Deep V bounce! New high! China Import and Export staged a "famous scene"

　　Chinanews client, Beijing, October 14th (Reporter Li Jinlei) China's foreign trade staged a "famous scene", the latest data is amazing.

　　Can you imagine?

The new crown pneumonia epidemic is still spreading globally, the world economy is severely recessed, and protectionism and unilateralism are on the rise. However, China's foreign trade import and export increased by 0.7% in the first three quarters, and the cumulative total import and export value achieved positive year-on-year growth for the first time this year.

　　The foreign trade of other countries mostly experienced negative growth. Not only did China take the lead in turning positive, but it also reached a new high!

The picture shows a corner of Yantian International Container Terminal.

China News Agency reporter Chen Wenshe

　　Data show that in the third quarter, China's total import and export value, total export value, and total import value all hit quarterly record highs. Among them, the single-month export in July reached a record high, and the single-month import and export value in September reached a record high.

　　In terms of growth rate, in the first three quarters, import and export growth rates were -6.5%, -0.2%, and 7.5%, showing a sharp decline in the first quarter, stabilization in the second quarter, and a full rebound in the third quarter.

　　If you draw a line, this is a deep V rebound curve!

China's import and export performance

　　Let's talk about exports first. Since April, China's exports have been increasing for six consecutive months.

The cumulative growth in the first three quarters was 1.8%, which exceeded market expectations.

　　Exporting cattle is easy to understand. After all, China has taken the lead in controlling the epidemic in the world, and others have stopped work and production. China has taken the lead in resuming work and production, and the production side has taken the lead to recover, effectively making up for the global supply gap caused by the impact of the epidemic.

　　Bai Ming, deputy director of the International Market Research Institute of the Academy of the Ministry of Commerce, told a reporter from Chinanews.com that the epidemic in China was the first to be brought under control, the first to promote the resumption of work and production, and the introduction of export tax rebate policies, increased foreign trade credit, and support for export to domestic sales. A series of assistance policies have helped foreign trade companies overcome difficulties, secure markets, and secure orders, which has effectively promoted exports.

The picture shows the customs staff of Shenzhen Airport inspecting at the airport international cargo terminal.

Chen Wenshe

　　The recovery of exports is inseparable from some supporting factors.

Li Kuiwen, a spokesperson for the General Administration of Customs and Director of the Department of Statistics and Analysis, pointed out that anti-epidemic materials have contributed to an export growth of 2.2%. Some companies have seized the business opportunities of rapid growth in overseas demand for anti-epidemic materials after the outbreak, and adjusted their business strategies and directions in a timely manner. Textiles, medical equipment, and medicines including masks totaled 1.04 trillion yuan, an increase of 36.5%.

　　According to the updated report of the World Trade Organization's "Global Trade Data and Outlook" released in October, the global export of personal protective equipment increased by 49% in the first half of this year, and its trade volume is expected to reach US$98 billion, of which nearly 44% comes from China.

　　In addition, the "home economy" commodities drove a 1.1% increase in exports.

my country has obvious advantages in the industrial chain and supply chain of consumer electronics products. The total export of "home economy" commodities such as notebook computers, tablet computers, and home appliances is 880.8 billion yuan, an increase of 17.8%.

　　Let's talk about it again.

　　In the third quarter, not only the total export value hit a quarterly record high,

　　According to Li Kuiwen's analysis, import demand is stable and improving, which also supports the rebound in import value.

China took the lead in resuming work and production in the world, continuously consolidating and expanding the results of epidemic prevention and control and economic recovery. The domestic economy continued to recover steadily, which also led to a rebound in imports.

　　Data show that in the third quarter, China imported 3.88 trillion yuan, an increase of 4.3% year-on-year; the import value of my country's mechanical and electrical products increased by 3.9% in the first three quarters, of which the import of electronic components, automatic data processing equipment and their parts and components increased by 14.9% and 11.6% respectively. , The imports of bulk commodities such as crude oil, iron ore and aluminum ore increased by 12.7%, 10.8% and 12.7% respectively.

　　In addition, China has made every effort to guarantee the import of key products, continued to expand the scope of importing countries and commodities, newly approved 5,965 foreign registered enterprises, and strengthened the protection of important agricultural products and food imports such as meat, grain, aquatic products, and fruits.

In the first three quarters, imports of meat and grain were 162.65 billion yuan and 253.36 billion yuan, an increase of 87.3% and 20.7% year-on-year.

　　If exporting cattle has allowed the world to see the power of China as the world's factory, then imported cattle can be said to have allowed the world to witness China's power as a world market.

　　Coleman Nee, a senior economist at the WTO, said that in the first half of this year, intra-regional trade in Asia fell by 6% year-on-year, but China's imports from other Asian countries fell by only 1%. China supports intra-regional trade in Asia.

Excluding China, intraregional trade in Asia fell by 9%.

China is not only outstanding in exports, but also in imports to contribute to global demand.

The picture shows the container terminal of Xiuying Port in Haikou.

Photo by Luo Yunfei

　　Next, everyone is very concerned about whether the good recovery trend of China's imports and exports can continue throughout the year?

It is undeniable that there is pressure at the moment.

　　At present, the global new crown pneumonia epidemic is still spreading, the global industrial chain and supply chain are still blocked, economic globalization is also experiencing a countercurrent, and international market demand is severely shrinking. The latest global trade prosperity index released by the WTO hit a record low. At the same time, protectionism With the rise of unilateralism, uncertainty and instability have also increased significantly.

　　"The situation facing my country's foreign trade development is more complicated and severe." Li Kuiwen said frankly.

　　In particular, the current epidemic in many countries has rebounded recently, many of which are China's important trading partners.

Autumn and winter are also China's traditional export peak seasons, so China's foreign trade is under pressure.

However, the foreign trade situation throughout the year is also supported.

　　Gao Feng, the spokesperson of the Ministry of Commerce, recently stated that since the beginning of this year, a series of policies and measures for stabilizing foreign trade issued by the State Council have been continuously implemented, and the policy effects have been continuously released.

The international market demand rebounded partially, and the PMI index of some major international economies improved in August.

　　Li Chao, chief economist of Zheshang Securities, believes that China's exports will have three strong supports in the future: the export of epidemic prevention materials is still accelerating, which has a pulling effect on the entire export; overseas economies are gradually restarting, and external demand is accelerating repair; the global industrial chain is being reshaped At this stage, the leading recovery of China's economy has a dominant position in global competition, which will help boost exports.

　　"China's foreign trade development has strong resilience, sufficient potential, and large room for maneuver. The long-term development trend has not changed." Li Kuiwen said that with the in-depth implementation of the "six stability" and "six guarantees" policy measures, the domestic cycle is the mainstay The new development pattern of mutual promotion of domestic and international double cycles continues to advance, and the momentum of China's economic development and foreign trade import and export stabilization will continue to be consolidated.

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