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Why Does China's Foreign Trade Grow Against The Market?

Dec 08, 2020 Leave a message

The China Container Industry Association recently stated that since July, China's export volume has risen sharply, and the demand for export containers has soared. Whether it is the shipping market or the China-Europe freight train, there has been a shortage of container sources, soaring freight rates and delayed turnover. In this regard, the Ministry of Commerce of China stated in a regular press conference that since this year, in response to the severe challenges brought by the new crown pneumonia epidemic to the development of foreign trade, the State Council has successively introduced a series of policies and measures to stabilize foreign trade in accordance with the decisions and deployment of the Party Central Committee. China's foreign trade continued to stabilize and improve, which played an important role in ensuring the stability of the global industrial chain and supply chain and promoting the recovery of the world economy.

我国2018年外贸进出口总值创历史新高

The frequent occurrence of "Black Swans" in 2020 has caused China's foreign trade to experience tremendous challenges and pressures. However, when looking back at the end of the year, there were also surprises and small surprises. According to statistics from the General Administration of Customs, China's trade in goods from January to November this year The total value of imports and exports was 29.04 trillion yuan, an increase of 1.8% over the same period last year. In November, China's foreign trade imports and exports were 3.09 trillion yuan, an increase of 7.8% year-on-year. According to statistics, in the first three quarters of this year, China imported and exported 187.39 billion yuan through the customs cross-border e-commerce management platform, a year-on-year increase of more than 50%. According to data released by Eurostat recently, the total trade in goods between the EU and China in the first three quarters was 425.5 billion euros, a year-on-year increase of 3%. China continues to maintain the status of the EU's largest trading partner...

 

Against the background of a sharp decline in global trade, China's foreign trade has shown a trend of growth against the market as a whole.

疫情尚未结束

The industry believes that the pressure on China's foreign trade growth in the future will still be great, and it is necessary to increase the stability of foreign trade policies. This is specifically reflected in the need to comply with the requirements of ensuring employment, basic people's livelihood, and market entities, well implementing the policies that have been issued, and increasing support to protect small, medium, and labor-intensive foreign trade enterprises. In addition, it is necessary to further improve the export tax rebate method and speed up the tax rebate progress; guide financial institutions to strengthen financing support such as credit, credit insurance, and guarantee; accelerate the development of new foreign trade formats and models such as cross-border e-commerce; encourage the construction of overseas warehouses and increase foreign trade services Support for platform construction.

 

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