China'S Foreign Trade Half Year Test: Expect Follow-Up Policy Implementation

The trend of foreign trade in the first five months of this year can be described in terms of "gloomy".

After 1-2 months of abnormal Spring Festival season, China's imports and exports continued to slump.

Exports fell for third consecutive months; imports fell for seventh consecutive months, and fell for two consecutive figures in fifth consecutive months; the recession trade surplus expanded significantly.

This highlights demand both inside and outside the country.

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"If there is no series of policies and measures promulgated by the State Council, the situation of foreign trade this year will be unimaginable."

18, Ministry of Commerce spokesman

This is described in a monthly regular press conference.

The continued downturn, the weakening of traditional competitive advantages, and the significant reduction in the value of the currencies of some major market countries to the US dollar are the three biggest pressures facing the steady growth of China's exports.

Of course, greater pressure also comes from the sharp decline in imports caused by weak domestic demand.

Shen Danyang told reporters at the monthly regular conference that the Ministry of commerce is now formulating new support measures with relevant departments, with emphasis on helping enterprises reduce their burden and help.

He expects that foreign trade will improve in the second half of this year.

Shen Danyang said that with the gradual introduction or effectiveness of a series of policy measures, with the slow recovery of the global economy.

The Ministry of Commerce expects that foreign trade will improve in the second half of this year.

And have confidence in completing the annual task.

"We still need to take a series of measures to make every effort to achieve the goal of export growth in the whole year.

"He said.

In May, China's exports to the EU, Japan and South Korea declined, respectively. Exports to the United States increased by 7.8% over the same period last year, accounting for 18.8% of total exports, which is the highest since August 2010.

Shen Danyang analysis said, first, because of the recent strong recovery in the US economy, the market demand has increased.

Second, the passive appreciation of RMB has led to the export competitiveness of EU, Japan and other countries.

Since the second half of last year, the RMB has remained stable against the US dollar, and exports to the United States have been relatively stable.

Over the same period, the euro and yen depreciated sharply against the US dollar, resulting in an appreciation of RMB 21.1% and 21.9% relative to the euro and yen respectively, which is a great pressure on China's exports to the EU and Japan.

In the month of May, 1792 newly established enterprises with foreign investment decreased by 14% compared with the same period last year. The actual use of foreign capital amounted to 57 billion 350 million yuan (9 billion 330 million US dollars), up 7.8% over the same period last year.

In 1-5 months of 2015, 9582 foreign-invested enterprises were set up nationwide, an increase of 9.6% compared with the same period last year. The actual use of foreign capital amounted to 330 billion 950 million yuan ($53 billion 830 million), an increase of 10.5% over the same period last year.

(excluding banking, securities and insurance data).