The pace of resumption of production and acceleration of export recovery
——Interpretation of China's Foreign Trade Data in the First Two Months
On March 7, the General Administration of Customs released the latest statistical data. In the first two months of this year, China's foreign trade imports and exports amounted to 4.12 trillion yuan, down 9.6%.
"Although China ’s foreign trade has been affected by the combined effects of the new crown pneumonia epidemic and the extension of the Spring Festival holiday, import and export data has declined, but from the situation in February, the value of imports and exports has increased by the tenth, and the number of declarations by enterprises has increased by sixteen, entering and exiting Freight traffic is also increasing. Recently, the country's foreign trade exports have resumed momentum. "Li Kuiwen, director of the Statistical Analysis Department of the General Administration of Customs, pointed out.
Short-term fluctuations do not change long-term positive trends
"The new crown pneumonia epidemic has caused a certain impact on foreign trade imports and exports in the short term, but China's foreign trade development is highly resilient, and the company's adaptability and market development capabilities are also very strong." The official of the relevant department of the General Administration of Customs pointed out that the impact of the epidemic on import and export It is temporary and periodical, and the long-term positive trend of foreign trade development has not changed.
From the specific data, exports in the first two months of this year were 2.04 trillion yuan, down 15.9%; imports were 2.08 trillion yuan, down 2.4%. From the perspective of freight volume, from January to February, the volume of customs inbound and outbound cargo was 700 million tons, an increase of 2.8% year-on-year, of which exports were 190 million tons, a decrease of 3.7%, and imports were 510 million tons, an increase of 5.5%.
"China's economy and trade have strong resilience and inertia. The reasons for the increase in the shipment period of goods and the import rhythm of enterprises have only slightly decreased in the first two months, and the impact of the epidemic on imports has not been obvious." The relevant department of the General Administration of Customs The person in charge said.
In the first two months, imports of commodities and key consumer goods have grown rapidly: imports of commodities such as iron ore, crude oil, coal, and natural gas have increased by 1.5%, 5.2%, 33.1%, and 2.8%, respectively. During the same period, the import value of agricultural products increased by 6.8%, of which soybean imports increased by 14.2%, and pork imports increased by a factor of 1.6, which effectively guaranteed the stability of market supply and key livelihood commodity prices around the Spring Festival.
30% of imports and exports with countries along the “Belt and Road”
With the overall decline, China's foreign trade import and export in the first two months still showed positive factors. The deepening of economic and trade cooperation with countries along the "Belt and Road" has expanded the space for China's foreign trade development and played an important supporting role in stabilizing China's basic foreign trade.
Customs statistics show that in the first two months of this year, imports and exports to traditional trading partners such as the European Union, the United States and Japan have declined. Import and export to ASEAN was 594.11 billion yuan, an increase of 2%. ASEAN has become China's largest trading partner. The total imports and exports between China and the countries along the “Belt and Road” were 1.3 trillion yuan, an increase of 1.8% year-on-year, 11.4 percentage points higher than China ’s foreign trade growth rate, accounting for 31.7%, and the proportion exceeded 30% for the first time.
According to the investigation of 2552 foreign trade sample enterprises by the General Administration of Customs, 80.6% of the enterprises have resumed work. Private enterprises are relatively more dynamic in foreign trade import and export. In the first two months, the import and export of private enterprises reached 1.7 trillion yuan (a year-on-year decrease of 6.6%), accounting for 41.9% of the total value of imports and exports, an increase of 1.3 percentage points year-on-year. The increase in the proportion of private enterprises' import and export reflects the continuous optimization of the domestic business environment and is an important manifestation of the endogenous power and development vitality of China's foreign trade.
The pace of resuming production and production is accelerating, and market confidence is steadily restored
In February, the value of foreign trade imports and exports increased, and the number of declarations submitted by enterprises increased gradually. Customs data monitoring confirmed the toughness and resilience of China's foreign trade. With the positive results of epidemic prevention and control, and the gradual implementation of various policies and measures, the pace of resumption and production of foreign trade enterprises has accelerated, and market confidence is steadily restored.
"In the first quarter of each year, due to the impact of the Spring Festival, there will be certain fluctuations in imports and exports. This year, coupled with epidemic factors, fluctuations in imports and exports are inevitable. However, the impact is temporary and periodical. China's foreign trade is highly resilient, competitive and develops The long-term trend has not changed, "said Li Xinggan, director of the Foreign Trade Department of the Ministry of Commerce.
Since the outbreak of the new crown pneumonia epidemic, China's trade with countries around the world has encountered practical difficulties. Guaranteeing orders, securing markets, and fulfilling contracts are the biggest challenges facing foreign exporters. The impact of the epidemic is systemic and requires the joint response of supply and demand parties such as the government, manufacturing enterprises and buyers.
While the enterprise exerts its own advantages, the Chinese government implements a large-scale fee and tax reduction policy for the whole society, reduces the comprehensive cost of the enterprise, and helps foreign trade enterprises to overcome difficulties. According to Li Xinggan's introduction, strengthening the support for foreign trade policy stabilization will further highlight four policy focus points: First, financial support, expanding foreign trade credit placement, meeting trade financing needs, supporting enterprises with markets and orders to effectively fulfill their contracts, and giving priority to guarantees. The foreign trade capital chain has unblocked the industrial chain and supply chain; the second is insurance support to further expand the short-term insurance coverage of export credit insurance to promote a reasonable decline in fees and effectively serve the overall situation of foreign trade development; the third is fiscal and tax support to further improve export tax rebate policies and effectively reduce The cost of the enterprise reduces the burden on the enterprise. The fourth is to promote smooth trade, strengthen communication and coordination with trading partners, promote enhanced cooperation between WTO members, lift unnecessary trade restrictions, create a good international trading environment, and jointly maintain the stability of the global supply chain. healthy growth. (Reporter Zhang Yi)