In The Three Quarter, Foreign Trade Achieved A Steady Start In Pressure.

The General Administration of Customs released data on 8 days. In the first 7 months, China's import and export value was 13 trillion and 210 billion yuan, down 3% compared with the same period last year, the decrease narrowed by 0.3 percentage points compared with the first half of the year.

In the two quarter, the growth rate of the US economy was much lower than expected. In July, the expansion of domestic manufacturing activities slowed down and the consumer confidence index decreased. Europe's economic recovery was slow and fragile after suffering from deflation, and the uncertainty posed by the British "off Europe" referendum was more severe.

Insiders say that although

China's exports have been under a certain pressure under the combined effect of sluggish and traditional weakness. But with a series of policies to promote the stability of foreign trade, efforts have been made, especially in support of the development of new foreign trade business models and the promotion of the development of processing trade.

Private enterprises have become the most dynamic and export oriented business entities.

This year, the import and export of private enterprises is 5 trillion and 120 billion yuan, an increase of 4.8% over the previous year, accounting for 38.8% of the total value of foreign trade, representing a 2.9 percentage point increase over the same period last year.

Trade mode is further optimized.

The proportion of general trade imports and exports has been increasing. The first 7 months of this year accounted for 56.5% of the total value of foreign trade, up 1.3 percentage points from the same period last year.

Commodity structure continues to optimize.

From January to July, China's exports of electromechanical products accounted for 57% of the total value of exports. In the same period, 7 types of labor-intensive products accounted for 21.2% of the total value of exports, of which exports of textiles, plastic products and toys continued to grow.

Bai Ming, a researcher at the Ministry of Commerce, said that exports of textiles and other products continued to grow, indicating that China is still competitive in some traditional products, and should not give up in this part of the market.

Stable at present

It is necessary to encourage enterprises to create new competitive advantages with technology, standards, brands, quality and services as the core, develop high-end equipment exports such as high-speed railways and complete sets of equipment, and consolidate the existing advantages in labor-intensive industries, so as to realize the continuous pformation of new and old kinetic energy.

On the import side, commodity prices were significantly lower compared with the same period last year, which is still the main reason for the negative growth of China's imports.

Communications Bank Financial Research Center report analysis said that in the second half of this year, international commodity prices will rise and fall in the concussion, but the overall recovery momentum is insufficient, and the combination of various factors domestic imports

It is expected to remain stable, and imports are expected to remain negative in the second half of the year.

The change of some leading indicators is worth paying attention to: the new export orders index of PMI under the manufacturing industry announced by the National Bureau of statistics and other departments dropped continuously after the two quarter. The import order index has been in the contraction interval below 50% for 4 consecutive months, indicating that the pressure on foreign trade in the three quarter is not small. The leading index of China's foreign trade exports compiled by the Customs General Administration ended the previous consecutive decline in July, rising 1.1 from last month to 33.8, indicating that export pressure is expected to ease at the beginning of the four quarter.

Industry experts said that in the absence of structural reforms and major technological breakthroughs, the global economy is still unable to get rid of the "low growth dilemma" in the second half of the year. The global trade index released by WTO shows that global trade growth in July and August will continue to be sluggish. In such a big environment, China's import and export trade needs to make painstaking efforts to achieve the goal of "stabilization and improvement".