China News Service, June 15th, according to the Ministry of Commerce website, on June 15, the General Department of the Ministry of Commerce and the Institute of International Trade and Economic Cooperation jointly issued the "China Foreign Trade Situation Report (Spring 2020)" (hereinafter referred to as the "Report") ).
The report reviews China's foreign trade operations in 2019 and the first five months of 2020, and analyzes China's foreign trade development environment in 2020. In 2019, in the context of the overall slowdown in global economic and trade, China's foreign trade has grown against the trend, the scale has reached a record high, achieving stability and improving quality, and achieving new results in high-quality development. Since 2020, against the background of the global spread of the New Coronary Pneumonia epidemic, the sharp decline in demand in the international market, and the increasing downward pressure on trade, China’s foreign trade import and export growth has declined in the first five months, but the decline in imports and exports has fallen since March. Narrow, high-quality development of foreign trade continues to advance.
The report believes that the uncertainty of the environment facing the development of foreign trade in 2020 will increase, and the challenges and pressure will increase significantly. The risk of world economic recession is rising, the supply chain of the industrial chain is blocked, and international trade and investment are shrinking. Difficulties in domestic enterprises, especially small, medium and micro enterprises, have been highlighted, and employment pressure has increased. The risks and challenges facing China's foreign trade development are extremely complex and severe. At the same time, it should also be noted that with the gradual alleviation of the impact of the domestic epidemic situation, economic production activities have gradually returned to normal, and the solid foundation of the foreign trade throughout the year and the promotion of foreign trade stability and quality improvement still have a solid foundation and strong support.
The report pointed out that the Ministry of Commerce will resolutely implement the decision-making and deployment of the Party Central Committee and the State Council, closely follow the goal of building a well-off society in an all-round way, coordinate the advancement of epidemic prevention and control and foreign trade development, make every effort to stabilize the basic foreign trade plate, and further promote the "five optimizations" "Three constructions" promote foreign trade to promote stability and quality, promote high-quality trade development, better serve the overall situation of economic and social development, and make due contributions to the comprehensive construction of a well-off society.