It Is Reported That The Default Rate Of Export Earnings Increased By 189%.

Under the shadow of the international financial crisis, China's East China Import and Export Fair (hereinafter referred to as "China Fair") as a "barometer" of China's foreign trade has attracted the attention of all parties.

Every year in March, the import and export situation of Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Anhui and Jiangxi will first be displayed on the "foreign trade thermometer" of the China Trade Fair.

In March 5th, the 5 day China Trade Fair ended. The China Economic Weekly reporter saw the statement in a summary report to be submitted to the Ministry of Commerce by the Organizing Committee of the China Trade Fair: "due to the strong impact of the financial crisis, the Chinese Trade Fair has encountered unprecedented difficulties, and the volume of export pactions has dropped significantly.

The total export turnover was 2 billion 240 million US dollars, down 39.06% from the previous one.

An official of the Shanghai Business Council exclaimed to China Economic Weekly: "the turnover of the China Trade Fair has dropped by 40%, almost back to the level of 2003. This shows that the Yangtze River Delta's foreign trade has been shivering this year, and the situation is already very grim."

　　長三角出口大幅下滑

"The turnover of Shanghai trading group this year is only 148 million US dollars, down 70%-80% from last year."

In March 1st, Tang Dengjie, vice mayor of Shanghai, who was in charge of foreign trade and economic cooperation, introduced the work to the Vice Minister of Commerce, Zijin Mountain. "In January this year, Shanghai's import and export volume decreased by 29.6%, of which, exports dropped by 16.7%, imports fell by 43.4%, and the rate of decline has accelerated. It is estimated that the import and export trade in February will still fall by more than 20%."

"The situation of Shanghai's foreign trade is not optimistic because of the impact of the financial crisis," the person in charge of the foreign trade planning and operation Department of the Shanghai business commission said to China Economic Weekly.

Statistics from Shanghai Statistics Bureau also showed that in January this year, the export of mechanical and electrical products in Shanghai declined significantly, down 19.2%, compared with an increase of 28.2% in the same month last year.

Compared with Shanghai, Jiangsu and Zhejiang, the two wings of the Yangtze River Delta, are also facing a sharp decline in import and export.

Although the import and export situation of the Yangtze River Delta provinces is not optimistic, there are also companies in the "counter trend".

Why is there such a "counter trend", John, President and chief executive of American BT president, said in an interview with China Economic Weekly: "the current economic situation is more challenging than when we first invested, but we have made the choice of investing in China, which shows that the long-term development of Asia Pacific emerging markets and related downstream enterprises is very confident, and we expect the economy to recover."

　　新興市場成交額下降

In March this year, Li Jian, a researcher at the Ministry of Commerce, said to China Economic Weekly: "the current situation of China's foreign trade has changed, and the commodities that have fallen sharply in import and export have expanded to electromechanical products and high-tech products.

Earlier, at the National Conference on business affairs, Chen Deming, Minister of Commerce, held that the importance of implementing the strategy of diversification of export markets in the current special period and specific circumstances.

He said: "China should continue to consolidate the traditional markets such as the United States, Europe and Japan, and accelerate the implementation of the market diversification strategy, and actively guide enterprises to fully understand the role of emerging markets, and do not want small orders, thin profits, no fear of hardship, and great efforts to expand the export markets of emerging economies and developing countries such as South Asia, the Middle East, Central Asia, South America and Eastern Europe."

According to a research report provided by China Export and Credit Insurance Corp, compared with the export trade with developed countries in Europe and the United States, the total volume of export trade to emerging markets is relatively small, but its growth rate is very fast, especially for Latin America, Africa and other developing countries.

According to statistics, the highest turnover in the China Fair was in Japan, with a turnover of US $657 million, a decrease of 27.53% compared with that of the previous session. The European Union traded at second place, closing at 524 million US dollars, down 40.36% from the previous session; the US turnover was third, with a turnover of 310 million US dollars, a decrease of 46.70% over the previous session.

Emerging markets do not show any bright spot compared with these traditional developed markets.

The Organizing Committee of the China Trade Fair believes that the consumption demand of the international market is declining due to the financial crisis. Although the number of orders has been increased, the number of small orders, short lists and lots of people is afraid to make a big sale.

Li Jian, a researcher at the Ministry of Commerce, said to China Economic Weekly: "in the face of the sudden outbreak of the crisis, the market is expected to turn rapidly, and the commodity prices generally fall, they have to rapidly reduce and digest inventory.

　　外商誤讀中國出口退稅政策

Faced with such a realistic situation, what kind of policies China will adopt to help exporters to spend the downturn in China's economy has become the focus of attention.

"We will comprehensively comb out the current foreign trade policy, help enterprises reduce burdens and increase confidence, and improve relevant policies according to the changing situation, including improving the export tax rebate rate of some commodities and improving the coverage of export credit insurance."

Yu Danhua, director of the Ningbo Municipal Bureau of foreign trade and economic cooperation, told China Economic Weekly that at present, the state should further improve the export tax rebate rate of electromechanical products.

Li Jian, a researcher at the Ministry of Commerce, told reporters that the export tax rebate rate is indeed up to the present level, but the rate of increase is limited.

For example, he said, first of all, in essence, they are all price competition means, which will provide space for some export enterprises to compete with each other, and may not stimulate foreign demand. Secondly, it may lead to more trade frictions and contribute to the rise of trade protectionism. Third, the protection of some backward production capacity that should have been contracted and the export of "two high and one capital" products are not conducive to structural adjustment.

Reporters learned at the China Fair that some foreign businessmen misread China's expectation of raising the export tax rebate rate as China will inevitably raise the export tax rebate rate, and therefore export export tax rebate profits to Chinese exporters as a bargaining chip for its price negotiations.

The Organizing Committee of the China Fair said that the Chinese government and local governments have introduced supporting policies and measures to ensure growth and promote development. The export tax rebate policy still has room for adjustment, resulting in a lot of "anticipation" for foreign businessmen, prompting them to wait and see, and become cautious.

　　企業出口收匯違約率增加189%

"In 2008, due to the weakening of external demand, some foreign merchants temporarily withdraw their orders, resulting in the export enterprises not only making money but also losing money."

Yu Danhua, director of the Ningbo Municipal Bureau of foreign trade and economic cooperation, told the China Economic Weekly that exchange rate fluctuations are one of the main reasons that affect the market and business efficiency of enterprises.

For example, he said that a Au Optronics Co in Ningbo lost 1 million yuan in foreign exchange receipts due to a significant depreciation of Brazil's currency against the US dollar.

Yu Danhua said that most of the current foreign trade enterprises have a certain risk of accounts receivable, order cancellation, payment lag, customer failure and other phenomena are generally increasing.

According to a research report provided by China Export and Credit Insurance Corp, under the current economic crisis environment, whether it is to maintain the original market or develop emerging markets, the security of foreign exchange collection is the biggest challenge to implement the market diversification strategy.

The reporter understands that at present, the credit risk of overseas buyers is increasing, the risk of overseas sovereign default is increasing, and the credit risk of foreign banks has been increasing.

The China Export and Credit Insurance Corp told China Economic Weekly: "these changes make it difficult for export enterprises to make a choice between order opportunity and accounts receivable risk, and the competition among export enterprises is more intense.

With the further demand of the international market