Three Factors Make China'S Foreign Trade "Laborious And Laborious"

In recent years, China's foreign trade is facing a downward pressure. At the end of this year, there is still no trend improvement. The three factor causes China's foreign trade to be laborious and painstaking, though there is no risk of collapse.

It is understood that some small and medium-sized foreign trade enterprises are generally facing the profit and challenge, and the industries and enterprises are speeding up differentiation. The imbalance of foreign trade has not improved.

The industry expects that China's foreign trade will still face greater downward pressure.

Orders "glued" state has not improved, industry enterprises "two levels of differentiation" pattern aggravated

This year, China's foreign trade faces greater downward pressure. At the end of this year, there is no trend improvement.

From the recent disclosure data analysis, the import and export volume of Guangdong, Jiangsu, Shanghai, Zhejiang, Shandong and other foreign trade towns has gone down to varying degrees, and trade imbalance and structural instability are prominent.

The growth rate of imports and exports in Guangdong and other provinces has widened.

Jiangsu's recent export structure is "upside down".

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Exports of labour intensive products, such as toys, increased by 10%, while the growth rate of exports of high-tech products was only 0.9%.

Huo Jianguo, the former director of the international trade and Economic Cooperation Research Institute of the Ministry of Commerce and vice president of the WTO Research Association, said that the proportion of high value-added products in China's total exports is still relatively small, and the comparative advantage has not yet formed.

The situation of some enterprises holding export orders deteriorates, and the phenomenon of "losing money and making profits" is obvious.

A number of foreign trade enterprises in Jiangsu told reporters that due to the low demand and the depreciation of the euro, the European and American traditional market orders declined, the paction was sluggish, and the difficulty of raising prices increased.

"The price of raw materials is decreasing, and buyers are lowering prices. Even if there is a single, enterprises will have to make a loss offer to protect the market."

Ocean grain and oil industry (Fangchenggang) Co., Ltd. is a wholly foreign-owned enterprise co invested by COFCO, ADM and Singapore WILMAR. Huang Qunshan, general manager, said: "orders are not optimistic, even if trade volume goes up, sales are going down."

Industrial enterprises accelerate the "shuffle" and "two levels of differentiation" is obvious.

The responsible person of the Qingdao hair group said that under the overall decline of textile and garment exports, the big business of the 20 thousand people depended on the steady growth of the brand industry, such as UNIQLO, WAL-MART, and so on.

"This trend drives the polarization of foreign trade enterprises", that is, large enterprises should pay more attention to brand and channel, while small and medium-sized enterprises will be further biased towards manufacturing and processing links while the number is decreasing.

Ma Minglong, director of the Jiangsu Provincial Department of Commerce, said that the downward trend of some traditional industries and the upward trend of some emerging industries have become increasingly prominent.

From the perspective of Canton Fair, the light industry, represented by clothing and furniture, is heavily pressurized. Most enterprises say it is difficult to operate. However, the emerging industries represented by consumer electronics, intelligent terminals, photovoltaic and other industries have significant vitality and good momentum.

Three factors lead to "hard work" in China's foreign trade

Reporters interviewed learned that in terms of China's foreign trade in the difficult period of pition, structural upgrading still needs a long pition period.

At this stage, the global economic recovery is weak, labor costs are rising, and money market shocks are the main factors that restrict import and export growth.

The sluggish external demand market leads to difficulties in receiving orders.

Throughout the international market, the recovery of major economies is still unstable and uneven. In addition to the relatively good growth momentum in the US, the recovery of the European Union and Japan is still facing great pressure.

"The pace of recovery of the world economy is slow, and Global trade continues to slump, which has a strong impact on China's foreign trade, especially exports, and its growth rate has dropped markedly."

He Jun, senior researcher at Ampang consulting.

Entrepreneurs are also generally reacted. The difficulties brought by the downturn in external demand are difficult to make in the short term.

Suzhou Xin Da hardware products, Suzhou Hongwei electrical appliances and other enterprises said that the company's main market in Europe.

The weakening of the European economy and the depreciation of the euro led to a decline in customer profits and cancellation or delay in orders. A Poland customer orders fell by 30% over the same period last year.

The comprehensive cost has swallowed up the traditional advantages.

The comprehensive cost is high, the traditional competitive advantage is weakened, especially the rising labor cost is the main reason for the enterprise's competitive advantage, which restricts the expansion of production and export by foreign trade enterprises.

Huo Jianguo said that although China's export quality and efficiency have improved in recent years, there is no fundamental change in the mode of competition based on price advantage.

In addition, the competitive means of Chinese enterprises have not yet penetrated into the international market, and the ability of active marketing and finding market demand needs to be improved.

The Boston consulting firm reported that the cost index of China's manufacturing industry rose to 96, only 4% lower than that of the United States (100).

The Tokyo business survey data also showed that 4-9 enterprises collapsed in of this year because of "China risk", which increased by 40% over the same period last year.

In these enterprises, the most important reason is the cost increase, accounting for about 80%.

Currency fluctuation amplifies enterprise price risk.

Huo Jianguo said that the QE policy implemented by the European Union and Japan led to a significant depreciation of its currency and adversely affected China's foreign trade.

Some business circles believe that the recent devaluation of the RMB is generally beneficial to export business, but it also causes customers to haggle, and some decline even exceeds the depreciation rate.

A person in charge of a foreign trade enterprise in Suqian, Jiangsu, told reporters that it is difficult for enterprises to judge the long-term trend of RMB exchange rate because of the process from order to settlement.

Many customers have also become cautious in trading, and some have delayed payment, which virtually increases the risk of contract performance.

"Since this year, China's import value has continued to deepen, which is mainly affected by falling prices in the international market."

Zhao Jinping, Minister and Research Fellow of the Ministry of Foreign Economic Research of the State Council Development Research Center, said.