What Are The Signs Of China'S Foreign Trade Growth Under Pressure?

Liu Xuezhi, an analyst at Bank of communications Financial Research Center, said that since May 2014, the export growth rate of other months was higher than 7% except for the higher base in November, indicating that the export growth in general remained stable in the second half of the year, and exports to the US and neighboring countries and regions in Asia maintained a relatively high growth rate.

From the perspective of export commodities and export trade, there are no obvious abnormal fluctuations. Labor intensive, high-tech and electromechanical products have maintained a steady growth at normal level, and general trade is slightly better than processing trade.

This shows that export growth is more real and stable. In the international environment where external demand is warming, the future export is expected to maintain high growth in medium and high speed.

Zheng Yuesheng said: at present, the competitive advantage of traditional labor-intensive products in China is weakened, mainly due to the increase in domestic labor costs, increased financing costs and increased resource and environmental constraints.

However, the share of China's traditional labor-intensive products in the global market remains high, indicating that our traditional labor-intensive products still have their competitive advantages.

According to the introduction, the proportion of China's foreign trade to bilateral trade in emerging markets increased in 2014, indicating that market diversification has made positive progress.

In 2014, China's bilateral trade with other markets such as Europe and the United States maintained a relatively good growth momentum, and bilateral trade growth in ASEAN, Africa, Russia, India and other emerging markets was significantly higher than the total growth rate. The share of foreign trade and import and export with ASEAN, Africa, Russia and India accounted for 20.2% of China's total foreign trade, which was 0.8 percentage points higher than that in 2013.

Besides, our country

The proportion of China's general trade is rising.

More reasonable, the added value of general trade in China's foreign trade exports and the strength of domestic economic development reflected are more prominent.

Customs data show that in 2014, the total trade import and export value of China accounted for 53.8% of the total value of China's foreign trade and import and export in the same period, which was 1 percentage points higher than that in 2013, while the proportion of processing trade in the same period was 32.7%, which was basically the same as last year.

In terms of imports, although the growth rate of imports in China has been negative for 2 consecutive months due to the sharp decline in international commodity prices, Liu Xuezhi said that the real demand for imports was not as bad as the data reflected. In December last year, the import volume of major imports increased substantially.

This is due to the effect of import promotion policies; on the other hand, to a certain extent, the release of positive signals of improvement in domestic demand.

Minister Gao Hucheng said at the National Conference on business affairs that under the circumstances of global demand structure change, international division of labor system adjustment and trade protectionism intensification, the pulling effect of world economic growth on international trade is weakening, and China should be prepared for the long-term weakening of external demand.

In the face of the complex situation of foreign trade development, the Ministry of Commerce will thoroughly implement policies and measures to stabilize foreign trade growth and strengthen imports this year, vigorously cultivate new competitive advantages in foreign trade, further optimize the import and export environment and lighten the burden on enterprises.

Zheng Yuesheng said that the favorable and unfavorable factors that affected China's foreign trade development in 2015 were intertwined. Generally speaking, as China's economic development entered the new normal, foreign trade also entered a new normal characterized by steady growth, structural adjustment and quality improvement. It is expected that the growth rate of foreign trade will be slightly better than that in 2014, and the quality and efficiency of development will also be further enhanced.