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Original title: Multi-indices broke the trend and broke records, setting new heights in the development of foreign trade
In 2020, the total value of China’s import and export goods trade was RMB 32.16 trillion, a year-on-year increase of 1.9%, making it the only major economy in the world to achieve positive growth. in the trade of goods. The foreign trade report card published by the General Administration of Customs on the 14th has many bright spots. Both total and international market share has reached record levels. The position of private companies as the main subject of foreign trade has been consolidated and the growth rate of cross-border e-commerce has reached 31% … In 2015, China’s multiple import and export indices broke records against the trend , marking a new level of development of foreign trade.
The experts interviewed believe that the success of foreign trade is not easy to achieve. Behind it is the continuous optimization of China’s foreign trade structure and the growing endogenous driving force. As the innovative development of foreign trade continues to create favorable situations, the optimization of the scale and structure of China’s imports and exports is expected to bring further progress.
Development exceeds expectations
Several indicators reached record levels
At the press conference of the State Council Information Office on the 14th, Li Kuiwen, spokesman for the General Administration of Customs and Director of the Department of Statistical Analysis, said that China’s foreign trade imports and exports last year were significantly better than expected, becoming the only major economy in the world to achieve positive growth in trade in goods. It reflects the strong resilience and comprehensive competitiveness of China’s foreign trade. “Not only has it achieved stable growth, it has also achieved quality improvement.”
In the 2020 foreign trade report card, in addition to the record of total and international participation, there are also a number of positive changes: the vitality of foreign trade entities continues to increase, with 531,000 companies with real import and export performance, a 6.2% increase; trading methods are more optimized and the year 2020 is general. Commercial import and export was 19.25 trillion yuan, an increase of 3.4%, accounting for 59.9% of the total value of foreign trade, an increase of 0.9% over 2019; the product structure also showed positive changes, and the total export of laptops, tablets and household appliances increased by 22.1%. Total exports increased 1.3 percentage points.
Li Kuiwen further introduced that as of June 2020, China’s foreign trade imports and exports have achieved positive growth for seven consecutive months, and the country’s largest status in goods trade has been further consolidated. According to data published by the WTO and other countries, in the first 10 months of 2020, China’s participation in the international import and export market, exports and imports reached 12.8%, 14.2% and 11.5% , respectively, establishing all-time highs.
Liang Ming, director of the Foreign Trade Research Institute of the Ministry of Commerce, said in an interview with an Economic Information Daily reporter that 14.2% of the international market share is a new level of foreign trade exports of China, and it is expected to reach 14.5% in 2020. The best year in history was 2015, when the figure was 13.8%. The proportion has risen against the trend, which is a manifestation of the resilience and potential of China’s foreign trade. From a single month’s point of view, China’s exports in December were $ 281.9 billion, which is also a height that has never been seen in history.
These positive achievements and changes have also opened up a good situation for the development of foreign trade in 2021. Liang Ming noted that according to the current survey, the export orders of most large-scale enterprises have continued in June and July. At the same time, many businesses have grown against the trend, the vitality of foreign trade entities has increased, and trading partners have diversified, all of which have provided enough confidence to stabilize foreign trade this year. China’s foreign trade growth is expected to be stable in 2021 and scale to increase.
Pang Chaoran, Research Associate at the Research Institute of the Ministry of Commerce, also noted in an interview with reporters that PMI’s New Export Orders Index will continue above the prosperity line and decline in December 2020. China’s international ports and terminals show that actual shipments are still growing at a rapid pace. The follow-up stimulus policy will also effectively stimulate external demand, and the positive development of foreign trade will continue in the coming months.
Exceptional performance in new formats
More incremental space will start
“Looking to 2020, China’s foreign trade will not only increase on a scale, but also continue to optimize the overall structure.” Liang Ming said that the rapid growth of new foreign trade formats and models has become a bright spot and an important growth point in the future.
Statistics show that in 2020, cross-border e-commerce imports and exports increased by 31.1% to 1.69 trillion yuan, and the market purchases and exports increased by 25.2%. Li Kuiwen said that the vigorous development of new forms of foreign trade has become an important force in stabilizing foreign trade.
