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    Ministry Of Commerce: Although The Situation Is Grim, The Long-Term Trend Of China'S Foreign Trade Will Not Change.

    2020/3/18 10:17:00 0

    SituationForeign TradeLong Term Trend

    On March 13th, at the press conference of the joint defense and joint control mechanism of the State Council, Li Xingqian, director of the foreign trade division of the Ministry of Commerce, pointed out that the domestic and international situation faced by this year's foreign trade development is extremely complex and severe, but the long-term trend of China's foreign trade will not change.

    Li Xingqian, director of the foreign trade division of the Ministry of Commerce, pointed out that the domestic and international situation faced by this year's foreign trade development is extremely complex and severe. The epidemic has spread in 120 countries and regions around the world. The downward pressure on the global economy has increased significantly, and the international financial and energy market has fallen unevenly. The Baltic dry bulk index BDI has dropped by 75% compared with the peak in September last year.

    Li Xingqian, director of foreign trade division, Ministry of Commerce

    However, he pointed out that China's foreign trade has great potential, toughness, competitiveness and stable industrial chain. Zhejiang, Jiangsu, Shanghai and other major foreign trade, big cities and key foreign trade enterprises have all returned to work. China has confidence in stabilizing the basic foreign trade market.

    Affected by the superimposed Spring Festival factors, China's foreign trade enterprises returned to work late this year, coupled with poor logistics and transportation, and blocked international contacts. Customs data show that from 1 to February this year, China's foreign trade import and export volume totaled 4 trillion and 120 billion yuan, a decrease of 9.6%. Among them, exports in February showed a decline of two figures.

    Li Xingqian pointed out at the press conference that with the gradual control of the epidemic and the implementation of a series of stable foreign trade policies and measures implemented by the Chinese government, the effect is gradually emerging. According to the Ministry of Commerce monitoring, the progress of resumption and resumption of production of foreign trade enterprises everywhere is accelerating, and the ability to perform is rapidly rising. Among them, Zhejiang, Jiangsu, Shanghai and other foreign trade provinces, big cities, key foreign trade enterprises have all returned to work.

    At the news conference of the Ministry of Commerce in March 12th, Li Xingqian said that at present, the turnover rate of foreign trade enterprises in 8 provinces and cities such as Shandong, Anhui and Liaoning exceeded 80%, and the recovery rate of key foreign trade enterprises in 19 provinces and cities such as Zhejiang, Jiangsu and Shanghai has reached or nearly 100%.

    Li Xingqian stressed that from this year, the situation faced by the foreign trade development is extremely complex and severe, and the uncertain factors have been increasing. Internationally, the epidemic is spreading all over the world, and 120 countries and regions have confirmed cases. The who believes that the new crown pneumonia epidemic has already had a pandemic feature, and the downward pressure on the global economy has increased significantly. The international financial and energy markets have been abnormally slumped, and new variables have emerged in international demand. The Baltic dry bulk index BDI declined by 75% compared with the peak in September last year.

    From the domestic perspective, insufficient demand will also increase import pressure. In February, the PMI of manufacturing industry was only 35.7%, a decrease of 14.3 percentage points from last month, and also a record low.

    "At the same time, we should also see that China's foreign trade has great potential, resilience, competitiveness and stable industrial chain, and the enterprises have strong sense of innovation and market development. The trend of long-term development of foreign trade has not changed. China is fully confident of stabilizing its foreign trade base. " He said that after the outbreak of the epidemic, some foreign trade enterprises were difficult to fulfill their sales orders, so some orders were transferred. This is a normal phenomenon in the field of trade and investment. The normal market mechanism is being gradually restored, and enterprises from all countries are encouraged to cooperate with Chinese enterprises in industrial chain and supply chain. China has always been a hot spot for investment in global enterprises. The current international market is changing. Once again, China is probably the best place to avoid risks in the world. ?


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