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Original title: Shenzhen’s import and export growth rate in the first 8 months ranked first among the top five foreign trade cities, and 30 other foreign investment and foreign trade stabilizations
Shenzhen’s foreign trade report card shows a clear trend to improve month by month.
In the first half of this year, Shenzhen’s total value of imports and exports was 1.34 trillion yuan, a decrease of 0.5% year-on-year compared to the same period last year. In reference to the situation of the country in the same period, the total value of imports and exports of goods from China in the first half of the year fell by 3.2% year-on-year.
As of July, Shenzhen’s total value of imports and exports has taken the lead among the country’s top five foreign trade cities to stop falling and recover, increasing 1.6% year-on-year from January to July. According to the list of “China’s Top 100 Foreign Trade Cities in 2019” released by China Customs on July 28, Shenzhen, Shanghai, Guangzhou, Dongguan and Xiamen became China’s top five foreign trade cities in 2019.
On September 15, Shenzhen Customs held a press conference to report on the general situation of Shenzhen’s foreign trade from January to August. Statistics show that Shenzhen’s total import and export value in the first eight months reached RMB 1.88 trillion, a year-on-year increase of 2%, ranking first among the country’s top five foreign trade cities and representing 9.4% of the country’s foreign trade imports and exports. Among them, exports are 1.04 trillion yuan, and the scale continues to rank first among the country’s large and medium-sized cities.
Tu Lin, Shenzhen Deputy Commissioner of Customs, said Shenzhen is a typical export-oriented city, affected by the global epidemic, its foreign trade has endured a severe test this year. At present, there are still many uncertain and unstable factors facing the development of foreign trade, and the future situation of imports and exports remains complicated and serious. However, Shenzhen has a good foreign trade base, a solid foundation and sufficient resilience, strong comprehensive business competitiveness, and strong government support.
Since February this year, Shenzhen Customs has formulated 62 measures to help companies fight the epidemic and resume work and production progressively. In accordance with the current development, Shenzhen Customs has resolved, integrated, updated and improved the above measures, and formed the latest “30 Shenzhen Customs Measures to Stabilize Foreign Trade and Foreign Investment”.
Multiple Factors Support Shenzhen’s Foreign Trade Growth
Shenzhen has the title of “City of Private Entrepreneurs”. It is precisely because of flexible mechanisms and sensitive market responses that private companies have increased their market development efforts and have become the main driving force behind Shenzhen’s foreign trade growth this year.
According to Ke Huojuan, director of the Department of Statistics and Analysis of Shenzhen Customs, in the first eight months of this year, Shenzhen private companies’ imports and exports were 1.13 trillion yuan, an increase of 6, 1% year-on-year, which represents 60.2% of the total value of the city’s foreign trade during the same period. In terms of monthly trends, from March to August, private companies achieved positive monthly growth in a single month for six consecutive months. Imports and exports in August were 158.57 billion yuan, an increase of 5.6%.
In terms of trading partners, in the first eight months, Shenzhen’s total imports and exports with the top ten trading partners increased by 3.4%, of which the increase in the United States and China’s Taiwan reached double digits, the The increase in ASEAN and Mexico was close to 10% and the increase in Japan Both the United Kingdom and the United Kingdom have increased by more than 5 percentage points, the EU has increased by 4.1% and South Korea has increased by 3, 4%.
Ke Huojuan presented two main reasons for the growth of imports and exports between Shenzhen and ASEAN: First, the electronics manufacturing industry is closely linked, which has led to a substantial increase in the import and export of related products. In the first eight months, Shenzhen imported 94.45 billion yuan of ASEAN integrated circuits, an increase of 19.2%, accounting for 32.9% of the total value of imports and exports to ASEAN; Second, in October last year the China-ASEAN Free Trade Zone Update Protocol came into force, the implementation of the free trade zone dividend was released, and agricultural trade between Shenzhen and ASEAN grew rapidly.