The head of the Foreign Trade Department of the Ministry of Commerce also pointed out when interpreting the foreign trade data of that day, cross-border electronic commerce has become the first option for companies to carry out international trade and the forefront of innovation and development of foreign trade. More than 10,000 traditional foreign trade companies have been in line to improve quality and efficiency. More than 1,800 overseas warehouses have become important hubs for overseas marketing and a new infrastructure for foreign trade. According to preliminary statistics from 31 pilot markets, the annual export of the market procurement trade is approximately US $ 100 billion, a record.
In fact, the development of new commercial formats and new models has always been the focus of political support. Since this year, China has put in place multiple measures to promote the development of cross-border e-commerce, from expanding the comprehensive test zone of cross-border e-commerce to the introduction of new customs supervision regulations, from foreign trade Implementation rulings of innovative development, to the signing of regional agreements of integral economic association, etc.
Still more benefits are being rolled out. A few days ago, the Ministry of Commerce issued the first batch of excellent overseas warehousing case studies, good experiences and good practices, and encouraged the promotion to promote overseas warehouse construction.
Liang Ming said that the rapid growth of cross-border e-commerce and market acquisitions is not only inseparable from policy support, but also a manifestation of the advantages of new business models and new models under the epidemic.
Pang Chaoran also believes that the new foreign trade format has been an important driving force for China’s foreign trade development in recent years. In the context of the digital transformation of the economy driven by the epidemic, it has achieved development beyond expectations. In the future, the new foreign trade format will gradually become an important guarantee to help small and medium-sized enterprises reduce the institutional costs of the foreign trade industry, provide comprehensive support services, and expand the foreign market space, with strong development potential.
Improve competitiveness
Accelerate towards high-quality development
“In 2021, China’s foreign trade challenges and opportunities coexist, filled with many uncertainties.” The person in charge of the Department of Foreign Trade of the Ministry of Commerce said that the Ministry of Commerce will do everything possible to stabilize foreign trade, promote the innovative development of foreign trade, and better take advantage of the domestic and international dual cycle of foreign trade. , Soften the key axis and the main channel function of the global business cycle, and strive to take the first step and see the new atmosphere at the beginning of the “14th Five-Year Plan.”
Commerce Minister Wang Wentao recently made it clear that in terms of stabilizing foreign trade in 2021, the Commerce Ministry will focus on the implementation of three plans: namely, the excellent import and export plan, the establishment of a zone national innovation demonstration of commercial promotion of imports and the cultivation of new formats and new models of foreign trade; the commercial industry integration plan, Identify a series of foreign trade transformation and improvement bases, and promote the development of pilot service trade innovation; the unblocked trade plan and the “Belt and Road” related countries to establish a working group for unblocked trade, expand the scale of overseas warehouses, and strengthen the construction of the international marketing system.
In Pang Chaoran’s view, the implementation of the aforementioned series of measures will effectively promote the high-quality development of foreign trade, enhance China’s international competitiveness in foreign trade, and effectively promote the transformation of the price advantage product competitiveness he quality advantage, and the state of the industrial chain from the middle of the smile curve to both ends extend, the development goal is transformed from a large trading country to a strong one, and realizes the innovative development of foreign trade .
More powerful policy design adds confidence to stabilize foreign trade in 2021. Liang Ming believes that as the “six stability” and “six guarantees” continue to strengthen and support the implementation of the policy more vigorously, we have confidence and security to achieve further progress in total volume and structure.
As for the specific measures, Liang Ming suggested that the first is to make efforts for innovation and development in general, and apply the previously issued implementation opinions and some implementation rules for foreign trade innovation and development, which will be the focus of the development of foreign trade this year and even during the period of the “XIV Five-Year Plan”; second, implementation Give priority to imports and exports to achieve balanced development of import and export trade; third, further promote the integration of trade and industry; Fourth, promote the trade plan without obstacles, reduce the costs of bilateral trade and improve efficiency; fifth, promote the integrated development of domestic and foreign trade and open more market space.
