Zhang Yansheng: Actively Adapting To The Pformation And Upgrading Of Foreign Trade Under The New Normal

China's foreign trade has vigorously promoted the new stage of cooperation in the free trade area, and will create a fair international competitive environment conducive to the development of foreign trade enterprises.

Through speeding up the implementation of the free trade area strategy, China will gradually build a high standard free trade area network based on the periphery, the "one belt along the way" and the global standard. It will create a more equitable international competitive environment for the development of China's foreign trade enterprises, and create favorable conditions for the pformation and upgrading of foreign trade enterprises.

Since the international financial crisis in 2008, the global economic recovery has been sluggish and Global trade has been sluggish. Many foreign trade enterprises have felt the pressure of operation.

At present, the latent contradictions, risks and uncertainties of the world economy are still increasing.

First, the quantitative easing monetary policy adopted by the major developed economies, the re industrialization structure policy, and the "two seas" (TPP, TTIP) free trade area strategy have strong spillover effects of "beggar thy neighbour", protectionism and risk shifting.

Two, the current global oil price drop, the increase in the debt burden of the US dollar and the fluctuation of commodity prices indicate that the world economic risks are accumulating.

Three, today's world economy has been clearly divided into two parts, namely, the over virtualization economy and the entity based economy. The international speculative capital seeks opportunities among all the economies lacking macroeconomic policy coordination, waiting for the opportunity to launch an impact.

In the global economic downturn, China's economic development has entered a new normal.

For our country, this is a new stage of moderate decline in growth rate and acceleration of pformation and upgrading.

Under the background of global economic recession and China's economic development entering a new normal, China's foreign trade must also speed up pformation and upgrading.

If foreign trade enterprises grasp this trend change, face difficulties and pressures and take the initiative to make adjustments, they will seize the opportunity for pformation and development.

The focus of foreign trade work will change.

While enhancing the export benefit of goods and services trade, we will pay more attention to the expansion of imports. At the same time, we will pay more attention to "going out" while attracting foreign investment, attracting intelligence, attracting technology and attracting information. While promoting all-round international cooperation, we will pay more attention to expanding the opening up to Asia, Africa and Latin America. While realizing the basic balance of international payments, we will pay more attention to improving the market formation and decision mechanism of RMB exchange rate, interest rate and price.

There will be changes.

In recent years, the proportion of processing trade in the import and export of foreign trade has dropped sharply.

In the past 10 years, the proportion of low-end processing trade exports in the global value chain has dropped from 55% to 35% in China's total exports, and will continue to show a downward trend in the future.

General trade not only shifted from trade deficit to surplus, but also increased in proportion to the total value of imports and exports, reaching 54%.

Major changes will take place in the structure of foreign trade.

In 2015, the import and export volume of private enterprises accounted for 37% of the total value of foreign trade, which will continue to increase.

The proportion of total exports increased to 57.7%, while the share of export value of labor-intensive products in the same period showed a downward trend.

In the fifth Plenary Session of the 18th CPC Central Committee and 13th Five-Year, the outline of the party put forward "to conform to the trend of China's economic integration into the world economy" and "develop a higher level of open economy".

China will speed up the pace of "going out" and promote the construction of "one belt and one road" to promote high-level two-way opening.

For foreign trade enterprises, there are huge business opportunities.

China's foreign trade has entered a new stage of export of commodities driven by capital exports, and enterprises that will adapt to this trend will have greater development.

From the perspective of national policy guidance, in 2001, the state encouraged enterprises to develop overseas.

In 2006, the state encouraged the diversification of the origin of foreign trade products and the participation of enterprises in overseas infrastructure construction; in 2011, the state encouraged enterprises to create an international marketing network and brand, paying attention to local people's livelihood and social responsibilities.

The outline of the 13th Five-Year plan is clear: supporting enterprises to expand foreign investment and deeply integrating into the global industrial chain, value chain and logistics chain.

This means that our country will drive enterprises to take the layout of Global trade, supply chain layout and international cooperation of high-end elements through capital export.

China's foreign trade has entered a new stage of "one belt and one road" cooperation, which has provided significant opportunities for foreign trade enterprises to expand their development space.

China's opening to the outside world is entering a new stage of expanding all-round cooperation in Asia, Africa and Latin America.

This requires China's enterprises to further enhance their global comprehensive operation capability of independent innovation, independent brands and independent channels, and further enhance their ability to control and resolve international institutional risks, operational risks, market risks and political risks; further enhance the ability to develop inclusive trade, green trade and cooperative trade; and further enhance the ability to develop new rules that are conducive to equality, tolerance and sharing while maintaining international common rules and standards.