Low Growth Will Become The New Normal Of Nanjing'S Foreign Trade

According to the report, the US economic growth rate has reached 5%, reaching a new high since 2003.

Confidence index is rising.

The euro zone rebounded last December, hitting a 5 month high.

With the recovery of economies such as the US, Europe and ASEAN, the external demand factors have been gradually strengthened.

In addition, the expansion of domestic demand directly stimulates the import of manufacturing raw materials and production equipment, and the RMB exchange rate as a whole appears.

The trend has also improved the export competitiveness of products to a certain extent.

"All these have promoted the import and export trade."

However, the expert also reminds us that our city's foreign trade is facing a series of new challenges.

He said that with the increasing scale of import and export in our city,

Constantly enlarging, the competitiveness of products is gradually improving, trade barriers and surveys are also increasing day by day, and there is no small risk for the development of photovoltaic industry and labor-intensive industries.

Secondly, this year, the EU excludes our country from the beneficiary countries, which makes the cost of export to the EU increase and the market competitiveness will drop sharply.

Third, in recent years, the mechanical and electrical products industry in our city already has the scale, and has created a number of internationally competitive enterprises and products, such as household appliances, ships and railway complete sets of equipment.

However, with the increase of the comprehensive cost of labor and exchange rate, the return of European and American industries and the pfer of industries to the latecomer market such as Southeast Asia will gradually weaken the traditional competitive advantage of electromechanical products.

It is because of the rapid growth of labor and land production cost that the strength of China's traditional labor-intensive industries has weakened, and some orders have shown signs of shifting to other emerging economies.

Related links:

Last year, Shenyang actually utilized foreign direct investment of US $2 billion 270 million, an increase of 0.5% over the same period last year, exports of US $7 billion 150 million, an increase of 2.2%, and an overseas investment agreement investment of US $370 million, an increase of 86.6%.

There are 38 foreign investment projects.

Last year, Shenyang went to Korea, Europe and the United States, Southeast Asia and other countries and regions to carry out 11 foreign investment activities, and discussed and promoted 171 modern service industries, industrial real estate, strategic emerging industries and advanced manufacturing industries.

There are 38 large foreign direct investment projects in the city, and the actual investment amount is 1 billion 930 million US dollars, accounting for 85.1% of the total amount of the city's total investment.

Among them, there are 5 projects in excess of US $100 billion, and the actual amount in place is US $900 million, accounting for 46.3% of the total amount of the city.

The structure of utilizing foreign capital has shown new changes. Investment companies have become new growth points. Hui Shan Investment Co., Ltd. and Asia Alliance Investment Co., Ltd. have realized total capital adjustment of 430 million US dollars, accounting for 18.9% of the total amount of the city.

The city's financial sector actually utilized foreign capital of 88 million 580 thousand US dollars, accounting for 3.9% of the city's total, ranking fourth in real estate, business services and manufacturing.

Trade with 178 countries.

Shenyang's mechanical and electrical products totaled 4 billion 430 million US dollars last year, an increase of 5.3%, accounting for 62% of the total exports of the city. The total number of foreign-invested enterprises accumulated 2 billion 260 million US dollars, an increase of 8.2%, accounting for 31.7% of the total export volume of the whole city. The total export of state-owned enterprises was 1 billion 600 million US dollars, an increase of 4.8%, accounting for 22.4% of the city's total export volume.

The main markets have maintained growth momentum, and 178 countries and regions that have dealings with Shenyang, including 176 countries and regions in the export market.

Exports to the United States, Korea, Japan and other countries (regions) amounted to 2 billion 470 million US dollars, accounting for 34.5% of the total exports of the city.