China's foreign trade development volume is stable and excellent
The industry insiders believe that the rapid growth of foreign trade is driven by both domestic and foreign factors. China's foreign trade has accelerated supply-side structural reforms, accelerated the pace of high-quality development, and the globalization trend has not changed. The international market demand is still growing, which has jointly promoted the rapid growth of foreign trade, and the foreign trade structure is further optimized.
Rapid growth in imports and exports
Statistics show that in the first 11 months of this year, China's trade in goods exports was 14.92 trillion yuan, up 8.2% year-on-year; import was 12.96 trillion yuan, up 14.6% year-on-year; trade surplus was 1.96 trillion yuan, down 21.1% year-on-year.
Li Kuiwen, director of the Department of Statistics and Analysis of the General Administration of Customs, said that the total value of China's foreign trade imports and exports in the first 11 months of this year exceeded the size of last year's full year due to the overall stability of the domestic economy, steady progress, and the overall growth of the world economy.
The growth of imports at a higher rate than exports is an overall feature of China's foreign trade development. Yang Changyong, deputy director of the Comprehensive Research Office of the Institute of Foreign Economic Research of the National Development and Reform Commission, said in an interview with the International Business Daily that this was mainly due to China’s stable economic growth, China’s massive expansion of import measures, and crude oil. Commodity prices have three major reasons for the upward trend in volatility.
From the perspective of a single month in November, the export growth momentum is rapid, and higher than the import growth rate. The data shows that China's total exports amounted to 1.57 trillion yuan, a year-on-year increase of 10.2%; total imports were 1.26 trillion yuan, a year-on-year increase of 7.8%; trade surplus was 300.44 billion yuan, an increase of 21.5%.
The spokesman of the Ministry of Commerce said that the rapid growth of exports is the result of a combination of factors, such as the kinetic energy transformation of foreign trade innovation and development, the recovery of international market demand, and the further emergence of policy effects.
Gao Feng believes that "the pace of high-quality development of China's foreign trade will continue to accelerate next year and still have strong support." There are two reasons: First, from the internal point of view, China's import and export structure will be further optimized, and the kinetic energy of high-quality innovation and development will be further Savings, import potential will be further stimulated; second, from the outside, the general trend of economic globalization has not changed, and the demand in major global markets is still growing.
Structural optimization accelerates
According to the information released by the General Administration of Customs, in terms of structure, China’s foreign trade development in the first 11 months has five major characteristics: first, the rapid growth of general trade and increase in proportion; second, the growth of imports and exports in major markets such as the EU, the US, ASEAN and Japan. The import and export growth rate of the countries along the “Belt and Road” is higher than the overall; the third is the increase in the proportion of private enterprises; the fourth is the rapid growth of exports of mechanical and electrical products; the fifth is the increase in imports of crude oil, natural gas and other commodities, and the increase in the prices of bulk commodities. Falling apart.
The diversification of the import and export market of enterprises has been widely concerned by the industry In the first 11 months, while the EU, the United States, ASEAN and Japan are China's top four trading partners, China's total import and export of countries along the “Belt and Road” is 7.62 trillion yuan, exceeding the trade volume of the largest trading partner of 35,200. 100 million yuan has become the largest import and export market. Among them, the proportion of Sino-US trade in China's total trade fell from 14% in January to 13.7%, and China's trade surplus with the United States expanded from 144.76 billion yuan in January to 1.93 trillion yuan.
Zhao Ping, director of the International Trade Research Department of the China Council for the Promotion of International Trade, said in an interview with an international business newspaper that China's foreign trade companies are accelerating market diversification. The national and regional markets along the “Belt and Road” have strong complementarity with the Chinese market. With the accelerated docking of policies, the emerging demand for infrastructure construction has boosted investment and trade growth. In particular, the pace of China’s expansion of imports has driven the countries along the “Belt and Road”. The growth of regional economic trade has driven the rapid growth of trade between China and the countries and regions along the “Belt and Road”.
In the first 11 months, the import and export volume of private enterprises was 11.03 trillion yuan, a year-on-year increase of 14.4%, accounting for 39.6% of China's total foreign trade, an increase of 1.2 percentage points over the same period last year. Li Kuiwen said that private enterprises have further demonstrated the vitality of foreign trade development by continuously improving the technological content of products, increasing the added value of products, and striving to enhance the new advantages of export competition. In the first 11 months, the contribution rate of Chinese private enterprises to foreign trade import and export growth was close to 50%, which became the main growth point of foreign trade development.