The Sino US Trade And Economic Consultations Made Two Calls In 7 Days, And The Industry Came Again With Positive News.

On the evening of November 1st, the CPC Central Committee Political Bureau member, the vice premier of the State Council, and the Chinese leader of the Sino US comprehensive economic dialogue, Liu He, spoke with the US trade representative, Mr. lettchet, and finance minister Mnuchin.

The two sides held serious and constructive discussions on properly resolving their respective core concerns and reached consensus in principle. The two sides discussed the arrangements for further consultation.

Economic and trade news and the October non farm employment data double boost, the three major indexes in the United States sharply increased, the S & P 500 rose 0.97%, the NASDAQ rose 1.13%, and hit a record high, the Dow rose 1.11%.

Sino US economic and trade consultation reached a principled consensus

This is the second call from the two sides during the 7 day Sino US economic and trade consultations. On the evening of October 25th, Liu and Wright F Ze agreed to speak with Mr. The two sides agreed to properly resolve their core concerns and confirmed that the technical consultation of some texts was basically completed.

According to Xinhua news agency, White House spokesman Hogan Gidley said 30, the US government still expects to finalize the first stage trade agreement with China in November.

Chinese Ministry of Commerce spokesman issued a statement on 31 th Beijing time, saying that the Sino US economic and trade team has maintained close communication, and the consultations are progressing smoothly. The two sides will continue to push forward consultations and other work according to the original plan.

Chinese Foreign Ministry spokesman, Geng Shuang 31, said that China and the United States have maintained close communication on Sino US economic and trade issues. In from October 10th to 11th, the two sides held a thirteenth round of high-level consultation on Sino US trade and economic cooperation. On the 25 day, the leaders of both sides made a call. The leaders of both sides will make another call on Friday. At present, consultations are progressing smoothly, and the two sides will continue to push forward consultations and other work as planned. "In other words, we hope that on the basis of mutual respect, equality and mutual benefit, the two sides can find ways to properly solve economic and trade problems." He also said that "the heads of state of China and the United States have maintained contacts through various means".

Sino US trade relations are far-reaching.

The repeated trade relations between China and the United States have been affecting the textile market. Regarding the weakness of foreign trade orders this year, Xiaobian visited some foreign trade enterprises. Most of the enterprises' responses were influenced by foreign trade policies, especially the Sino US trade relations. Although the war between China and the United States has not yet burned to the fabric industry, many textile owners say they dare not take orders from the US market this year. Under the circumstances of Sino US trade war, many other countries have also made adjustments to customs duties. Therefore, tariffs are also an important factor affecting the order of enterprises.

On the surface, Sino US trade war has no direct impact on the material industry, but in fact, there is a hidden and far-reaching influence that we find it difficult to find. As a result, foreign trade orders decreased this year. Many foreign trade enterprises therefore do not consider entering the US market, but the purchasing power of the US market is very strong, and the order volume is also large.

Since the beginning of this year, the order situation has been very mild, and there is no improvement. It can be summarized by "small batch and multiple batches". The market order is more popular, but after all, it is just a phase of explosion. The domestic market demand is weak, so it is difficult to make substantial changes. The situation of foreign trade is also general. The loneliness of domestic sales also affects foreign trade to a certain extent. This year's foreign trade enterprises are not comfortable enough.

A salesman at a printing and dyeing plant in Wujiang said: "at present, the factory's activities are mainly based on T400, T800 and other market goods. There are not many orders. Orders for this year have not been much."

Foreign trade orders have not yet started.

A head of a trade enterprise in Wujiang revealed: "this year's overall foreign trade is sluggish, and the volume of single volume will be reduced by more than 30% over last year. There are few recent lists, and some of them are sitting in company resting. Our company mainly orders the fabrics made mainly of nixie spinning and spring Asia spinning, but now we have thousands of minis spinning, and there are only a few orders for the first half of the spring, but not yet in the second half of the year. At this time in the past, the amount of nylon spinning and spring spinning began to rise, but this year it has not moved yet.

The boss mentioned the recent situation of the company, though it is a small company, it can also reflect the stage of foreign trade. It is understood that the current foreign trade market orders are still in a stable period, less than in September. This year's foreign trade situation is complex and changeable. The volume of foreign trade of some enterprises has been reduced by 1/3. Especially during the off-season of 7 and August, there is basically nothing to do.

In retrospect, foreign trade orders have been issued, and foreign trade companies are busy coming out. The printing and dyeing factory has long been sold out by market orders and foreign trade orders, and the delivery period is as long as 20 days. Look now, orders are sporadic, and the delivery date of foreign trade and printing and dyeing mills has been shortened to 5-7 days.

The traditional "golden nine silver ten" has ended. When will the foreign trade orders be issued? Xiaobian believes that many foreign trade orders come from brands, and the total volume of clothing sales is expected. According to past orders, the foreign trade orders in spring and summer will start in mid November next year, and will continue until next March and April. In addition, with the easing of Sino US trade relations, the possibility of a rebound in the foreign trade market has also increased. It can be seen that foreign trade orders need to be concentrated for a long time. The boss should wait patiently and prepare for subsequent orders. (source: China new net, China silk net)