Behind The Foreign Trade Data: Corporate Profits Have Dropped Noticeably And Cost Pressures Have Risen.

Figures released by the General Administration of Customs on 10 may show that in the first half of this year, China exported $666 billion 600 million, an increase of 21.9% over the same period last year, and the growth rate slowed by 5.7 percentage points over the same period last year.

"Although export growth has dropped slightly, the pcript of foreign trade in the first half of the year is still very beautiful."

Zhang Xiaoji, Minister of Foreign Economic Research of the State Council Development Research Center, said.

Taking into account the reduction of external demand, the appreciation of the renminbi and the macroeconomic regulation and control, people in the economic circles are generally worried that China's exports will significantly slow down.

But in fact, exports have maintained a growth rate of over 20% this year.

"Exports grew fast in the first half of the year, and the rapid growth of demand in emerging economies was one of the reasons.

At the same time, compared with other countries, China's manufacturing industry still has certain cost advantages, and external demand will not be significantly reduced. "

Li Jian, a researcher at the Ministry of Commerce and Trade Research Institute of China foreign trade research, said.

In the first half of this year, China's export growth to the top two trade partners of the United States and the European Union was 8.9% and 27%, respectively, by 8.9 and 3.2 percentage points respectively over the same period last year.

At the same time, China's exports to emerging economies such as India and Brazil grew by 52.9% and 86.3% compared to the same period last year, all of which maintained a momentum of rapid growth.

Zhang Xiaoji believes that this year's global economic situation is not very good, affected by the reduction of external demand factors, China's export growth has dropped, but our competitors are also facing severe challenges.

China's export enterprises, though difficult, will not lose their overseas markets easily.

"While we are seeing a rapid growth of exports, we should also pay attention to the fact that the profits of export enterprises have obviously decreased and the cost pressures have increased significantly," he said.

Zhang Xiaoji reminded.

This year, influenced by the soaring prices of primary commodities such as grain and energy, China's export enterprises are also facing the pressure of accelerating the cost of raw materials and fuels.

At the same time, the gradual increase in labor costs, land, banking, environmental protection and other policies continue to tighten, coupled with the apparent reduction of external demand, China's export enterprises, especially small and medium-sized enterprises are facing unprecedented challenges.

East China and Southern China are the most concentrated areas of China's foreign trade enterprises.

According to the latest research of the development research center of the State Council, the most common problem of foreign trade enterprises in East China is the capital chain. The most important problem in Southern China's foreign trade enterprises is the shortage of electricity and fuel.

Zhang Xiaoji also pointed out that "exchange risk" is also a major challenge for export enterprises.

With the continued depreciation of the US dollar, China's exchange rate has been constantly adjusted, and enterprises can not grasp their own profit expectations, and dare not let go of external orders.

"From the perspective of enterprises, we are facing great pressure at the moment.

Most of them hope that the country's foreign trade, exchange rate and financial policies will remain stable while creating a relatively relaxed environment so that exports can continue to maintain a relatively fast growth momentum in the second half of the year.

Li Jian said.