China'S Foreign Trade Stabilizes Well And Has To Go Through Three Hurdles.

Recently, the report on China's foreign trade situation (spring 2017) issued by the Ministry of Commerce has made a judgement on the foreign trade situation this year.

Experts pointed out that, to stabilize, China's foreign trade indeed has many "canes" to go through. At present, the most prominent thing is the instability of external demand recovery, fierce competition in industry and frequent occurrence of trade frictions. For this reason, it is necessary to "suit the remedy to the case" and promote foreign trade "climbing over the ridge".

China's foreign trade has been doing well since the beginning of this year.

Experts pointed out that from the first quarter data, import and export increased by 21.8% over the same period last year, of which, export growth in March hit a new growth rate in the past two years.

The structure of foreign trade continues to be optimized, and the export of mechanical and electrical products is better than the whole.

Positive changes have increased significantly.

In addition, the 121st Canton Fair closed in May 5th also witnessed the rebound in foreign trade.

Xu Bing, spokesman of the press conference, said that the procurement and sales of overseas purchasers in the Guangzhou Fair were better than the same period last year.

Purchasers attended more than 19.6 people, from 213 countries and regions, an increase of 5.87% over the same period last year.

Cumulative export turnover of 206 billion 357 million yuan, an increase of 6.9% over the same period.

"This year, China's foreign trade situation has indeed improved. In addition to data optimization and structural optimization, the domestic and international environment we are facing is also improving.

Internationally, the global economy has recovered and the external demand has improved significantly. New trade patterns have springing up and new industries have strengthened their role in trade.

From the domestic point of view, the structural reforms that have continued to be effective have been promoting the formation of China's new advantages in foreign trade and enhancing the competitiveness of foreign trade.

Li Dawei, an associate researcher of the national development and Reform Commission's Foreign Economic Research Institute, said in an interview with our reporter.

Despite the improvement of the situation, the resistance faced by the stable foreign trade can not be ignored.

According to the report of the Ministry of Commerce, the challenges and pressures of China's foreign trade development lie in the following aspects: first, the foundation of external demand recovery is not stable; two, the new round of industrial competition is more intense; three, the impact of trade friction is further highlighted.

"In order to restore stability, improve quality and efficiency, China's foreign trade indeed needs to be overcome.

As far as the environment is concerned, there is still a great deal of uncertainty in the world, and foreign demand can hardly be completely improved, which is obviously not conducive to the continued stabilization of foreign trade.

Li Dawei said, in addition, fierce competition is a "big hole" that China's foreign trade needs to go through. The reason lies in: on the one hand, China's new advantages in foreign trade are not strong enough; on the other hand, in the background of enhancing competitiveness of domestic manufacturing industry, the traditional competitive advantage of Chinese manufacturing industry has been weakening.

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Data showed that China's export growth rate was lower than that of Vietnam, India, Indonesia and other emerging economies in the whole year of 2016 and the first two months of 2017, and lower than those of developed countries such as the United States, the European Union and Japan.

At the same time, trade friction and protectionism are restricting China and even the whole world.

The growing shadow has aroused great concern of the international community.

Azevedo, director general of the World Trade Organization (WTO), said in Berlin a few days ago that some developed countries had set up trade barriers in order to deal with the loss of employment, which was very harmful. He even described trade war as a "destructive zero sum game".

The International Monetary Fund (IMF) also said that the "sword of trade protection" still hung high on Global trade.

In the face of challenges, we need to prescribe the right medicine and promote foreign trade.

First of all, China's exports account for more than 13% of the international market share. In the face of unstable external demand, although it is difficult to further improve market share, it is difficult to consolidate the higher level. Secondly, enhancing foreign trade competitiveness is the top priority. We must vigorously support the development of new trade formats, and continue to improve the competitiveness of traditional industries, and work hard in terms of quality, standards and brands. Furthermore, we should constantly improve the level of trade facilitation and expand international trade cooperation.

Li Dawei said.

Li Dawei further pointed out that in the field of international trade cooperation, the "one belt and one way" will play an important role in stabilizing China's foreign trade and Global trade.

Recently, trade between China and other countries along the "belt and road" has increased rapidly, which has made strong support for the stability of foreign trade.

In addition, the continuous promotion of "one belt and one road" will help further reduce trade barriers and expand the market, and promote the growth and sustainable development of all participants, including China.

As for the future, the Ministry of Commerce emphasizes that China's foreign trade has 3 "unchanged", that is, the fundamentals of foreign trade development have not fundamentally changed, and the complementary advantages of developed countries and developing countries have not changed.

Through the hard work of the enterprises, we have the confidence to achieve a better goal for the whole year.

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