Guangdong's Foreign Trade Enterprises Are Standing At The Storm Mouth.

Reporters recently learned from the Guangdong Provincial Bureau of statistics. In February, Guangdong achieved a trade surplus of US $4 billion 610 million, down 26.6% from the same period last year, the lowest monthly value since March 2006. As one of the major foreign trade provinces in China, Guangdong's foreign trade import and export value has been ranked first in the country for 22 consecutive years. The import and export volume in 2007 has exceeded 600 billion US dollars. The main foreign trade volume index of Guangdong still occupies the absolute first place in the foreign trade of the whole country. However, customs statistics show that Guangdong's foreign trade growth rate has been lower than the national growth rate for 5 consecutive years, and its proportion in the whole country has been decreasing year by year. According to the statistics of Guangdong Bureau of statistics, in 2008 1-2, the growth rate of Guangdong's foreign trade imports and exports showed a downward trend, compared with 2007, the same period increased by 14.1%, but it was lower than the 23% growth rate of the whole country. Although the growth rate has dropped significantly, the total value of its imports and exports is 95 billion 240 million US dollars, still accounting for 26% of the total import and export value of the country. In February, Guangdong's foreign trade showed a general trend of export deceleration and import speed increase. The total import and export volume reached US $42 billion 90 million in one month, up 9.1% over the same period last year. Among them, exports of 23 billion 350 million US dollars, an increase of 4.1%, lower than the 26.3% increase in January. Obviously, the global economic growth is generally slowing down by the US subprime crisis, and its impact on Guangdong's exports is also increasing. The impact of the low-end products is the most obvious. From the data of Guangdong Statistical Bureau, it is easy to see that the export growth of industrial products has dropped significantly, and the electronic information industry and textile clothing have dropped considerably. In 2007, Guangdong's exports of more than 1 billion U.S. dollars and accounted for more than 40% of the country's major categories of dominant commodities mainly concentrated in mechanical and electrical products and traditional bulk commodities, including watches, jewelry, fans, game machines, video recorder and furniture and other 25 kinds of commodities. Among them, among the top 10 commodities, 7 kinds of merchandise, such as videotapes, game machines, toys and static converters, account for over 50% of the total value of their exports. But by 2008, the export of large industrial products, including the electronic information industry, had dropped considerably. Statistics show that in 2008 1-2, the total value of foreign trade and import and export in Guangdong was 95 billion 240 million US dollars, of which 54 billion 990 million US dollars were exported, an increase of 15.8%, an increase of 6.4 percentage points lower than that of 2007, which is lower than the 16.8% growth rate of the national export. The import 40 billion 250 million US dollars, up 11.7%, lower than the growth rate of 30.9% imports nationwide. The cumulative surplus reached 14 billion 740 million US dollars in 1-2 months, an increase of 28.8%, an increase of 7.4 percentage points lower than that in 2007. In February, the growth rate of industrial production in Guangdong slowed down. Among them, the added value of the above scale industry was 92 billion 110 million yuan, an increase of 12.1%; in 1-2 months, the added value was 203 billion 926 million yuan, an increase of 12.7%, an increase of 5.6 percentage points over the whole year of 2007. Among them, the export growth of industrial products showed a marked downward trend. In 1-2 months, the delivery value of Guangdong's industrial exports reached 327 billion 715 million yuan, an increase of 9.5%, an increase of 11 percentage points over the same period. From the nine industries, the export growth of the three emerging pillar industries dropped by 10.7 percentage points over the same period, and the electronic information industry dropped by 15.5 percentage points. The three traditional industries dropped 12.8 percentage points, of which the textile clothing dropped by 14.5 percentage points, and three potential industries dropped 7.2 percentage points, of which the forest industry papermaking decreased by 10 percentage points. In terms of market share, the export growth of two cities in Shenzhen and Dongguan, which accounted for 56.1% of the value of Guangdong's export delivery value, slowed down significantly, with an increase of 26.1 and 8.3 percentage points respectively. Behind the slowdown in Guangdong's exports, the growth rate of foreign trade in the whole country dropped from 20% last year to 6.5%, lower than most months in last year, and the increase in industrial enterprises also hit a new low in December 2006. The "made in China" labor pains period: the optimization of import and