Exports Back To Double-Digit Growth! Foreign Trade By What Open The Door?

The latest data from the General Administration of Customs show that in the first two months, China's trade in goods import and export growth of 8.7% year-on-year, exceeding market expectations. Among them, the export performance is remarkable, in the external environment of complexity, severity, uncertainty has risen in the background, by virtue of excellent innovation and excellent product quality, back to double-digit growth channel.

The "open door" of foreign trade has injected new impetus for the good start of China's economy. Foreign trade is an important hub linking the domestic and international double cycle, and promoting foreign trade to stabilise the scale and optimise the structure is important for promoting the steady growth of China's economy. During this year's National People's Congress, many representatives and members focused on the "new three kinds" of exports, foreign trade and new business cultivation and other topics to make suggestions, the market has also given a positive response. Comprehensive analysis of all parties to see, the whole year to achieve the "Government Work Report" for the quality and quantity of foreign trade stability requirements, there is a basis for confidence.

The favourable factors for promoting the quality, quantity and stability of foreign trade are increasing. From the point of view of total volume, the proportion of general trade continues to increase, the structure of foreign trade continues to optimise, the international market share is stable and improving, the scale of import and export in each quarter is maintained at a historically high level, which has consolidated a solid foundation for the high-quality development of foreign trade; from the point of view of the main body of the business, the total number of foreign trade enterprises with a track record of import and export has remained at around 600,000, and as the main force of China's foreign trade, the vitality of the private sector is sufficient, and the status of the private sector in import and export trade has continued to improve and increase its proportion. As the main force of China's foreign trade, private enterprises are full of vigour, and their position in import and export trade has been constantly upgraded and their proportion increased, becoming the source of resilience of China's foreign trade and even China's economy.

The new kinetic energy to promote the quality and quantity of foreign trade is still accumulating. This year, the new mode of foreign trade new forms of strong momentum, cross-border e-commerce, market procurement exports have achieved double-digit growth; trade partners are more diversified, stable, and the growth rate of imports and exports to the countries building the "Belt and Road" is higher than the overall level; China's foreign trade development of the industrial base, factor endowment, and innovation capacity are increasing, the export commodities are climbing up the value chain, and the export of goods is increasing. The industrial foundation of China's foreign trade development, factor endowment, innovation ability are increasing, export commodities are climbing upstream to the value chain, electric cars, cultural and creative products, beauty and other national products such as tide brand in the overseas fire "out of the circle", the import market opportunities to gradually expand the competitiveness of the foreign trade industry continues to improve.

However, we should also see that the current external environment is still severe and complex, the development of global trade will continue to be affected by multiple factors, the trade outlook is still under pressure, especially the sluggish external demand, geopolitical factors such as the development of China's foreign trade has brought about a greater test of foreign trade to achieve the quality of the whole year to increase the volume of stable goals, still need to make strenuous efforts.

Do a good job of policy re-enforcement, play a good combination of punches. To continue to grasp the "on the promotion of foreign trade, stable scale and excellent structure of the opinions" of the implementation of the ground, combined with the new situation this year, the new situation and new requirements, the introduction of more targeted policy initiatives, the formation of a synergy to promote the development of foreign trade. On this basis, actively do a good job of policy research reserves, grasp a new round of policy research and evaluation and strive for the earliest possible introduction, and existing policies to form a combination of punches, releasing the policy stacking effect.

Expand the system of openness, consolidate the basic disc. Through the high-quality construction of the "Belt and Road", the implementation of the Pilot Free Trade Zone enhancement strategy, expanding the global network of high-standard free trade zones and other initiatives, and continue to expand China's foreign trade "circle of friends" for the high-quality development of foreign trade to build a solid market cornerstone. It is necessary to take the initiative to dock the high-standard international economic and trade rules, enhance the effective linkage between the two domestic and international markets and two kinds of resources, and cultivate new advantages in international economic cooperation and competition on the basis of consolidating the basic foundation of foreign investment and foreign trade.

It can be foreseen that, as China's economy accelerates its recovery, the foundation of foreign trade "stability" will be more solid, the changes of "good" will be more prominent, and the supporting role for the high-quality development of the economy will be more powerful.