Policy Effectiveness Continuously Releases Steady Progress in Foreign Trade, Strong Resilience
2022-12-26
Foreign trade involves a wide range of industries and enterprises, which often affect the whole body. Therefore, stabilizing foreign trade is a key link to ensure the smooth operation of the economy. According to the data of the General Administration of Customs, in the first 11 months of this year, China's total import and export value was 38.34 trillion yuan, an increase of 8.6% over the same period last year, indicating that China's foreign trade withstood multiple pressures and showed strong resilience and vitality. Liu Xiangdong, Vice Minister of the Economic Research Department of the China International Economic Exchange Center, told the reporter of the Securities Daily that under the background of the global economic downturn and the weakening of the momentum of trade and investment, China's foreign trade imports and exports have shown a steady growth in total volume and continuous optimization in structure; At the same time, we will maintain stable and diversified economic and trade relations with major trading partners, which will strongly support the stability of China's foreign trade. The policy signal was released positively. Experts interviewed believed that since this year, a series of policies and measures to stabilize foreign trade have been issued continuously, ensuring the high-quality development of foreign trade. Specifically, in April, the State Administration of Taxation and other ten departments jointly issued the Notice on Further Strengthening the Support for Export Tax Rebates to Promote the Steady Development of Foreign Trade, proposing 15 measures in terms of helping enterprises to rescue, optimizing the business environment, and promoting the steady development of foreign trade; In May, the General Office of the State Council issued the Opinions on Promoting the Stability and Quality Improvement of Foreign Trade, proposing 13 policies and measures to help stabilize the economy and stabilize the supply chain of the industrial chain; In September, the Ministry of Commerce issued Several Policies and Measures to Support the Stable Development of Foreign Trade, which proposed a number of policies and measures from the aspects of ensuring production and performance, supporting competitive products to explore the international market, actively supporting enterprises to participate in various exhibitions and grasp orders, and further promoting smooth trade. Recently, commercial departments in many places have organized enterprises to "go abroad" to expand business, further releasing the positive signal of stable foreign trade. In the opinion of Wang Qing, the chief macro analyst of Oriental Jincheng, in 2022, China's foreign trade will be characterized by "strong exports and weak imports", and the driving force of net exports on GDP growth will continue to be at a high level. It can be said that this year's foreign trade is another key factor contributing to the steady growth of the whole year, following the acceleration of infrastructure investment. In addition, from the local level, provinces are also actively playing their comparative advantages to stabilize foreign trade. For example, Shandong Province proposes to vigorously cultivate new forms and models of foreign trade; Jiangsu Province issued the "12 articles on foreign trade stability and quality improvement", and organized "going to sea" to grab orders; Zhejiang Province proposed to increase the international maritime logistics rescue efforts and strengthen the support of credit insurance. Mingming, the chief economist of CITIC Securities, told the reporter of Securities Daily that thanks to the effective implementation of the policy of stabilizing foreign trade and the continuous promotion of the resumption of production, China's exports recovered rapidly in May this year, reversing the adverse situation in April, and the export growth (denominated in U.S. dollars) in May, June and July maintained a positive growth of more than 15%, so as to seize the window period when foreign demand has not yet fallen, and drive the export growth throughout the year. With the development of digital economy, new forms of business and new models of foreign trade, represented by cross-border e-commerce, are growing rapidly and becoming the main driving force for China's export growth. Since this year, various departments throughout the country have continued to support new business forms
Edit：wangwenting Responsible editor：xiaomai
Source：china.cn
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