Ministry Of Commerce: There Is No Change In The Fundamentals Of China'S Foreign Trade At Present.

Recently, deputy director general of Foreign Trade Department of Ministry of Commerce Wang Tung Tang On the whole, there is no fundamental change in the fundamentals of China's foreign trade, and exports are expected to achieve positive growth in 2015.

Wang Dongtang said in an interview with the media that from the perspective of exports, China's exports have stabilized. If the impact of abnormal growth in the same period last year was eliminated, the decline in exports in July and August would be normal. In addition, exports dropped by 2.8 percentage points in August compared with the same month in July, while exports increased by 1% over the same period, and the growth rate has been increasing for four consecutive months.

The latest customs statistics show that in the first 8 months of this year, the total value of China's imports and exports was US $2 trillion and 557 billion 550 million, down 7.5% from the same period last year, of which exports dropped by 1.4% and imports dropped by 14.5%. In the month of August, China's import and export decreased by 9.1%, of which exports dropped by 5.5% and imports dropped by 13.8%.

Wang Dongtang said that from January to August, China's total exports remained negative growth. In addition to last year's base factors, it was mainly affected by the downturn in international market demand, the decline of China's traditional competitive advantage, the rising cost of domestic production factors and the accelerated transfer of industries and orders. The export of textile, clothing, footwear and other labor-intensive products declined, which in turn affected export growth.

"However, products with high added value and large core competitiveness, such as large scale complete sets of equipment, show strong ability to resist risks. General trade, private enterprises, emerging markets, electromechanical products and the central and western regions are still the main driving force for export. " Wang Dongtang said.

From a horizontal comparison, China's export situation is still better than that of the world's major economies and emerging market countries. According to WTO, exports of developed countries such as the United States, Japan and Korea fell by 5.5%, 8.4% and 4.9% in the first 7 months, and 16.2% in the first 6 months of the EU. The exports of countries such as India, Brazil and South Africa were all negative. Exit The decline is 1.2 to 15.4 percentage points respectively. In the face of global demand and international trade slowdown, China's exports account for a steady increase in international market share, which is not easy.

For imports, Wang Dongtang analysis shows that China's imports are still at a low level due to two major factors, such as falling commodity prices and weakening domestic demand, but the cumulative decline has narrowed for 5 consecutive months. At the same time, the quality and efficiency of imports have been further enhanced. Data show that in the first 8 months, China's crude oil, plastics, soybeans, refined oil, natural gas, pulp, grain, copper concentrate and other 8 kinds of bulk commodities increased import and export volume, the import volume increased by 2% to 84.6%, and the price fell by 5.5% to 45.2%.

Wang Dongtang said that in the future, the Ministry of Commerce will work closely with relevant departments to formulate plans of action to foster new competitive advantages in foreign trade, and speed up the development of technology. brand Quality, service as the core of the new comprehensive competitive advantage of foreign trade, to achieve sustained and healthy development of foreign trade.

In addition, measures to stabilize foreign trade include further efforts to clean up and regulate import and export links, further improve trade facilitation level, increase export credit insurance and financing support to support large scale equipment export, and vigorously support new business model development.