"Now, the trade between China and Germany is rapidly recovering. There are 45 to 60 China-Europe trains between Duisburg and China every week. This is a record number!" "The report quoted Martin Mulak, the city treasurer of Duisburg, Germany. Under the new crown pneumonia epidemic, the number of China-Europe express trains and cargo shipments across Asia and Europe have risen against the trend. As of the end of July, more than 1,000 trains have been opened for three consecutive months, and double-digit growth has been achieved for five consecutive months. This is a microcosm of China's foreign trade helping the smooth operation of the global industrial chain.
Affected by the new crown pneumonia epidemic, global trade has fallen sharply this year, but the overall performance of China's foreign trade is still better than market expectations and better than major global economies. Data show that China's foreign trade exports have maintained a growth momentum for four consecutive months, achieving double-digit growth for the first time in July, and imports have maintained growth for two consecutive months. This is not easy under the background of the deep recession of the world economy and the impact of market demand, which fully demonstrates the strong resilience of the Chinese economy.
The Associated Press recently reported that export data in July showed that China, the world's second largest economy, is recovering from the new crown pneumonia epidemic. An analyst at the Dutch Commerzbank said in a report that compared with June, China’s exports in July have improved overall, not only for medical supplies, but also for electronic products, automobiles and clothing. momentum. Martin Rasmussen, a Chinese economic analyst at Capital Economics, a British economic research company, believes that under the government's relevant stimulus policies, the Chinese economy will continue to recover in the next few months, which will support the continued recovery of imports and the global epidemic. It will continue to recover under the background of slowing down.
The continuous improvement of China's imports and exports is a major benefit to the stability of the global industrial chain and supply chain. According to a report from the McKinsey Global Institute, China is the largest source of imports for 65 countries and the largest export destination for 33 countries. During the epidemic, there were many examples of the suspension of subsequent production lines in other countries due to the shortage of parts produced by Chinese factories, which made the international community more deeply aware of China's position in the global industrial chain. As China promotes the resumption of work and production while effectively preventing and controlling the epidemic, the gears of the global industrial chain are turning steadily. The 127th Canton Fair held in June this year attracted overseas buyers from 217 countries and regions to register and negotiate in the "cloud", indicating that the stability of China's foreign trade is of great significance to the world, and it also made some US politicians clamor for the "decoupling theory" Self-defeating.
In the second half of the year, the impact of the global economic downturn on demand will be further manifested, and the industrial chain and supply chain will still face great resistance. What is the next step for China to stabilize foreign trade? In response to this, the head of the Ministry of Commerce of the People’s Republic of China made it clear in an interview with the CCTV News "On Relativity" program of China Central Radio and Television that they should implement fiscal, taxation, finance, insurance and other policies to help companies develop international markets, expand cross-border e-commerce, and market procurement. The pilot project, the preparation of the third International Import Expo, etc. The person in charge of the General Administration of Customs of China revealed in the interview that it will further reduce the customs clearance time at the port and continue to promote a series of new measures such as cross-border e-commerce returns and export supervision.
It is worth noting that the General Office of the State Council of China recently issued a document to put forward 15 policy measures to stabilize foreign trade and foreign investment, including making better use of the role of export credit insurance, providing credit enhancement support for foreign trade enterprises in various ways, and further expanding foreign trade in small, medium and micro enterprises. Enterprise export credits, support for cross-border e-commerce platforms, cross-border logistics development and overseas warehouse construction, etc. This will provide foreign trade companies with more support and guarantees, continuously reduce costs, and develop new business models, thereby stabilizing foreign trade entities and the market.
At present, China is "accelerating the formation of a new development pattern with domestic and international cycles as the main body and mutual promotion of domestic and international cycles." In this pattern, "stabilizing foreign trade" has a deeper meaning. On the one hand, foreign trade is an important part of the international economic cycle. China shares development results with the world by creating a stable and efficient industrial chain and supply chain; on the other hand, the development of foreign trade is conducive to promoting the domestic cycle. For a long time, a large number of high-quality imported goods have been welcomed by the Chinese people. Further improving the supply of imported goods will undoubtedly promote the expansion and quality of domestic demand and better meet the needs of the Chinese people for consumption upgrading.
Against the background of the severe and complex international environment and global epidemic situation, China does everything possible to stabilize its foreign trade fundamentals, not only for itself, but also for the world, reflecting its consistent responsibility for global economic growth. The series of measures taken by China to stabilize foreign trade and the obvious results achieved have not only contributed to the stable operation of the global industrial chain and supply chain, but also injected impetus for the recovery of the severely damaged world economy.
(International sharp commentator)
(Edit Yang Jin)