Economic observation: China's foreign trade shows four positive signs in the first three quarters

China news agency, Beijing, October 13, topic: Four positive signs emerged in China's foreign trade in the first three quarters

China News Service reporter Li Xiaoyu

China's foreign trade "report card" for the first three quarters was released on the 13th. At a time of overall downturn in global trade, China's foreign trade withstood the pressure, and its scale was generally stable, with more and more positive signals.

The scale of import and export rises quarter by quarter

According to official data, the total value of China's import and export in the first, second and third quarters of this year was 9.72 trillion yuan (RMB, the same below), 10.29 trillion yuan and 10.79 trillion yuan, respectively, with the scale growing steadily. Among them, the total value of imports and exports in September was 3.74 trillion yuan, increasing for two consecutive months month on month. With three fewer month on month and one less working day year on year, the scale reached a new monthly high in the year.

Lv Daliang, spokesman of the General Administration of Customs of China, said that China's foreign trade operation has a good overall trend, with the import and export scale expanding quarter by quarter and the monthly trend improving. As China's foreign trade continues to stabilize its scale and improve its structure, "good" changes will become more prominent.

Zhou Maohua, macro researcher of the financial market department of Everbright Bank, said that China's foreign trade has achieved steady growth under adverse conditions such as slowing global demand, sharp decline in exports of some major surrounding countries, and falling prices of import and export commodities, which is enough to show its strong resilience.

Export advantages continue to consolidate

Lv Daliang introduced that in the first three quarters, the market share, international competitiveness and brand influence of China's advantageous export industries such as shipbuilding, construction machinery and household appliances were further improved. At the same time, the import and export of the consumer electronics industry showed a recovery momentum. The import and export of integrated circuits rebounded in August and September, and the year-on-year decline of mobile phone and computer exports in September was significantly narrowed.

In addition, as a "star product" exported by China in recent years, the export value of "new three kinds" products such as lithium batteries, electric manned vehicles and solar cells has maintained double-digit growth for 14 consecutive quarters. According to official statistics, the total export of China's "new three samples" products in the first three quarters was 798.99 billion yuan, up 41.7% year on year.

The vitality of private enterprises was further enhanced

Official data shows that the import and export of China's private enterprises in the first three quarters was 16.34 trillion yuan, up 6.1% year on year, accounting for 53.1% of China's total import and export value, and the monthly import and export growth was higher than the overall. Over the same period, the export proportion of private enterprises' self owned brand products increased by 0.7 percentage points to 22.7% year on year, and brand awareness in automobile, engineering machinery, consumer electronics and other fields was further improved.

The participation of private enterprises in the semiconductor industry has also continued to increase. Lv Daliang said that the proportion of private enterprises in IC import and export in the first three quarters increased by 2.6 and 4.9 percentage points respectively, to 42% and 32.8%.

Private enterprises have always been regarded as "stabilizers" of foreign trade because of their flexible response and keen market sense. The outstanding performance of private enterprises in brand building means that China's foreign trade resilience and competitiveness continue to grow.

Enterprise orders and confidence improvement

With the release of a series of stable foreign trade policies, the confidence of Chinese foreign trade enterprises is recovering. The survey results of China Customs' trade climate statistics show that the proportion of enterprises with new exports and import orders increased or remained flat month on month in September increased by 0.8 and 1.7 percentage points respectively compared with the previous month, and the proportion of optimistic enterprises in exports and imports increased by 1.3 and 0.7 percentage points respectively compared with the previous month.

Lv Daliang said that in the future, we will strengthen the reserve of policies and measures for stabilizing foreign trade and introduce new policies and measures in due time around the key directions of stabilizing export expansion, developing diversified markets, and helping enterprises to rescue. (End)

key word: New Three Kinds Star products stabilizer school report Total value of import and export