Import And Export Volume Declined Year-On-Year In October, And The Textile Industry Was "Warm And Self Aware".

The National Bureau of statistics released today's economic performance data for October. Data show that in October, the total import and export volume was 27071 billion yuan, down 0.5% compared with the same period last year, a decrease of 2.7 percentage points from last month. Among them, exports of 15042 billion yuan, an increase of 2.1% over the same period last month, a decrease of 0.7%, an import of 12029 billion yuan, a decrease of 3.5%, a decrease of 2.5 percentage points from last month. The trade surplus is 301 billion 300 million yuan.

The scale of trade continued to expand. In 1-10 months, the total import and export volume was 256273 billion yuan, an increase of 2.4%. Among them, exports of 139840 billion yuan, an increase of 4.9%; imports of 116432 billion yuan, down 0.4%. The trade structure continued to be optimized. General trade imports and exports grew by 4.8%, accounting for 59.3% of the total import and export volume, 1.4 percentage points higher than the same period last year. The import and export of private enterprises increased by 10.3%, accounting for 42.4% of the total import and export volume, 3 percentage points higher than the same period last year. Industrial Enterprises above Designated Size achieved export value of 101139 billion yuan, an increase of 1.8% over the same period last year.

Liu Aihua, spokesman for the National Bureau of statistics, said foreign trade and foreign investment had improved. Exports in October showed a marked improvement over the previous month, turning from last month's year-on-year decline to 2.1% in October. From 1-10 months, imports and exports grew by 2.4% and exports increased by 4.9%. As we all know, the growth rate of world trade continues to decline this year. Under such circumstances, it is rather difficult for China to achieve such a speed of import and export.

From the perspective of foreign trade structure, the foreign trade structure is also continuously optimized. In general, trade accounted for 59.3% in 1-10, an increase of 1.4 percentage points compared with the same period last year, while private enterprises' imports and exports also maintained a relatively fast growth. From the perspective of foreign investment, the actual use of foreign capital in the month of 1-9 increased by 6.5% compared to the same period last year, and maintained a relatively fast growth rate. In addition, foreign exchange reserves also increased at the beginning of the year and remained above 3 trillion US dollars.

Liu Aihua also mentioned that in the first three quarters of this year, GDP maintained a high growth rate of 6.2%. It is estimated that every increase of one percentage point of economic growth will probably bring about two million of employment. In fact, the growth rate of 6.2% should be able to drive the total employment volume between 11 million and 12 million.

The second factor is structural adjustment. Over the past few years, the trend of China's industrial structure adjustment has changed from industrial leading to service oriented, and in terms of industry, the absorptive capacity of the service industry to labor force is stronger. By 2018, the proportion of the third industry to GDP has risen to 52.2%, and every year it is upgrading. Therefore, the change of industrial structure is an important factor. The third reason is that there are more and more new formats supporting flexible employment.

As for the textile industry, the Sino US trade relationship has been affecting the textile market. With regard to the weak foreign trade orders this year, most of the enterprises' responses are 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.

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.