On October 14, the Information Office of the State Council held a press conference, and Wang Lingjun, deputy director of the General Administration of Customs, introduced: "Since the beginning of this year, the mainland's economic operation has been generally stable and stable, the formation of new quality productivity has been accelerated, high-quality development has been further promoted, the import and export of goods has grown steadily, and the foreign trade structure has been continuously optimized. "In the first three quarters, the total import and export value of the mainland's trade in goods was 32.33 trillion yuan, a year-on-year increase of 5.3%. Among them, exports were 18.62 trillion yuan, an increase of 6.2%; imports were 13.71 trillion yuan, an increase of 4.1 percent.
Imports and exports in the first, second and third quarters all exceeded 10 trillion yuan
Wang Lingjun said that this year, the total import and export value of the mainland hit a new high, and in the first three quarters of the first quarter, it exceeded 32 trillion yuan for the first time in the same period in history, and each quarter was 10.15 trillion yuan, 11 trillion yuan, and 11.17 trillion yuan respectively, all exceeding 10 trillion yuan, which was also the first time in the same period in history. Since the beginning of this year, the characteristics of many aspects of import and export are worthy of attention.
All types of business entities remain active. In the first three quarters, the import and export of private enterprises reached 17.78 trillion yuan, an increase of 9.4 percent, accounting for 55 percent of the total foreign trade value, an increase of 2.1 percentage points, and the import and export of foreign-invested enterprises reached 9.53 trillion yuan, an increase of 1.1 percent, an increase of two consecutive quarters.
Market diversification is progressing steadily. In the first three quarters, the mainland's imports and exports to the "Belt and Road" countries reached 15.21 trillion yuan, an increase of 6.3%, accounting for 47.1%; Imports and exports to other member countries of the Regional Comprehensive Economic Partnership (RCEP) were 9.63 trillion yuan, up by 4.5 percent, of which imports and exports to ASEAN were 5.09 trillion yuan, up by 9.4 percent. This year, the BRICS cooperation mechanism has been expanded. After the expansion, the share of BRICS countries in global trade exceeded one-fifth, and its international influence was further expanded. In the first three quarters, the mainland's imports and exports to other BRICS countries reached 4.62 trillion yuan, an increase of 5.1 percent. In the industrial sector, the mainland and other BRICS countries have given full play to their comparative advantages in intermediate goods and complemented each other in basic industries such as iron and steel, chemicals, and textiles. In the field of agriculture, the superior agricultural products of the mainland and other BRICS countries meet each other's diversified needs, and there are frequent trade exchanges between agricultural machinery and agricultural products.
Optimization of export product structure. In the first three quarters, the export of mechanical and electrical products was 11.03 trillion yuan, an increase of 8%, accounting for 59.3% of the total export value. Among them, the export of high-end equipment increased by 43.4%, and the export of integrated circuits, automobiles and household appliances increased by 22%, 22.5% and 15.5% respectively.
Both supply and demand have promoted the steady growth of the mainland's imports and exports
Wang Lingjun said that since the beginning of this year, the mainland's imports and exports have been able to maintain steady growth, depending on both supply and demand.
On the demand side, from an international point of view, the latest WTO report has raised the forecast for the growth rate of trade in goods for the whole year, and the World Bank, the OECD and other institutions believe that the global economy is stabilizing, and the recovery of external demand has created favorable conditions for mainland exports. In the first three quarters, the mainland's exports to traditional markets such as Europe, the United States and Japan increased by 4.2 percent, and exports to emerging markets such as ASEAN and Latin America increased by 12.3 percent and 13.7 percent respectively. Domestically, since the beginning of this year, the mainland's industrial production has grown steadily, driving the imports of coal, natural gas, and iron ore to increase by 11.9 percent, 13 percent, and 4.9 percent respectively in the first three quarters. With the cyclical upward trend of the consumer electronics industry, imports of semiconductor manufacturing equipment, integrated circuits, and flat panel display modules have all achieved double-digit growth. The consumer market continued to grow steadily, with imports of consumer goods such as special fruits, wine, and clothing increasing by 7.1%, 28.9%, and 6.1% respectively, effectively meeting the diversified domestic consumer demand.
On the supply side, the mainland is currently accelerating the development of new quality productivity, and the trend of high-end, intelligent and green manufacturing is very obvious. From the high-end point of view, China's manufacturing shows excellent strength, for example, the mainland recently exported the world's largest production, storage and offloading platform, the unit price exceeded 10 billion yuan, according to the displacement, equivalent to the displacement of 5 aircraft carriers, which represents the highest level of offshore equipment in the world. From the perspective of intelligence, a large number of smart home appliances, such as intelligent sweeping robots that integrate sweeping, washing and mopping, and fully automatic coffee machines that can prepare more than ten flavors by themselves, are widely welcomed by overseas customers. In the first three quarters, exports of household appliances increased by 15.5%. From the perspective of greening, the mainland's new energy industry has effectively aligned with the global trend of green development, and the export of wind turbines and electric vehicles has increased by 73.9% and 22% respectively.
The slowdown in export growth in September is a normal short-term data fluctuation
"In September, mainland exports were 2.17 trillion yuan, an increase of 1.6%, and the growth rate slowed down, but it is a normal data fluctuation in the short term, mainly affected by some short-term accidental factors." Lv Daliang, spokesman of the General Administration of Customs and director of the Department of Statistics and Analysis, said.
First of all, it has something to do with extreme weather, two typhoons in September made landfall in the Yangtze River Delta region one after another, and after the typhoon, the fleet schedule is often postponed, and exports lag behind. Second, some time ago, due to the impact of global shipping difficulties, container shortages, and the expectation of negotiations on the expiration of dock workers' contracts on the East Coast of United States, the shipment and logistics rhythm of enterprises has been adjusted. In addition, the high base of export scale in September last year also restricted the year-on-year growth rate in September this year.
Lu Daliang said that according to the preliminary calculation of the latest data released by various economies, the mainland's overall export market share in the world has increased steadily, and exports are still strong and resilient. Recently, the results of a survey of more than 800 major exporters showed that 69% of enterprises reported that exports were flat or increased in the fourth quarter.
At the same time, the data shows that since July, the scale of mainland imports has expanded month by month, and September was the highest point of the year, with a month-on-month increase of 2%. In September, imports of coal, natural gas and integrated circuits increased by 13%, 19% and 17%, respectively, reflecting the continued recovery of domestic demand.
As for the next trend, Wang Lingjun analyzed that the current external environment is becoming more complex and severe, and the latest report of the International Monetary Fund shows that the global economic growth rate is lower than the average in the first 20 years of this century. In addition, some countries have frequently adopted trade restrictions on mainland products, and major economic indicators such as domestic industry, investment and consumption have also fluctuated recently, which has also brought certain pressure to the development of foreign trade. Recently, all departments and regions are stepping up efforts to fully implement the decisions and arrangements of the Political Bureau of the CPC Central Committee, and actively introduce a package of incremental policies to support the healthy development of the real economy and business entities. "With the coordinated efforts of policies, the mainland economy will continue to be stable and upward, excellent and good, and we have the conditions and confidence to achieve the goal of stable quality and quantity of foreign trade throughout the year." Wang Lingjun said.
(Source: People's Daily)