Under the influence of the epidemic, medical supplies have become one of the key factors in promoting Shenzhen exports. According to customs data, among Shenzhen exports from January to August, the export of textiles, including masks, increased almost 5 times and the export of medical instruments and equipment increased by 51.3%.
On the one hand, this largely reflects the diversification of Shenzhen’s industrial structure, which has brought greater resilience to the city’s economy and greater room for maneuver; on the other hand, this achievement also benefits from the “flexibility of Shenzhen companies”. pressure. “Take, for example, BYD, a well-known new energy vehicle manufacturer in Shenzhen. After the outbreak, BYD achieved” drawings in 3 days, equipment in 7 days, and products in 10 days “, becoming the largest manufacturer of masks. the world in just 24 days.
Additionally, the rapid recovery of Shenzhen’s manufacturing capacity has led to a substantial increase in import demand for electronic components and manufacturing equipment required for manufacturing. From January to August, Shenzhen imported 431.59 billion yuan of electronic components, an increase of 12.9%; imported storage components were 28.52 billion yuan, an increase of 29.3%; and imported semiconductor manufacturing equipment was 7.24 billion yuan, an increase of 35.9%.
Cao Zhongxiong, Executive Director of the Comprehensive Development Research Institute of the New China Economic Research Institute (Shenzhen), believes that the demand for intermediates and parts from Shenzhen has led to continued growth in imports, showing that the strength Shenzhen’s internal driving force for industrial development is very strong.
Launched 30 stabilization of foreign capital and foreign trade
At the aforementioned press conference, Shenzhen Customs briefly presented the latest “30 measures to stabilize foreign capital and foreign trade.”
Affected by factors such as the global epidemic, many exporting companies face problems such as reduced orders, and some companies seek to “export to domestic sales.” In response to the central government’s implementation requirements to “form a new development pattern with domestic and international double cycles as the pillar and mutual promotion of domestic and international double cycles”, Shenzhen Customs is also actively helping the transformation and improvement from processing trade, promoting foreign trade exports to domestic sales and smoothing international and domestic “dual cycles”.
Specific measures include: reducing the operating cost of the company, when the company develops the processing trade and when the processing trade manual is established, the customs will in principle exempt the guarantees unless the laws and regulations provide otherwise; promote the centralized taxation model for domestic sales and the time limit for centralized taxation The month is extended to all quarters, greatly reducing the frequency of handling internal sales. Before the end of the year, all commercial processing goods sold by companies will be exempt from tax-deferred interest.
Yang Haibo, a postdoctoral fellow dedicated to business environment research at Shenzhen University, introduced reporters from the 21st Century Business Herald that during his research, he learned that some companies are having difficulty exporting to domestic sales. For example, market capacity is fixed in the short term and national sales channels have yet to be established. The product does not adapt well to the demand of the national market. The key to government policies is to reduce transaction costs and form stable expectations for this type of company.
In addition to the direct impact of orders, the supply chain of the international industrial chain is affected, which is another major problem that foreign trade companies face during the epidemic.
A person from an invasive ventilator manufacturer in Shenzhen once told reporters that due to factors such as international logistics and underemployment of foreign workers, the company’s material delivery cycle from Europe and the United States has been extended from 1 to 2 months to 3 or 4 months. Months, resulting in production capacity being affected.
In response to supply chain problems, Shenzhen Customs has introduced measures to support the expansion and strengthening of the China-Europe freight train business, and to ensure the stability and smooth flow of the supply chain of international logistics through multiple channels, including expanding the benefits of the reform of the “Port of Huiyan” and the coordination of sea, land, air, rail and postal transport. Channels, support logistics lines in the customs area to be more convenient and faster.
Shenzhen Deputy Customs Commissioner Tu Lin stated at the press conference that helping companies develop not only to “put the icing on the cake” but also to “send coal to the snow.” Customs is committed to empowering foreign trade companies by reducing cargo and adding value. “It should be reduced as much as possible”, to achieve “exhaustible” for the individualized political needs of companies.
(Author: Wang Fan Editor: Li Bo)
