(Economic Watch) Rebound Exceeds Expectations There are four bright spots in China's foreign trade in the first quarter
Beijing, 4 Apr (ZXS) -- Question: Rebound Exceeding Expectations There are four bright spots in China's foreign trade in the first quarter
China News Agency reporter Li Xiaoyu
China's foreign trade data for the first quarter was released on the 13th. Despite the overall weakness of external demand, China's foreign trade still achieved a stable start, showing four bright spots.
The growth rate of imports and exports rebounded significantly
According to official data, the total value of China's import and export of goods in the first quarter was 9.89 trillion yuan (RMB, the same below), an increase of 4.8% year-on-year, and the growth rate was 2.6 percentage points faster than that in the fourth quarter of last year.
Among them, after the growth rate turned from negative to positive in February, the year-on-year growth rate of China's imports and exports rebounded sharply to 2.3% in March, far exceeding market expectations.
Lu Daliang, spokesman of the General Administration of Customs of China, said that China's foreign trade imports and exports showed strong resilience in the first quarter, and the start was stable and good, laying the foundation for the realization of foreign trade throughout the year to promote stability and improve quality.
The number of foreign trade operators has increased steadily
In the first quarter, there were 45,7 foreign trade enterprises in China with import and export performance, a year-on-year increase of 5.9%. Among them, there were 38,4 private enterprises, an increase of 7.5%, and imports and exports were 5.18 trillion yuan, a year-on-year increase of 14.4%, accounting for 52.4% of China's total import and export value.
The increase in the number of foreign trade enterprises with import and export performance indicates that enterprise confidence and expectations have increased. In particular, the increase in the number of private enterprises with the advantages of fast response and strong flexibility, and the growth of imports and exports is better than that of the whole, will play a positive role in the stable scale and excellent structure of China's foreign trade, and also indicate that the vitality and vitality of China's foreign trade will be further enhanced.
The export of the "new three things" has increased vigorously
With the changes in the epidemic prevention and control situation, epidemic prevention materials, "home economy" related products and other important supports for the rapid growth of China's exports, and the current export performance has returned to normal. Finding new growth points is of great significance to the long-term development of China's exports.
Official data show that in the first quarter of this year, the total export of China's electric manned vehicles, lithium batteries and solar cells "new three" products increased by 66.9%, a year-on-year increase of more than 1000 billion yuan, driving up the overall growth rate of exports by 2 percentage points, further strengthening the driving force over last year. Among them, the export of electric manned vehicles was 647.5 billion yuan, a year-on-year increase of 122.3%.
Lu Daliang said that in the first quarter of this year, China's "new three things" have export records to more than 200 countries and regions around the world, of which the top five markets of the European Union, the United States, ASEAN, South Korea and the United Kingdom together accounted for 71.6% of the total export value of the "new three things".
Market diversification continues to advance
In the first quarter, China maintained positive growth towards most of the top ten export markets. Among them, exports to ASEAN increased by 28% year-on-year, and exports to South Korea, India and Mexico also grew by more than double digits. Lu Daliang said that China's regional market has further developed and is also more balanced.
The diversification of the foreign trade market helps to diversify risks and stabilize the foreign trade market at a time when the world economy and trade prospects are facing uncertainty.
Recently, the executive meeting of the State Council has requested that in view of the actual problems in different fields, the relevant policies should be continuously enriched, adjusted and improved, and the combination of foreign trade policies should be implemented to help enterprises stabilize orders and expand the market. With the launch of more "combined fists" to stabilize foreign trade, China's foreign trade can be expected to grow steadily. (End)