China's Foreign Trade Situation Report: It is necessary to "prescribe the right medicine"

Abstract According to reports, the situation of China's foreign trade has indeed improved this year, but to stabilize and improve quality and efficiency, there are indeed many 'can's in China's foreign trade. Let's take a look at the small series of world clothing and shoes nets. "2...
According to reports, China's foreign trade situation has indeed improved this year, but to stabilize and improve quality and efficiency, there are indeed many 'can's in China's foreign trade. Let's take a look at the small series of world clothing and shoes nets.
"The environment facing China's foreign trade development in 2017 is expected to be slightly better than the past two years. In the future, import and export are expected to continue to stabilize, but there are still many uncertainties and uncertainties. It will take hard to achieve the goal of stabilization throughout the year. Efforts." Recently, the "China Foreign Trade Situation Report (Spring 2017)" issued by the relevant units of the Ministry of Commerce made the above judgment on the foreign trade situation this year. Experts pointed out that in order to stabilize and improve, there are indeed many "cancers" in China's foreign trade. The most prominent ones at present are the instability of external demand, the fierce competition in the industry and the frequent trade frictions. The right medicine to promote the foreign trade "climbing over the ridge."

Open year data is good
Since the beginning of this year, China’s foreign trade has performed well. Experts pointed out that from the first quarter data, imports and exports increased by 21.8% year-on-year, of which the export growth rate in March hit a new high in a single month in the past two years. The structure of foreign trade continued to be optimized, and the export of mechanical and electrical products was better than the whole. The import and export of general trade increased and the proportion increased. Positive changes increased significantly.
In addition, the 121st Canton Fair, which closed on May 5, also witnessed the recovery of foreign trade. Xu Bing, spokesman of the Canton Fair, said that the overseas buyers of the Canton Fair were better than the same period last year. Buyers attended more than 196,000 people from 213 countries and regions, an increase of 5.87%. The cumulative export turnover was 206.357 billion yuan, a year-on-year increase of 6.9%.
"This year China's foreign trade situation has indeed improved. In addition to data strength and structural optimization, the domestic and international environment we are facing is also improving. Internationally, the global economy is picking up, the external demand situation is obviously improving; new trade methods are emerging, and new industries are playing a role in trade. In the domestic view, the structural reforms that have been continuously promoted have begun to show results, and are promoting the formation of new advantages of China's foreign trade and enhancing the competitiveness of foreign trade," Li Dawei, an associate researcher at the Institute of Foreign Economic Research of the National Development and Reform Commission, said in an interview.

Trade protection barrier
Although the situation has improved, the resistance to good foreign trade stability cannot be ignored. The "Report" of the Ministry of Commerce believes that the current challenges and pressures for China's foreign trade development are highlighted in the following: First, the foundation for the recovery of external demand is not stable; second, the new round of industry competition is more intense; third, the impact of trade friction is further highlighted.
"To stabilize and improve, improve quality and efficiency, there are indeed many "cans" in China's foreign trade. In terms of the big environment, in the case of large uncertainties in the world, external demand is hard to fully improve. This is obviously not conducive to the continued stabilization of foreign trade.” Li Dawei said that in addition, fierce competition is a “big hurdle” that China’s foreign trade needs to take. The reason is: on the one hand, China’s new foreign trade advantage is not strong enough; Under the background that all countries are improving the competitiveness of their manufacturing industry, the traditional competitive advantage of China's manufacturing industry is continuously weakened.
According to the data of the Ministry of Commerce, in the whole year of 2016 and the first two months of 2017, China's export growth rate is lower than that of emerging economies such as Vietnam, India and Indonesia, and lower than the developed countries such as the United States, the European Union and Japan.
At the same time, trade frictions and protectionism are becoming a shadow that hampers China's and even global trade growth, and has aroused high concern from the international community. World Trade Organization (WTO) Director General Azevedo said in Berlin recently that some developed countries have set up trade barriers in response to job losses, which is very harmful. He described the trade war as a "destructive zero-sum game." The International Monetary Fund (IMF) also previously stated that the "sword of trade protection" is still high on global trade.

3 "unchanged" highlight advantages
"In the face of challenges, it is necessary to 'prescribe the right medicine' and promote the foreign trade 'climbing over the hurdle'. First of all, China's current share of the international market has exceeded 13%. In the case of unstable external demand, it is difficult to further increase the market. Share, but should strive to consolidate this higher level; secondly, to enhance the competitiveness of foreign trade is the top priority, not only to vigorously support the development of new foreign trade formats, but also to continue to improve the competitiveness of traditional industries, in terms of quality, standards and brands, etc. Work harder; in addition, we should continue to improve the level of trade facilitation and expand international trade cooperation." Li Dawei said.
Li Dawei further pointed out that in terms of international trade cooperation, the “Belt and Road” has an important role in stabilizing China's foreign trade and even global trade. Recently, China's trade with the countries along the “Belt and Road” has grown rapidly, and it has formed strong support for the stabilization of foreign trade. In addition, the continued promotion of “One Belt, One Road” will help to further reduce trade barriers, expand markets, and promote trade growth and sustainable development among all parties including China.
As far as the future is concerned, the Ministry of Commerce stresses that China’s foreign trade has three “unchanged”, that is, the fundamentals of foreign trade development have not fundamentally changed, and the complementary advantages of industries with developed countries and developing countries have not changed, and foreign trade structure adjustment and power conversion have accelerated. The trend has not changed. After the hard work of the vast number of enterprises, we are confident that we will continue to stabilize and achieve good goals throughout the year.

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