Import Innovation And High Foreign Trade Entered A "Honeymoon Period" In January.

"2. 14" Valentine's day, China

Customs data show that in January, the total value of imports and exports was US $295 billion 10 million, of which US $150 billion 730 million was exported.

It is worth noting that the import value once again set a record in that month.

Many experts said that this shows that the country's import and export structure has been gradually improving.

While the balance of imports and exports was more balanced, the trade surplus narrowed to 6 billion 450 million US dollars in January, a decrease of 53.5%.

Experts predict that the growth rate of imports over the first half of this year will be normal.

For the year-round surplus, they believe that the narrowing of the single month surplus will not represent the trend of the whole year, and the total surplus will remain high this year.

Import growth is again higher than exports.

Customs data show that in January, the total value of imports and exports was 295 billion 10 million US dollars, an increase of 43.9% over the same period last year, of which exports were US $150 billion 730 million, an increase of 37.7%, and imports of US $144 billion 280 million, an increase of 51%.

The above three indicators increased by 21.4%, 17.9% and 25.6% respectively in December last year.

In that month, export value and import value were 154 billion 150 million US dollars and 141 billion 70 million US dollars respectively, both of which set a record high in November last year.

The foreign trade data in January this year are not inferior, among which import value is higher than that of last December.

Compared with relying on traditional mode to win short-term benefits, China's foreign trade policy has shifted its focus to structural adjustment and pformation.

As the keynote set by the central economic work conference is: we must insist on paying equal attention to exports and imports, absorb foreign investment and foreign investment equally, create new advantages in foreign trade competition, continue to stabilize and expand external demand, accelerate the pformation and upgrading of processing trade, optimize the import structure, expand import scale, and play an import role in macroeconomic balance and economic restructuring.

Some experts believe that the growth of foreign trade imports is higher than that of export growth, which will become the main feature of foreign trade in 2011.

"In 2010, imports grew more than exports in 7 months. Before 2008, import growth never exceeded export growth, resulting in high surplus and high foreign reserves.

Import growth is higher than export growth, which is an important change in China's foreign trade, which is closely related to the pformation of China's economic growth mode.

Zuo Xiaolei, chief economist of galaxy securities, said in an interview with Xinhua news agency.

Lian Ping, chief economist at Bank of communications, said that the rise in volume and price of commodities is also an important factor in the import boom in January.

In addition, the import of high-tech products and new technologies is also a factor.

Annual surplus is still high.

Influenced by the Spring Festival holiday, the concentrated import and export before the festival also promoted the rapid growth of foreign trade in January.

Liu Yuanchun, vice president of the school of economics, Renmin University of China, told reporters that the growth rate of imports in the first quarter will remain strong, but it may fall back in the two or three quarter.

Compared with the January high import data, export data is stronger than many experts expect.

They told reporters that the annual surplus will remain high.

Lian Ping believes that export data is strong, probably due to part of the international short-term capital, through current account and trade settlement, that is, high export growth.

For the annual trade surplus under customs estimate, Haitong Securities macroeconomic researcher Wang Hui believes that the single month data can not explain the problem, the annual surplus will not be reduced too much, he estimated that about 200 billion U.S. dollars.

Lian Ping expects that the central surplus will further narrow in the first half of this year as the central government further demonstrates its strategic effect of promoting trade balance through the expansion of imports, and even does not exclude the situation of single month deficit as it did last year. However, with the further recovery of the international market in the second half of this year, this situation may change. Taking into account the possible upward trend in commodity prices, the annual surplus is expected to be around 150 billion dollars.

Sun Chi, a Chinese economist at Nomura Securities, estimated that the proportion of China's current account surplus to GDP reached 5.2% in 2010, the lowest in 5 years. The figure will narrow to 4.1% in 2011 and further decrease to 3.1% in 2012.

Huang Yiping, Professor of the National Development Research Institute of Peking University, saw that the gradual decline in the proportion of GDP in trade surplus is a very positive progress. If we adopt a series of policies from exchange rate to structural reform, we can eventually reduce the ratio to below 3%.

According to customs statistics, China exported 1 trillion and 577 billion 930 million US dollars in 2010 and imported 1 trillion and 394 billion 830 million US dollars.

Among them, the trade surplus was 183 billion 100 million US dollars, a decrease of 6.4%.