What Is The Effectiveness Of China's Foreign Trade Development Diversification Strategy? China's Foreign Trade Situation Report (Spring 2019) Released

Recently, the Ministry of Commerce and the international trade and Economic Cooperation Research Institute jointly issued " Report on China's foreign trade situation (spring 2019) (hereinafter referred to as the "report").

The report is reviewed. The overall situation of China's foreign trade in 2018 and the first quarter of 2019 The analysis is made. China's foreign trade development environment in 2019 。

In 2018, faced with the complex domestic and international situation, especially the severe challenges of Sino US economic and trade frictions, China's foreign trade steadily improved and the quality and efficiency improved further. The status of the first big trade in goods trade and the second major powers of trade in services became more consolidated, and the construction process of trade and power was accelerated.

In the first quarter of 2019, the export of labor intensive products in China increased synchronously, and the structure of export commodities continued to optimize. While consolidating the traditional competitive advantages of exports, China continued to cultivate new advantages in export competition, and the export of high quality, high technology, high added value, independent intellectual property rights and independent brand products continued to grow. Among them, Clothing, toys and other 7 categories of labor-intensive products total exports of 685 billion 530 million yuan, an increase of 6.5% over the same period, accounting for 18.2% of total exports.

In the first quarter of 2019, China's foreign trade development and market diversification strategy achieved remarkable results.

Specifically, the first quarter of the EU, ASEAN, Japan import and export growth year on year respectively 11.5%, 8.1% and 3.2% Accounting for the total import and export volume of the same period. 15.8%, 13.3% and 7.2% 。 The growth of imports and exports along the "belt and road" countries 7.8% It is higher than the overall growth rate of foreign trade in the same period. 4.1 percentage points The total volume of imports and exports 28.6% , higher than the same period last year. 1.1 percentage points 。 Among them, imports and exports of Saudi Arabia, Egypt and Russia increased respectively. 33.8% , 18.3% and 9.6% 。 Import and export growth in Latin America and Africa increased year on year 15.8% and 7.6% Which account for the total import and export volume respectively. 7% and 4.6% Upgrading separately 0.7 and 0.1 percentage points 。 US import and export year on year Down 11% The total volume of imports and exports 11.6% 。 Among them, exports and imports fell to the US respectively. 3.7% and 28.3% 。

The report considers that Since 2019, the foundation for the high quality development of China's foreign trade has been further consolidated, the supporting conditions are becoming more mature, the foreign trade structure is constantly optimized, and the endogenous power continues to grow. However, the environment facing the development of foreign trade is more complex, more uncertain and more risky.

From the international perspective, the weakening of world economic growth, the decline of global market demand and the rise of trade protectionism aggravate the uncertainty of the external market. From the domestic perspective, foreign trade development is facing difficulties in weakening traditional advantages and not yet establishing new competitive advantages.

Faced with severe and complex development environment, this year, China's foreign trade needs to overcome even greater difficulties and achieve more efforts to achieve stable and medium quality development goals.