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Economy

$31.99 billion, 81.6%... rebounding and improving! China's foreign trade shows positive changes

2024-05-31   

A certificate of origin is a document issued by a specific organization in the exporting country to prove that the exported goods are of origin in that country (or region), and its issuance is also considered a barometer of foreign trade. The reporter learned at the monthly press conference of the China Council for the Promotion of International Trade held today (May 30th) that in April of this year, the non preferential certificate of origin visa amount in the national trade promotion system was 31.999 billion US dollars, with a total of 350900 visas, a year-on-year increase of 6.86%. The preferential certificate of origin visa amount for the national trade promotion system is 6.014 billion US dollars, with 182300 visa applications, a year-on-year increase of 27.67%. The top five regions in China are Guangdong, Jiangsu, Zhejiang, Shandong, and Tianjin, accounting for 70.70% of the total visa amount. 81.6% of foreign trade enterprises predict that their exports will improve or remain stable in the first half of the year. At the press conference, a spokesperson for the China Council for the Promotion of International Trade announced that according to recent research by the China Council for the Promotion of International Trade, 81.6% of foreign trade enterprises predict that their exports will improve or remain stable in the first half of the year. Since the beginning of this year, China's goods trade has continued the upward trend since the fourth quarter of last year. The foreign trade structure has been continuously optimized, and the international market share has steadily improved. The policy of stabilizing foreign trade has continued to be strengthened, and the confidence and vitality of enterprises have been enhanced. According to a recent survey by the China Council for the Promotion of International Trade, 81.6% of foreign trade enterprises predict that their exports will improve or remain stable in the first half of the year, and 65.1% of surveyed enterprises will see an increase or remain stable in new orders compared to the previous quarter. Zhao Ping, spokesperson for the China Council for the Promotion of International Trade, said that based on specific analysis, firstly, the improvement of external demand drives the acceleration of exports; Secondly, advantageous products support the growth of foreign trade; Thirdly, new quality productivity promotes the development of foreign trade enterprises. At the same time, many interviewed enterprises have also reported that foreign trade will face significant challenges in 2024, and the international trade environment remains complex and severe. Cost pressures on enterprises have increased, and stabilizing orders, acquiring new orders, and expanding markets are the most urgent tasks for enterprises. Next, the China Council for the Promotion of International Trade will face important economic and trade partners such as Europe, America, Japan, South Korea, ASEAN, and Latin America, continue to promote the work of "thousand delegations going abroad", and organize foreign-funded enterprises to participate in exhibitions and conduct inspections and negotiations overseas; Organize the second Chain Expo with high quality to help enterprises acquire new customers and orders; Strengthen commercial legal services, increase early warning and response efforts for economic and trade frictions, help enterprises prevent risks, resolve disputes, safeguard their rights, and better play the supporting role of foreign trade imports and exports in the economy. (Lai Xin She)

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