Ministry Of Commerce: Pressure On Foreign Trade Is Increasing.

Customs data showed that China's export growth in March fell to 13 months low and far less than expected, the trade surplus plummeted from record highs.

In the first quarter, the total value of foreign trade was two digit year-on-year decline. In March, the pilot index of foreign trade exports declined, indicating that the two quarter and even the whole year's foreign trade situation is still difficult.

China's Ministry of Commerce said Tuesday that the seriousness and complexity of China's foreign trade situation has not changed fundamentally. There are many unstable and uncertain factors, and challenges and pressures are still increasing.

China's foreign trade situation report (spring 2015) released by the Ministry of Commerce has also pointed out that China's foreign trade still has a series of favorable factors and conditions, and its export industry has a solid foundation. At the same time, the state's policy of supporting foreign trade development is constantly increasing, and in 2015, the import and export is expected to achieve relatively stable growth.

"In the coming period, China's foreign trade development is faced with many challenges, such as external demand, weakening traditional competitiveness, increasing external restrictions and so on. In addition, the international market share is at a higher level and the difficulty of further increasing share is increasing. China's foreign trade may maintain a medium and low growth rate."

The report also points out that foreign trade will be more susceptible to short-term changes such as market demand and exchange rate fluctuations.

Under the background of the slow growth of the world economy, consumption and investment demand in various countries is generally sluggish, the growth momentum of international trade is insufficient, and external demand is still not stable.

At the same time, the competitiveness of China's export industry is facing challenges both at the top end and in the low end.

"China's high-end export industry is facing more competition pressure from developed countries, and the low and middle export industries are catching up with the emerging economies around the world. Some of the investment enterprises in China are diverting from developed countries to developing countries and diverting to neighboring emerging economies, and their competitive edge has weakened."

The report says.

Previous data showed that China's export growth in March fell to 13 months low and far less than expected, the trade surplus plummeted from record highs.

In the first quarter, the total value of foreign trade was two digit year-on-year decline. In March, the pilot index of foreign trade exports declined, indicating that the two quarter and even the whole year's foreign trade situation is still difficult.

However, the report also mentions some positive factors that China's foreign trade may face.

The industrial base of China's exports is solid, and its export industry chain and infrastructure are relatively perfect. In the future, exports of capital goods and intermediate goods are expected to usher in a prosperous period.

In addition, China's foreign investment cooperation has entered a period of rapid development.

And exports of spare parts, engineering materials and so on.

Plus enterprise

The accelerated pace of upgrading, especially the new trade mode such as cross-border e-commerce, has reduced the threshold for SMEs export and is expected to become an important growth point for exports.