Steady Growth Of Foreign Trade Looks Forward To New Advantages

With economic development entering the new normal, China's foreign trade has entered a new normal characterized by steady growth, structural adjustment and quality improvement.

"From the international market perspective, in 2012, China's exports accounted for 12.2% of the international market share, and trade structure and trade patterns have undergone significant changes."

Zhang Guangzhi, director of the general office and spokesman of the General Administration of customs, said that in the past, China mainly occupied the international market share by exporting low and medium priced products with cheap and fine quality. Now, countries generally regard expanding exports as an important means to promote economic recovery. The international market competition is fierce day by day. It is unrealistic to expect foreign trade exports to maintain a high growth rate of over two digits.

Statistics show that China's import and export growth rate has been lower than the national economic growth for 3 consecutive years.

In the future, while focusing on consolidating the market share of traditional dominant products, the foreign trade policy should be more actively supported.

The development of new business models supports enterprises to seize the global market, strive to enhance the division of labor in the global value chain of our industries, and foster new competitive advantages in foreign trade.

Analysis January

The reason for the decline is Cao Yuanzheng, chief economist of Bank of China: "this is mainly due to the lack of external demand, and the world economy is still in the doldrums.

The growth rate is also slowing down.

Last year, despite a steady recovery in the US economy, consumer demand was still lower than expected at the end of the year, and the recovery process in Europe was still slow, with deflation evident in the three or four quarter of last year.

At the same time, the multinational central bank pursues monetary easing policy, and competitive currency depreciation has brought a great impact on the competitiveness of Chinese commodities.

"The stage of expanding exports relying on comparative advantages such as labor and resources has passed."

Liu Yuanchun, executive director of the national development and Strategic Research Institute of Renmin University of China, believes that in the short term, the export momentum can be enhanced by adjusting the exchange rate and guiding the capital into the real economy through monetary policy to boost the vitality of enterprises.

But in the medium to long term, "we should strive to improve quality and efficiency, enhance the added value and gold content of foreign trade export commodities, achieve the pformation and upgrading of foreign trade, and build a connotative and innovative comparative advantage in the future."