16.5 percentage points higher than the low point in April, driving foreign trade to continue to improve.
Zhao Ping, vice president of the Research Institute of the China Council for the Promotion of International Trade, told the Economic Reference Daily that foreign trade in July continued its continuous upward trend since May, and the growth rate continued to accelerate, and the quality, efficiency and vitality of foreign trade development continued to increase.
Zhao Ping also pointed out that in the case of a large foreign trade import and export base last year, it is rare to maintain double-digit growth in the first seven months of this year.
Zhou Mi, a researcher at the Research Institute of the Ministry of Commerce, also told reporters that the growth of imports and exports in the first seven months was further accelerated, and the growth rate was one percentage point higher than that of the previous 6 months. "In the context of great instability in global trade, this performance can be described as quite prominent, and it also fully demonstrates that China's foreign trade strength is strong and resilient."
While the total amount continues to improve, bright spots in the mainland's foreign trade structure are frequent.
In terms of trade mode, in the first seven months, the general trade import and export was 15.17 trillion yuan, an increase of 14.5%, accounting for 64.3% of the total value of foreign trade, an increase of 2.3 percentage points over the same period last year.
From the perspective of trading partners, in the first seven months, imports and exports to major trading partners such as ASEAN, the European Union, the United States and South Korea maintained growth, of which the growth rate of mainland exports to the above markets was 19.1%, 19.7%, 15.1% and 17.9% respectively; In the same period, the mainland's total imports and exports to countries along the "Belt and Road" totaled 7.55 trillion yuan, an increase of 19.8%.
In addition, the Regional Comprehensive Economic Partnership (RCEP) is in favour of accelerated release. Li Kuiwen, director of the Department of Statistical Analysis of the General Administration of Customs, said that in the month of July, the mainland's imports and exports to RCEP trading partners amounted to 1.17 trillion yuan, an increase of 18.8% year-on-year, driving the overall import and export growth of 5.6 percentage points. "The RCEP came into effect this year, further deepening regional economic connectivity and trade and investment cooperation, and providing new momentum for regional economic recovery and development."
Zhao Ping further analyzed that the mainland's exports to major trading partners go hand in hand, and both traditional and emerging markets have maintained good growth; At the same time, the foreign trade industry chain supply chain guarantee policy has been effective, and the ability of enterprises to perform contracts has been further improved, which has effectively driven the sustained and stable growth of imports and exports. In her view, all this shows that the mainland's foreign trade development has been increasingly able to cope with uncertainty.
"Combination Fist" Shows Effect The endogenous power is constantly increasing
The analysis believes that behind the good foreign trade data, it is inseparable from the policy support and the continuous enhancement of enterprise vitality under the favorable free trade agreements such as RCEP.
In the factory building of Foshan Nanhai Mattel Toys Co., Ltd., production is in full swing. Workers are packing and encapsulating a batch of Barbie plastic toys worth $276,300, which will then be exported to Australia by sea. With the certificate of origin issued by the customs, it is expected that the export toys can be reduced by about 13,800 yuan in tariffs of the importing country.
"The Certificate of Origin is very important for the company's toy export business, helping us to enjoy preferential tariffs and enhance the international competitiveness of export products." Deng Jinzhang, head of the company's customs declaration business, said. He introduced that different FTA have different tax reduction arrangements, under the guidance of customs, enterprises can enjoy the agreement dividends in a timely manner, driving the company to further expand in the corresponding national market, especially during the summer vacation, the order growth is obvious.
According to customs statistics, in the first seven months, the import and export of private enterprises was 11.8 trillion yuan, an increase of 15.3%, accounting for 50% of the total value of the mainland's foreign trade, an increase of 2.1 percentage points over the same period last year. Among them, exports were 8.01 trillion yuan, an increase of 20.9%, accounting for 59.9% of the total export value. At the same time, the number of foreign trade entities further increased, during the period, the mainland has import and export performance of 526,000 foreign trade enterprises, an increase of 5.8% year-on-year.
"Despite the challenges in all aspects, the endogenous driving force of the mainland's foreign trade has been continuously enhanced." Gao Lingyun, a researcher at the Institute of World Economics and Politics of the Chinese Academy of Social Sciences, told the Economic Information Daily.
Gao Lingyun believes that this is inseparable from the positive and effective measures taken by various departments, including increasing corporate financing, credit insurance support, promoting the landing of RCEP dividends, supporting enterprise technological innovation and the development of new formats and new models. While stabilizing the confidence of market players, these policies have effectively stimulated the vitality of enterprises, promoted the growth of the number of foreign trade enterprises, especially private enterprises, and further enhanced the endogenous driving force of mainland foreign trade.
Policy intensification The improvement of quality throughout the year can be expected
Zhang Bin, deputy director of the Department of Foreign Trade of the Ministry of Commerce, said in response to a question from the Economic Information Daily reporter at a recent special press conference that at present, the risk of stagflation in the world economy has risen significantly, many major economies have continued to raise interest rates, and the prospects for trade growth are not optimistic. At the same time, domestic and international logistics still need to further improve efficiency and smooth the industrial chain supply chain.
Zhang Bin proposed that in the second half of the year, the Ministry of Commerce will highlight the three focus points of expanding increments, stabilizing stocks, and strengthening guarantees, actively promote exports, expand imports, and take multiple measures to stabilize foreign trade. Specifically, fully tap the potential of cross-border e-commerce and further cultivate cross-border e-commerce comprehensive pilot zones; Make good use of the signed free trade agreements to guide enterprises to accurately explore the international market; Strengthen the production and operation guarantee of foreign trade enterprises, and timely smooth logistics blockages; Guide the orderly transfer to the central and western regions and the northeast region; Stabilize the expectations of small and medium-sized foreign trade enterprises, and effectively support foreign trade enterprises to reduce costs.
Local governments are also taking active actions to stabilize foreign trade from the aspects of bailing out enterprises and opening up markets. Among them, in terms of reducing the cost of enterprises, Zhejiang recently issued the "Ten Measures on Supporting stable foreign trade and stabilizing foreign investment", proposing to increase the relief of international maritime logistics and directly invest no less than 50,000 TEUs of affordable space for small and medium-sized foreign trade enterprises in the province; Encourage all localities to increase the short-term credit insurance premium support ratio to 80% and other real money and silver support measures in combination with actual conditions.
In terms of promoting enterprises to better enjoy the RCEP dividend, Nanjing Customs recently conducted in-depth research and analysis on leading enterprises in the industrial chain such as textiles, chemicals, electronics, automobiles and new energy. The person in charge of Nanjing Customs told reporters that next, it will continue to increase the focus of "one enterprise, one policy" precision guidance, help enterprises establish a comparative list of tariff concessions between RCEP and other agreements, "the best combination of benefits", and help "Made in China" to open up the RCEP market.
Zhao Ping pointed out that the current stable foreign trade policy is highly targeted and vigorous. "In view of the specific problems faced by foreign trade enterprises such as the slowdown in external demand and the difficulty of obtaining orders, we should be targeted and accurately helped."
Looking forward to the future, Zhao Ping believes that with the favorable landing of policies, the active initiative of enterprises in opening up markets, developing new formats, and developing new products will be further exerted, coupled with the support of the mainland's foreign trade scale, good foundation and strong resilience, it is expected that the import and export of foreign trade throughout the year will continue to move towards a good trend and move towards the goal of maintaining stability and improving quality. (Reporter Wang Wenbo)
Source: Economic Reference Newspaper