export structure, Guangdong's export deceleration has its historical and realistic reasons. It is undeniable that the lagging effect of export tax rebates and other factors has been greatly affected since last year, and the state's macroeconomic regulation and control of a series of export policies for processing trade is also an impact on the manufacturing industry of the PRD, which is the main player in foreign trade. Professor Liu Dexue, director of the Department of international economics and trade, School of economics, Jinan University, said the forbidden catalogue of processing trade issued by the Ministry of Commerce, though its adjustment is intended to continue to optimize the structure of export commodities, curb exports of products of "two high and one capital" and low value-added and low technology content, and push forward the transformation and upgrading of processing trade. However, it is inevitable that the export volume of Dongguan and Shenzhen, or even the whole province of Guangdong, which are mainly manufacturing industries, will be greatly slowed down. Due to tightening the processing trade policy, further expanding the processing trade restricted catalogues and ledger margin system, and the new labor contract law, RMB appreciation and labor shortage that have just been implemented this year, the Hongkong Federation of trade unions recently conducted a survey. 46.9% enterprises pointed out that this would reduce the profits of manufacturing enterprises and make them face losses. The survey also showed that in the past year, the cost of manufacturing enterprises in the PRD increased by an average of about 20%. In addition, 33.8% enterprises estimate that in the next 2 years, some 10%-20% enterprises will be closed down under cost pressure, and 30.6% will be pessimistic. 20%-30% enterprises will be closed. All these factors have greatly restricted the growth of import and export trade in Guangdong and even the whole country. Another set of data shows that Guangdong's total exports to the United States have declined, and Guangdong's exports to the US have obviously slowed down. In January 2008, Guangdong exported $6 billion 20 million to the US, up 4.1% from the same period last year, far below the growth rate of 12.2% in the Sino US bilateral trade and 26.3% in Guangdong's overall foreign trade. Obviously, the sustained downturn in the US economy has inevitably affected China. Guangdong's large export enterprises are standing at the forefront of the blizzard. Moreover, in fact, since the second half of last year, a series of Chinese manufacturing crises, including product quality problems, are still troubling China's export enterprises. "Orders have been declining, especially for small and medium-sized enterprises that have received bulk products," he said. Guo Weiwen, Secretary General of the WAN Bang Footwear Company and the Guangdong footwear alliance, told reporters: "since last year, the processing trade enterprises have been having a hard time. The quality standards of imported products in Europe and the United States have been improving and the inspection is more rigorous. Small and medium-sized processing trade enterprises may not be able to update these standard data in time, so that the quality credibility crisis often occurs. Reporters learned that in the past two months, the standards of imported products have been upgraded in many countries. Among them, the toy threshold has been greatly improved. It is reported that the US Congress will pass two toy laws this year: first, the prohibition of lead content in toys; two, the import of toys should be certified by third parties, from voluntary to compulsory, and the punishment may be increased, and the maximum penalty will be increased from 1 million 260 thousand to 10 million dollars. It is understood that the United States House of Representatives recently passed a bill requiring the reduction of lead content in toys to near zero. But the departments concerned are obviously prepared. "Guangdong is adjusting and optimizing its export structure. We will strive to improve the added value of export products and promote the export of high-tech products. " For the current situation of Guangdong's export trade, Guangdong provincial foreign trade and Economic Cooperation Department official told reporters. In 2008, Chen Deming, Minister of Commerce, further suggested that the Ministry of Commerce will focus on optimizing the import and export structure this year, maintaining the basic stability of export policy and paying more attention to expanding imports. According to the reporter, although the processing export trade has decreased year by year, but in 2007, Guangdong's high-tech exports reached $121 billion 100 million, an increase of 59.1% over the previous year, accounting for 32.8% of the total exports of Guangdong in the same period. The contribution rate to Guangdong's total export growth is as high as 66.9%. "We are taking this opportunity to promote the upgrading of export products." Appeal to Guangdong Province Foreign Trade and Economic Cooperation Department personage tells a reporter.