Money Is Getting Harder And Harder. Textile Orders Go To ASEAN Countries.

"The money in foreign trade is becoming more and more difficult to make." Asked about the most profound feelings of 2014, the Wenzhou family Spin Xiao Junqing, general manager of the company, said with great reluctantly that under the pressure of cost pressure, foreign orders for textile products had been flowing to ASEAN countries such as Vietnam and Bangladesh.

Data can best reflect problems. In January 13th, the General Administration of Customs announced 2014. Import and export data Although the growth of foreign trade in 2014 failed to meet the expectations of all of us, the data was shocking: in 2014, the total value of China's imports and exports was 26 trillion and 430 billion yuan, an increase of 2.3% over 2013, which has been third years' failure to accomplish the target of foreign trade.

Under the background of export depression, expanding imports is imminent.

Hard-earned

Import and export data in 2014 set a new low growth rate of foreign trade in recent years. 2.3%, this data intuitively shows the decline of China's foreign trade growth. Once upon a time, China's foreign trade experienced many years of rapid growth of 20%-30%, with its growth rate reaching 37.1% at its peak.

Zheng Yuesheng, spokesman for the General Administration of customs, explained that the reasons for "failing to meet the standards" were relatively complicated. China's economic development has entered a new normal. At the same time, the pace of world economic recovery is slow, the demand for international market is sluggish, and the downward pressure on domestic economy is greater. "Under such circumstances, it is not easy to achieve such a result."

It's really not easy. This sentence is familiar. As early as 2012, when the first foreign trade target was not completed, Shen Danyang, a spokesman for the Ministry of Commerce, also used similar expressions. The target of foreign trade growth was 10%, but the actual growth was only 6.2%.

Do not think this is the "excuse" of the relevant departments. In recent years, the foreign trade industry is facing many factors such as insufficient external demand, rising comprehensive cost, poor external environment and unstable exchange rate. Whether it is 6.2% or 7.6% (2013 growth rate of foreign trade) or 2.3%, these are indeed not easy to come by.

In short, Export trade The total value is the product of export volume and price, and these two aspects are now faced with great difficulties. "Slower export growth is in line with expectations." Zhang Yansheng, a researcher at the national development and Reform Commission's Foreign Economic Research Institute, said.

"With China's economic development entering a new normal, China's foreign trade has also entered a new normal characterized by steady growth, structural adjustment and quality improvement." Zheng Yuesheng said that the growth rate of foreign trade is much lower than expected, which is related to the shifting period of trade growth.

Li Huiyong, chief macroeconomic economist of Shenyin Wanguo, told reporters that although the annual data is "not satisfactory", it is expected that this year will be "better". First, the US economy recovers, the international economy or warmer; secondly, after the last year's oil price cliffs decline, commodity prices are stable or stable this year, so the fluctuation will not be bigger than in 2014.

Difficult to continue

"Growth does not fully reflect some problems." The head of a footwear export company told reporters that the export volume of the company rose slightly in 2014, but the profit dropped a lot. Under the multiple functions of exchange rate and cost, the export price of the company continued to be reduced. "The quotation in Southeast Asia is particularly low. If I can't give the same offer, the customers will run away."

"Once I raise the price, they will be able to come up with a lower quotation." Xiao Junqing also told reporters that the price of foreign businessmen made them suffer a lot. What makes Xiao Junqing helpless is that these days the Ministry of Finance and the State Administration of taxation have just raised the export tax rebate rate of some textiles. They have not yet enjoyed the benefits brought by this policy. Foreign businessmen have come to hear the news and asked him to further reduce their prices.

On the "China's forum for trade power" held by the Ministry of Commerce, the Vice Minister of Commerce, Zijin Mountain, told reporters at the scene that the growth mode of foreign trade which had relied on traditional quantity and price growth was unsustainable.

From the data released by the customs, we can see that the competitive advantage of China's labor-intensive products in the international market has been weakened. In the 2014 foreign trade data, the traditional labor-intensive industries had a significant decline, and textile, luggage, footwear, toys, furniture and other seven types of labor-intensive products exported 2 trillion and 980 billion yuan, an increase of 4%, accounting for only 20.7% of the total import and export value of that year. In the same period, the export of mechanical and electrical products was 8 trillion and 50 billion yuan (6.1955, -0.0015, -0.02%), an increase of 2.6%, accounting for 56% of the total value of exports.

"A large part of any external investment is to buy equipment from China. Now from all aspects of high-speed rail, thermal power and hydropower, the price performance of Chinese products is the best in the world, which is why some developed countries have chosen Chinese products in this regard. Gao Hucheng, Minister of Commerce recently pointed out that China has reached the era of capital export, and foreign investment will be combined with foreign trade.

Import dismal

Equally striking is China's trade surplus of up to 2 trillion and 350 billion yuan in 2014, an increase of 45.9% over the same period last year. Assuming that GDP will be flat this year, the trade surplus will account for 3.6% of GDP this year, which will be higher than the internationally recognized trade balance warning line (3%).

The trade surplus is rising. The main culprit is imports. Statistics show that in 2014, China exported 14 trillion and 390 billion yuan, an increase of 4.9%, and imports of 12 trillion and 40 billion yuan, down 0.6%.

In 2014, the import of major commodities in China increased. According to the General Administration of customs, the decline in global commodity prices last year lowered China's import value by 3.3 percentage points. Excluding the above price factors, the number of imported goods in China increased by 2.8% last year. Assuming that commodity prices remained unchanged last year and the number of imported goods increased by 2.8%, the trade surplus of last year will be less than 2 trillion yuan, according to the 2.8% increase in China's import value throughout the year.

The issue of trade balance has always been the focus of high-level concern. At the end of 2014, China's State Council also issued special opinions on strengthening imports, aiming at promoting the basic balance of economic structure optimization, import and export and balance of payments.

"Despite the simple data size, China's trade surplus has created a new high in 2014, but the simple high margin is not the goal pursued by China's foreign trade." Zheng Yuesheng stressed that China has been paying attention to the balanced, coordinated and sustainable development of foreign trade.

An official from the Ministry of Commerce revealed that the main reason for the increase in foreign trade was lower than expected. The Ministry of Commerce will continue to insist on promoting the expansion of imports in 2015 and will also have new policies.