Consumption In The Euro Area Is Weak. How Can China'S Foreign Trade Find Another Way Out?

< p > the International Monetary Fund forecasts that the euro area economy will shrink by 0.6% this year in the latest global economic outlook report.

The main countries of the European Union, represented by Germany, will also have double exports and exports, and the internal demand is weak.

The euro area is China's most important export market.

Affected by this, China's June import and export data "double down".

Finding a new way to become a top priority for foreign trade enterprises.

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< p > the latest report of the European Union statistics bureau shows that in May, the euro area exports decreased by 2.3%, a sharp drop in second consecutive months and a 2.2% drop in imports.

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< p > following the double entry and exit of China's single month trade data, Europe's main trading partner has made the same mistake.

Respondents generally agreed that the data reflected the weakness of consumer demand in the euro area and the long recovery road.

This will be bad for China, which will take the European market as its main trading partner.

In the future, if China wants to get rid of the "double drop" dilemma of import and export as soon as possible, we need to find another way.

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< p > < strong > challenge euro area recovery rhythm < /strong > /p >

"P", "the import and export data of the euro area not only reflect the weakness of the world market, but also reflect the shortage of manufacturing and consumer demand in the region."

Liu Mingli, an expert on European economic issues at the Institute of modern international relations, pointed out.

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< p > Liu Mingli explained that the decline in imports in the euro area in May reflected the weakness of the internal demand in the euro area.

Since the outbreak of the debt crisis, the number of unemployed in the euro area has increased, wages have been growing at a low level, and the government has cut the deficit to combat domestic demand.

Export recovery is the key to the recovery of the euro zone economy.

But the rest of the world is also weak, and it is expected that the euro zone exports will not increase significantly in the next few months.

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< p > specific data show that the euro zone's seasonally adjusted trade surplus in May was 15 billion 200 million euros, much higher than that of 6 billion 600 million euros in the same period last year, which is also higher than that of 14 billion 100 million euros in April.

But Liu Mingli pointed out that the trade surplus was larger than last year, largely because of the decline in imports, not the improvement of exports, and the weakening of domestic demand in the euro area.

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Germany, Europe's most robust and largest economy, exports to the EU in May dropped by 9% compared with April, especially in April.

Liu Mingli believes that this shows that the euro zone recovery momentum is insufficient.

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< p > from a market perspective, recently, the tide of "insufficient confidence" has again attacked several important European countries, including standard and poor's downgrading Portugal and Italy's sovereignty. Fitch downgraded France and Europe's financial stability mechanism. At the same time, Italy and Portugal followed a political crisis, and Greece broke out with a new round of strikes because of the massive austerity plan.

Against this background, Liu Mingli judged that the development of a series of European economic integration measures such as the establishment of the euro zone banking alliance and the promotion of banking capital restructuring will all drag down, and the recovery of the euro area is still facing great challenges.

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< p > according to business surveys and published economic data, most analysts expect the euro area's gross domestic product (GDP) to decline again in the second quarter.

The International Monetary Fund (IMF) also lowered the economic growth prospects of the euro area, expanding the euro area economic growth forecast in 2013 from 0.3% in April to 0.6% in the euro area, reducing the 2014 growth forecast by 0.1 percentage points to 0.9%.

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< p > < strong > China's foreign trade indirect pressure < /strong > /p >

< p > as an important export market in China, the slow recovery process in the European market is not good news for China, which is suffering from the current poor foreign trade.

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< p > China Customs data show that in June, China exported 174 billion 320 million US dollars and imported 147 billion 190 million US dollars, down 3.1% and 0.7% respectively.

Statistics show that the "double drop" of China's foreign trade appeared in January 2012.

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Bai Ming, a researcher at the international market research department of the Ministry of Commerce and international trade and Economic Cooperation (P), said that the weak market demand in Europe is one of the important reasons for the above performance of China's foreign trade.

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< p > Bai stressed that China could not control the pace of external market demand such as Europe. China's foreign trade needs to think of itself as soon as possible to get rid of the current predicament as soon as possible.

He suggested that two aspects should be expanded from domestic demand to market diversification.

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< p > in the view of Bai Ming, on the one hand, having a huge internal digestion market is China's great advantage. Under the premise of serious external demand, we should fully activate the domestic market and provide the backing for foreign trade enterprises. On the other hand, we should start with trade facilitation, build Sino foreign economic and trade cooperation platform, and improve the export tax rebate system, so as to encourage more foreign trade enterprises to develop new markets such as emerging markets.

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Besides, P also pointed out that some of China's powerful enterprises can increase strategic export in the weak economic recovery period in Europe, that is, the short term export return rate is not high, but the industry that can occupy the industry in the future, such as automobiles, machinery and so on.

Bai Ming believes that the overlap of industries between China and Europe is the target for Chinese enterprises to consider.

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