Now We Have Reached The Critical Time Node For China'S Foreign Trade Going To A Higher Level.

China

The export lead index continued to rise to 33.8 in April, near the level of last September.

The Chinese government did not set specific growth targets for the import and export of foreign trade in 2016, but rather regarded "stability as a good" as a development expectation.

Now, the 1/3 time of the year has passed, and China's foreign trade is moving forward on the road of "stabilization", but the trend of "getting better" is still not yet formed.

In recent years, the Chinese government has strives to improve the quality and efficiency of foreign trade development, and expects to realize the development from "big to big" to "superior and superior", from "trading power" to "trade power".

From the point of view of specific products, exports still support the growth of China's exports in April, mainly based on traditional labor-intensive products.

Exports grew by 11.2%.

Exports grew by 13.3%, bags and exports increased by 17%, toy exports increased by 22.5%, plastic products exports increased by 17.5%, lamps and lanterns exports increased by 13.4%, and ceramic products exports increased by 26.8%. The export growth of these labor-intensive products were all above 2 figures; and the export growth rate of integrated circuits reached a higher level of 34.3%.

Initially, the total export value of these products accounted for nearly 1/4 of China's export value in April, and the contribution rate to export growth was as high as 107%.

In terms of imports, the value of imports is still dominated by integrated circuits. The import value increased by 9.3% over the same period last year. The value of imports alone accounted for 14.5% of the total value of imports in April. At the same time, the growth rate of import value of soybeans and aircraft also reached 20%, which led to a narrowing of the total value of imports.

At the same time, in April, China's high-tech exports increased by 0.9% and imports increased by 2.9%. In the first quarter, exports dropped by 2.2% and imports dropped by 2.6%.

But after careful analysis, it is found that if the import and export of the single product of the integrated circuit is deducted separately, the export of China's high-tech products will grow from 0.9% to 2.2%, while imports will be reduced by 2.9% from 2% to the same.

Perhaps the government has already realized the grim and urgent situation of the foreign trade situation. Therefore, at the same time as the import and export data released in April, the State Council once again issued some opinions on promoting the stabilization of foreign trade, which has been a key policy of the State Council in the field of foreign trade since the global financial crisis.

Seemingly clematis, it is more focused and more precise.

There are fourteen articles in the opinion and the first place in financial support. This is not common in previous documents.

On the one hand, the Ministry of Commerce early this year's research, in addition to demand, cost and exchange rate, financing difficulties, financing is also one of the four main factors to curb China's exports.

On the other hand, the growth of private fixed investment has accelerated downwards. I also understand that many bosses of private foreign trade enterprises do not want to do business in a down-to-earth way.

And this comment specifically refers to "encouraging and supporting financial institutions to make loans for foreign trade enterprises with orders and efficiency", which is a timely rain for the private foreign trade enterprises who really want to work.

Again, the advice is devoted to "improving the processing trade policy and supporting the development of border trade".

In fact, in the decision of the Third Plenary Session of the eighteen Central Committee, the state has proposed increasing the support for the gradient pfer of processing trade in the central and western regions and speeding up the opening and development of the border areas.

With China's demographic dividend decreasing and environmental costs rising, processing trade in the eastern region is shifting to Southeast Asia and other countries. But in fact, for the foreign trade processing enterprises, if the central and western regions are the place of processing trade pfer, they can not only reduce communication costs and training costs, but also enjoy a new round of supporting policies for processing trade.

With the deepening of the "one belt and one way" strategy, China's opening up and border trade will also have unprecedented opportunities.

Speeding up the cultivation of independent brands and strengthening the protection of intellectual property rights are also new contents of this opinion compared with previous documents.

If China wants to develop into a strong trading country, it must first become a manufacturing power.

Although China made a reputation for being "cheap and cheap" in recent years, it is a frequent occurrence of counterfeit and inferior products. It is endangering the reputation accumulated by China for many years, and Chinese people are beginning to buy foreign products.

Moreover, on the one hand, the developed countries are eager to recirculate the manufacturing industry. On the other hand, Southeast Asian countries are trying to get a slice of the global industrial chain.

If we do not upgrade to the upstream of the industrial chain and pay no attention to the protection of product quality and intellectual property rights, China's foreign trade will not only become a powerful trading country, but even the status of the world's largest power will be difficult to maintain.

At any rate, it has really reached the critical time node for China's foreign trade to move to a higher level.

The market is ready to go ahead and the government's opinion has been released.

Next, we must look at the implementation of the policy and see the reaction of the market.

Policy implementation must be precise as early as possible, and market reaction should be innovated in time. Otherwise, a better vision can only become a mere scrap of paper.