Steady Growth Policy Has Been Intensive

According to the April foreign trade data, the macro research department of China Merchants Securities commented that the import data in April showed that domestic demand was still weak, and the real economy needed macro policy support.

Everbright Securities Research Report believes that the weakness of external demand brings greater pressure to relax domestic policies, and the capital market will continue to enjoy the promotion of loose liquidity.

The weak external demand has brought more downward pressure on the sluggish domestic economic growth momentum.

Considering that economic growth is already at the edge of instability, policy will face greater pressure to relax.

Recently, policy makers have also stepped up their attention to the downward trend of the economy and fiscal policy will exert strength.

In fact, after the announcement of foreign trade data in April, the government has expressed a clear concern about the whole year's foreign trade situation.

Sun Jiwen, a spokesman for the Ministry of Commerce, said second days after the publication of the data, the stable growth of foreign trade was related to the development of industry, stable employment and improvement of the people's livelihood, which was related to the overall situation of China's economic and social development.

"Imports fell substantially in the first 4 months, mainly due to falling commodity prices."

Sun Jiwen pointed out.

According to Sun Jiwen, recently, the Ministry of Commerce organized the research team to conduct research on the foreign trade situation in 15 provinces (autonomous regions and municipalities), conducted a questionnaire survey on nearly 6000 foreign trade enterprises in 31 provinces (autonomous regions and municipalities), conducted in-depth interviews with 80 fair trade exhibitors, and made a careful analysis of 66 key industries and the top 30 export markets.

Sun Jiwen stressed that, in general, most enterprises believe that the demand for international market is sluggish, part of the market is volatile, the RMB appreciates significantly against the main currencies outside the US dollar, and the level of trade facilitation needs to be improved.

Financing and expensive labor costs continue to rise is currently facing major difficulties.

In response to the plight of foreign trade, the Ministry of Commerce issued the "

In the spring of 2015, there has been a preventive effect on the whole year's foreign trade situation.

The report suggests that in the coming period, China's foreign trade development is facing many challenges, such as the sluggish external demand, and the international market share is at a relatively high level. China's foreign trade may remain at medium to low speed growth.

The report holds that in 2015, the world economy will continue to have a mild recovery trend, with more uncertainties and uncertainties and more intense international competition.

China's economy has started smoothly, structural adjustment has been steadily advancing, and new impetus has been accelerated, but it still faces downward pressure.

China's foreign trade, especially its exports, has the basic conditions for growth. However, the seriousness and complexity of the situation have not changed fundamentally. There are many unstable and uncertain factors, and the challenges and pressures are still increasing.

Reporters found that in order to slow down the worsening import and export trend, the State Council has issued a number of important items since April.

Steady growth policy.

In the middle of April, a number of opinions on improving port work and supporting the development of foreign trade, such as mid April, put forward the need to expand port opening and raise the level of opening up; in May 7th, the State Council issued the "opinions on vigorously developing e-commerce to speed up the development of new economic power", proposed strengthening international cooperation in e-commerce, and promoting e-commerce to go out; and in May 12th, the newly released "opinions on accelerating the development of new advantages in foreign trade competition" put forward clear requirements for fostering new competitive advantages in foreign trade under the new normal.

In addition, according to the report of the Chinese government network, at the executive meeting of the State Council, which was held at the end of April this year, Premier Li Keqiang asked the authorities when they could implement the pilot on lowering tariffs on some foreign consumer goods. The head of the Department replied that it could be implemented in August, and Premier Li Keqiang explicitly demanded that it be implemented before the end of June.

It is understood that in addition to the decision to lower import tariffs before the end of June, the conference also put forward policies such as improving the consumption tax policy for consumer goods such as clothing and cosmetics, adding and restoring duty free shops at ports, further promoting customs clearance and tax rebate for overseas visitors, accelerating the upgrading of Chinese brand products, supporting the development of physical stores, and realizing interaction between online and offline businesses.

Some experts say that lowering customs duties and consumption tax on some foreign goods will help people to return their consumption.

For a long time, the problem of "high temperature and high consumption" has always existed, and the price gap is the main reason.

The government's immediate adoption of tax cuts may soon produce positive results.