In August, the decline of foreign trade narrowed and new growth points were cultivated in the adverse situation

On September 7, the General Administration of Customs released data showing that in the first eight months of this year, China's total import and export value was 27.08 trillion yuan, a slight decrease of 0.1% year on year. In August, China's import and export amounted to 3.59 trillion yuan, down 2.5% year on year and up 3.9% month on month.

Lv Daliang, Director of the Department of Statistics and Analysis of the General Administration of Customs, said that in the context of sluggish global economic and trade growth, China's exports kept growing and its international market share remained stable in the first eight months. From the monthly trend, the export scale rebounded to more than 2 trillion yuan in July, further expanded in August, and achieved month on month growth for three consecutive months, showing strong resilience.

According to the analysis of industry experts, the decline of China's import and export in August has narrowed, and has stabilized significantly compared with June and July, showing strong resilience against the backdrop of falling demand in the international market. At the same time, China's structural adjustment and optimization of foreign trade is accelerating, providing support for high-quality development of foreign trade.

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Zhou Mi, a researcher from the Research Institute of the Ministry of Commerce, said in an interview that the development of trade reflects the changes in the supply-demand relationship and capabilities of all parties. China remains one of the most important forces to enhance confidence in the global market and ensure the stability of trade relations. The stability of China's foreign trade plays an important role in the economic recovery of all countries in the world.

It is worth noting that in the context of sluggish global economic and trade growth, China's new foreign trade products and new business types have shown sufficient momentum. Data shows that in the first eight months, China exported 8.97 trillion yuan of electromechanical products, up 3.6%, accounting for 58% of the total export value. Among them, automobile exports totaled 442.7 billion yuan, up 104.4%, with a strong growth.

"The structural adjustment and optimization of China's foreign trade is accelerating." Zhou Mi said, from the data, we can see that the structure of China's export products has been further optimized, mechanical and electrical products still maintain a stable growth, the export volume of important commodities such as automobiles has increased rapidly, and the impact on the global automobile industry has continued to accelerate. Although the price of bulk commodities in the international market is weak, China's import volume has kept increasing with its huge and continuous demand, providing stable demand for all exporting countries.

In addition, in terms of foreign trade entities, in the first eight months, China had 580000 foreign trade operators with import and export performance, and private enterprises accounted for more than 80% of the total, with a total import and export of 14.33 trillion yuan, a year-on-year increase of 6%, accounting for 52.9% of China's total foreign trade value, and continued to maintain the main force in foreign trade.

However, the insiders also pointed out that the pressure on foreign trade is still not small, economic factors and non economic factors are intertwined, and the situation is grim.

In the face of this situation, the policy will continue to strengthen. The reporter learned that the Ministry of Commerce will continue to work closely with the Ministry of Foreign Affairs, the Civil Aviation Administration, the Immigration Bureau and other departments to jointly promote the resumption of flights and increase flights of Chinese and foreign airlines and provide more convenient inbound and outbound visa services; Increase the support for foreign trade enterprise personnel to participate in overseas exhibitions and carry out overseas marketing; It will also focus on strengthening the docking of rules and support the first attempt in the field of digital trade. In addition, special policy measures such as improving the development level of processing trade and promoting trade cooperation in new energy vehicles are expected to be launched in the near future.

Enterprises are also increasing efforts to explore. Ningbo Junling Mould is making constant efforts towards a new model of industrial upgrading led by scientific research. This die casting enterprise, with only about 200 people, withstood the impact of the epidemic and the pressure of transformation, and accelerated the exploration of new models. "From single mold development to chain layout, through the digital transformation of tens of thousands of mold processing procedures, the collaborative supply chain of sharing orders and offsetting risks with dozens of small and micro suppliers has been realized, and the overall efficiency of the enterprise has increased by more than 30%." Yao Xianjun, the general manager of the company, sighed, "The more difficult the road is, the stronger the competitiveness will be."

These have also become an important endogenous driving force for the development of China's foreign trade. "The majority of enterprises are the cornerstone of the development of foreign trade." Shu Jueting, spokesman of the Ministry of Commerce, said recently in response to a question from the reporter, that China's foreign trade enterprises have increased in number and vitality. The majority of business entities insist on practicing their internal skills. They seize opportunities and seek development by increasing R&D investment, focusing on market segmentation, integrating industrial resources, establishing digital supply chain, etc., and show strong resilience and creativity.

Looking forward to the future, Wang Qing, the chief macro analyst of Oriental Jincheng, analyzed that under the support of various stable foreign trade policies, the export repair of domestic private enterprises is fast, the growth momentum of cross-border e-commerce and other new foreign trade businesses is good, and in addition, the strong growth of new energy vehicles, lithium batteries, solar cells and other foreign trade "new three kinds" will help to alleviate the drag of insufficient overseas orders on China's exports.

Pang Chaoran, an associate researcher of the Research Institute of the Ministry of Commerce, also believes that, next, although the pressure on the steady growth of foreign trade still exists, the overall competitiveness of China's foreign trade will continue to improve with the continuous efforts of various policies and the growing vitality of enterprises.