The Ministry Of Commerce Said It Had Great Confidence In Stabilizing Foreign Trade.

According to the latest data, the total value of China's imports and exports in February was 1 trillion and 430 billion yuan, down 15.7% from the same period last year.

Among them, exports of 821 billion 800 million yuan, down 20.6% over the same period.

Gao Hucheng, Minister of Commerce, said on 9 afternoon that the sharp decline in foreign trade data in February was mainly affected by the complex downturn in the international economic situation and the factors of the Spring Festival.

He also stressed that he would not relax foreign trade work and was confident that he would "return to stability".

According to the latest data released by the General Administration of customs, foreign trade data continued to decline in February, and the value of imports and exports dropped by 15.7% over the same period last year.

Among them, exports fell by 20.6% over the same period last year, down 25.4% from the US dollar, the biggest decline since May 2009, and the third largest decline in history.

Minister of Commerce

This paper analyzes the reasons for the import and export data from 1 to February this year. He said: "according to the data I have grasped, the import and export data of more than 30 major economies in the world in 1 and February are all down, and the range is above two figures.

Under this background, there is another special situation in China, that is, the Spring Festival of traditional festivals.

Exports of 30 major economies in the world have recently dropped sharply.

Among them, the US, South Korea, Japan, Canada, Brazil, India and other major economies declined by more than 2 digits.

The International Monetary Fund (IMF) and the world bank and other authoritative institutions generally lowered the global economic growth rate in 2016 to the lowest level in 6 years. The Baltic Dry Index dropped to 349 points, the lowest level in history.

International Commodities and raw materials prices continue to decline, still lingering low.

Zhu Yong, deputy director of the Ministry of foreign trade of the Ministry of Commerce, also said that while fully aware of the grim complexities of the foreign trade situation, we must also see that the fundamentals of China's foreign trade development have not changed. "Our country and many other countries have complementarities in their industrial structure, infrastructure is complete, and their industrial structure is complete, especially the business environment continues to improve. We have found through investigation that many enterprises' foreign trade development structure has been continuously optimized, and pformation and upgrading and power pformation are speeding up, such as cultivating independent brands, such as increasing overseas marketing network construction, especially developing new industries. As a whole, we still have confidence in this year."

Deputy director general, Ministry of Commerce, Ministry of foreign trade

Introduction, from the recent Ministry of Commerce survey of 20 provinces and municipalities nationwide, this year's foreign trade situation is more complex and severe than last year, and the difficulties have not been reduced or even aggravated.

Zhu Yong said: "now the factor cost of enterprises continues to rise, the traditional competitive advantage of foreign trade is weakened, the investment in fixed assets continues to slow down, and import demand decreases, especially the outward pfer of industries and orders is accelerating. The export of processing trade has dropped for 12 consecutive months, exceeding the level of the international financial crisis."

All of these foreshadowed.

The difficulties are not short-term.

It is also based on this background that this year's government work report did not mention the target of foreign trade growth. Premier Li Keqiang said that the goal of import and export in 2016 was "to stabilize better."

Gao Hucheng, Minister of Commerce, believes that in the face of the current foreign trade situation, it is difficult to make a quantitative index. This is the fourth time in the past 20 years that China has made qualitative rather than quantitative import and export indicators. "Risks and uncertainties are difficult to determine. In this case, it is entirely realistic to propose a qualitative and quantitative index, and it is difficult to make quantitative indicators.

We believe that under the leadership of the CPC Central Committee and the State Council, we will be confident of achieving this goal of stability in the efforts of all levels of government, especially the vast number of foreign trade and economic enterprises.