Recently, customs released data showing that in the first half of this year, China's total import and export value of goods trade was 20.1 trillion yuan, a year-on-year increase of 2.1%, and the scale exceeded 20 trillion yuan for the first time in history during the same period. This breakthrough was achieved against the backdrop of a complex and severe external environment and a slowdown in global trade and investment, as well as the disappearance of early 'one-time driving factors' such as epidemic prevention materials and' housing economy 'products. It is indeed not easy. "On July 13th, Lv Daliang, spokesperson for the General Administration of Customs and Director of the Department of Statistics and Analysis, stated at a press conference of the State Administration for Foreign Affairs, The World Trade Organization predicts that global trade in goods will grow by 1.7% this year, significantly lower than the average level of 2.6% in the past 12 years. The slowdown in trade is a common challenge faced by various economies, and the difficulties are more global. Compared with neighboring economies that have already released data, China's foreign trade still shows strong resilience and its competitive advantage is stable and strengthened. This year marks the 10th anniversary of the "the Belt and Road" initiative and the full entry into force of the Regional Comprehensive Economic Partnership (RCEP). China's huge development potential released by further opening up is highly anticipated. Song Wei, professor and doctoral supervisor of the School of International Relations of Beijing Foreign Studies University, said in an interview with People's Daily Online that the trade and RCEP of countries along the "the Belt and Road" have come into full force, and continue to help stabilize the scale, optimize the structure, and expand the market of China's foreign trade, which is reflected in the following aspects: First, the scale of foreign trade continues to expand. In the past 10 years, the proportion of China's imports and exports to countries along the "the Belt and Road" has increased from 25% in 2013 to 32.9% in 2022. Meanwhile, in the past 10 years, the average annual growth rate of trade between China and ASEAN has been 9.9%, which is 4.3 percentage points faster than the overall average annual growth rate of China's foreign trade. ASEAN has jumped from China's third largest trading partner to the largest trading partner. After the RCEP came into effect, many favorable policies such as tariff reduction and origin accumulation rules were implemented, and China's economic and trade exchanges with ASEAN became closer. The second is the continuous optimization of foreign trade structure. In 2022, China's exports of intermediate products to countries along the "the Belt and Road" will reach 4.44 trillion yuan, an increase of 23.9%, accounting for 56.3% of China's total exports to countries along the "Belt and Road" in the same period. The exports of textiles, electronic components, basic organic chemicals, and automotive parts increased by 14.5%, 21.1%, 31.3%, and 24.6%, respectively. During the same period, the total value of imported energy products and agricultural products was 2.46 trillion yuan and 370.41 billion yuan, respectively, with growth rates of 58.8% and 13.4%. In 2022, China's import and export of intermediate products to other RCEP member countries reached 8.7 trillion yuan, an increase of 8.5%, accounting for 67.2% of the total value over the same period. China's export of mechanical and electrical products and labor-intensive products to other RCEP member countries increased by 13.2% and 20.7%, respectively. China's import structure to RCEP countries has gradually upgraded from simple technology and intermediate technology intensive manufacturing products to intermediate technology and high-tech intensive finished products, The proportion of resource-based manufactured goods is relatively high. This reflects China's continuous upward position in the global manufacturing industry chain
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：people.cn
Special statement: if the pictures and texts reproduced or quoted on this site infringe your legitimate rights and interests, please contact this site, and this site will correct and delete them in time. For copyright issues and website cooperation, please contact through outlook new era email：lwxsd@liaowanghn.com
Economy
Recommended Reading Change it 
Home
