Trade Fair And Trade Double Decline, Foreign Trade Insurance Ten Target Basically Hopeless.

November 4th, the 112 session

Officially came to a close.

According to statistics, both the number of purchasers and the final turnover of the Canton Fair have seen a marked decline.

Among them, the total number of purchasers decreased by 10.26% compared with the previous session, and the turnover was 9.3% lower than the previous one.

The Canton Fair is known as the "barometer of foreign trade". The double slide of the number of participants and turnover shows that the current foreign trade situation is still grim.

Analysis of the industry, at present, the annual foreign trade to complete the "ten guarantees" goal has been basically hopeless.

Liu Jianjun, deputy director of the China Foreign Trade Center at the Canton Fair, said at the closing press conference of the Canton Fair on the afternoon of 4, that as of November 3rd, there were 188145 overseas purchasers from the 112nd Canton Fair, from 211 countries and regions, and the number of participants was reduced by 10.26% over the same period of 111st, representing a decrease of 10.05% over the same period of the 110th period.

Liu Jianjun said that as of November 3rd, the Canton Fair's export volume was 32 billion 680 million US dollars, down 9.3% from the previous session.

The European Union, the United States and Japan fell by 10.5%, 9.4% and 36.6% respectively, thanks to the European debt crisis, the sluggish US economic recovery and Sino Japanese relations.

Transactions in emerging markets declined slightly, and the turnover in ASEAN, the Middle East and BRICs fell by 7.9%, 5.7% and 0.7%, respectively, which were lower than the total turnover and 0.4% in Australia.

In addition, there were more short and medium orders, accounting for 86.6% of the short and medium orders in 6 months, an increase of 0.3 percentage points.

And other pactions declined.

"From the current data, the" double slide "of the number and turnover reflects that this year's foreign trade" ten guarantees "task is arduous, and China's foreign trade is still facing a grim situation. It is still not easy to recover steadily.

Liu Jianjun said.

During the Canton Fair, all trade groups attending the Canton Fair and all import and export chambers of Commerce told reporters that as China's foreign trade continued to shrink, the "ten guarantee" of China's foreign trade was extremely difficult.

From the geographical perspective, Guangdong, Jiangsu, Zhejiang and other traditional big trade provinces, which occupy about 80% of the country's import and export scale, have achieved the annual goal of basically becoming an "impossible task".

Take Guangdong as an example, if foreign trade wants to "protect ten", then the import and export value in the fourth quarter needs to reach US $289 billion 200 million, an increase of 20.9% over the same period last year. If we want to achieve an increase of 7.5%, the import and export value of the fourth quarter will also reach US $266 billion 400 million.

The head of the Shandong trade union also believes that the actual growth of foreign trade in 2.6% from 1 to September is difficult to meet the established growth target of 10% in the whole year.

The Zhejiang Trade Association said that the province's foreign trade is still struggling to maintain "positive growth".

Huo Jianguo, President of the international trade and Economic Cooperation Research Institute of the Ministry of Commerce, told reporters that although China has adopted a series of stimulus measures, the domestic and international factors that restrict and influence foreign trade growth have not changed fundamentally. The recovery of international demand is still a slow process, and it is hard to hope to directly stimulate its recovery through "lightening the burden".

He said that although the fourth quarter is expected to continue the trend of recovery in September, it is almost impossible to achieve a high growth rate of 20%.

The goal of "protecting ten" has been hopeless.