At a critical moment, China stabilizes foreign trade and makes renewed efforts
  • Release time : 2022-09-17
China stabilizes foreign trade with renewed strength. The executive meeting of the State Council held on the 13th made it clear that it is necessary to strengthen service guarantees such as outbound exhibitions and negotiation; to set up a new batch of cross-border e-commerce comprehensive pilot zones; to improve the efficiency of port collection and distribution and domestic transportation. Analysts here believe that the introduction of a policy to stabilize foreign trade at this time may be more effective because the timing is right.

   Currently, China's foreign trade is at a critical moment. According to official statistics, China's total import and export value in the first eight months of this year was 27.3 trillion yuan (RMB, the same below), a year-on-year increase of 10.1%. At a time of overall weakness in global trade, this "report card" is dazzling compared with the world's major advanced economies.

   But the prospect of foreign trade is not safe. Gao Lingyun, a researcher at the Institute of World Economics and Politics of the Chinese Academy of Social Sciences, said that China's foreign trade is currently in a critical period of positive development, but the epidemic is still evolving, the risk of stagflation in the world economy is rising, and the monetary policy of major developed economies has contracted, all of which have magnified External demand market uncertainty.

  Gao Lingyun said that in order to consolidate the good trend of increasing foreign trade volume and quality, it is necessary to introduce more policies and measures that are conducive to foreign trade enterprises to open up new markets, develop new formats, and develop new products. At this time, it is just the right time to stabilize the foreign trade policy.

  Wei Jianguo, vice chairman of the China Center for International Economic Exchanges, also said in an interview with a reporter from China News Agency that foreign trade has always been said to be "gold and silver and ten". Now that Europe and the United States are about to usher in the Christmas consumption season, many large supermarkets also need to replenish their inventories due to supply chain blockages some time ago. Europe also needs to stock up a large number of winter commodities, which is an excellent time for Chinese foreign trade companies to obtain new orders. Therefore, seizing the current time window to issue supportive policies in a timely manner is critical to stabilizing foreign trade throughout the year or even the coming year.

   Different from the previous ones, the new round of foreign trade stabilization policy proposed by the State Council executive meeting has made more detailed arrangements for guaranteeing orders. The meeting made it clear that it will support the expansion of the market by guaranteeing orders, and strengthen service guarantees such as outbound exhibitions and business negotiations.

  The difficulty of receiving orders is one of the biggest “pain points” of foreign trade companies. A survey recently released by the China Council for the Promotion of International Trade showed that 62.5% of foreign trade companies indicated that their orders were unstable, with more short orders and small orders, and fewer long and large orders. Many companies are looking forward to the resumption of domestic exhibitions and the opening of overseas exhibitions to obtain more orders.

   To stabilize foreign trade, to a large extent, it is necessary to stabilize orders. Only if the order is not lost, China's foreign trade can "keep the green hills". This time, the government has clearly strengthened the guarantee of services such as outbound exhibitions and business negotiations, which is undoubtedly beneficial to foreign trade enterprises that urgently need to obtain new orders at large international exhibitions.

   In addition to addressing the pain points of foreign trade enterprises, this State Council executive meeting also gave greater support to cross-border e-commerce. The meeting called for the establishment of a new batch of cross-border e-commerce comprehensive pilot zones, and greater support for overseas warehouses.

  Cross-border e-commerce has played a prominent role in boosting foreign trade during the epidemic prevention and control period, and has become a new engine supporting trade development. According to official statistics, China has become the world's largest cross-border e-commerce retail export economy. Last year, the total value of cross-border e-commerce imports and exports was close to 2 trillion yuan. In the first half of this year, China's cross-border e-commerce import and export volume increased by 28.6% year-on-year, of which the export growth rate was as high as 44.1%.

   At present, there are more than 130 cross-border e-commerce comprehensive pilot zones in China. Analysts believe that encouraging the expansion of the cross-border e-commerce comprehensive pilot zone, supporting its pilot and pilot testing, and making full use of the combination of online and offline channels will help expand the diversified market space and promote the stability and improvement of foreign trade.

        Zhang Li, director of the E-Commerce Research Institute of the Institute of International Trade and Economic Cooperation of the Ministry of Commerce of China, said that the establishment of a cross-border e-commerce comprehensive pilot zone is to guide enterprises to reconfigure, integrate and improve channel resources, according to the development law of cross-border e-commerce and the market To meet the demand, build a comprehensive cross-border e-commerce service system from the supply chain, value chain and resource chain, drive China's cross-border e-commerce to high-quality development, and inject more impetus to stabilize foreign trade.

         Wei Jianguo said that from the perspective of supporting enterprises to maintain orders and expand the market and improve logistics efficiency, the tone of the foreign trade stabilization policy deployed at the executive meeting of the State Council is more proactive, which will help foreign trade enterprises win the first place in the current fierce market competition. machine.

   Transferred from: China News Network
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