To Enhance The Competitiveness Of Foreign Trade, The Supply Side Should Be More Powerful.

China's foreign trade report card for 2016 was released. According to customs statistics, the total value of China's imports and exports in 2016 was 24 trillion and 330 billion yuan, down 0.9% from 2015, although the growth rate has declined, but the decline has narrowed by 6.1 percentage points over 2015.

Huang Songping, spokesman of the General Administration of customs, said at a news conference held on the day of the office of new China office that in 2016, China's foreign trade showed a steady trend of improvement. It was not easy to achieve such a result. In 2017, the international situation is still grim and complex. The downward pressure on the domestic economy is still relatively large. There are still many uncertainties affecting China's foreign trade development, and the foundation for supporting the continuous improvement of foreign trade is still not solid.

Experts interviewed pointed out that the key to the development of China's foreign trade lies in deepening the structural reform of supply side rather than emphasizing quantity and speed. The focus of future policy orientation should be to adapt to the new normal of medium and low speed growth, focus on readjust the structure of foreign trade and promote industrial transformation and upgrading, so as to enhance the overall competitiveness of foreign trade.

"Under the overall downturn of Global trade, China's impact is relatively large, which is related to the large volume of foreign trade in China. This is the inevitable result." Chen Jianqi, deputy director of the world economic center of the International Strategic Research Institute of the Central Party school, said in an interview with the International Business Daily reporter.

Huang Songping pointed out that in 2016 global economy Still in the deep adjustment period after the outbreak of the global financial crisis, the economic recovery is weak, and the demand for the international market is weak. The unstable and uncertain factors of China's foreign trade development are increasing obviously, the economic downward pressure is increasing, the overall situation is complex and severe, and the import and export is showing a trend of low, high and stable in the whole year.

It is worth noting that last year, China's imports and exports showed a steady trend. The import and export growth achieved positive growth in the fourth quarter of last year. Zhang Yansheng, research fellow of the national development and Reform Commission and chief researcher of China International Economic Exchange Center, told an international business daily reporter that in the fourth quarter of last year, China's foreign trade increased slightly. The key lies in the improvement of the external environment and the steady development of the Chinese economy in the three or four quarter.

In addition, Huang Songping said that the promotion of foreign trade has stabilized. policy The gradual implementation of the measures has also played a key role. Since 2014, the State Council has issued more than 10 documents on steady growth in foreign trade, and relevant departments have improved relevant supporting measures. In September last year, the Ministry of Commerce and the General Administration of Customs jointly issued a notice to cancel the processing trade examination and approval nationwide. In November last year, the Ministry of Finance and the State Administration of Taxation jointly issued a notice to raise the export tax rebate rate for key products such as electromechanical products and refined oil products to 17%. All these have played a positive role in promoting the steady growth of foreign trade.

As for the development of China's foreign trade in 2017, Huang Songping pointed out that the world trade organization's latest trade outlook report lowered the growth forecast of Global trade in goods to 1.8%~3.1% in 2017, which means that global trade will still be difficult to pick up in 2017, with uncertain factors increasing. China's foreign trade is also hard to get away with.

In addition, Huang Songping pointed out that under the backdrop of global economic growth, the implementation of trade protection, the establishment of trade barriers, and the use of anti-dumping measures to intervene in normal trade have become an important means for the countries concerned to seize the international market share. The trend of counter globalization is increasingly obvious. China has become the biggest victim of this trend.

Experts generally believe that the current global political situation is undergoing tremendous changes, such as Britain's departure from Europe, major European elections, new US President Trump taking office, or exacerbating global protectionism, which further restricts China's expansion of exports. It is expected that the situation of export unoptimistic in 2017 will continue, especially in order to prepare for more severe trade protectionism.

"China is the proponent, advocate and beneficiary of globalization, so reverse globalization has a great impact on China. Unless we adapt to the new situation, we need to adjust quickly and minimize the losses brought by counter globalization." In response to the above situation, Zhang Yansheng said that under the background of the relatively low world economy, China foreign trade The focus of development is to adapt to the new normal and deepen the structural reform of the supply side. It is clear that the purpose of the supply side reform is not to pursue speed, but to focus on quality and efficiency.

In the short term "stability", "medium-term" adjustment "and" long-term changes "in the development of China's foreign trade, Zhang Yansheng believes that the key lies in the" adjustment ". Through structural adjustment and structural reform, we should accelerate the transformation from relying on the production of foundry industry to relying on independent intellectual property rights, independent brands and independent marketing channels to increase the momentum of growth, so as to achieve the transformation from low end to medium to high end, thus enhancing the overall competitiveness of foreign trade." three "

In addition to deepening the structural reform of the supply side and promoting the transformation and upgrading of the foreign trade structure, Chen Jianqi suggested that on the one hand, we should increase tax reduction and lighten the burden of foreign trade enterprises; on the other hand, we should speed up the negotiation of regional economic partnership agreements and the construction of "one belt and one road", improve the external economic and trade environment, and push China's foreign trade steadily forward from the perspective of increments.

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