According to the statistics of the Customs, in January 2017, China’s total import and export value reached RMB2.18 trillion, with an increase of 19.6% year on year (the same below). Among this, the export reached RMB 1.27 trillion, with an increase of 15.9%, and the import reached RMB811.2 billion, with an increase of 25.2%. The Head of the MOFCOM Department of Foreign Trade pointed out that in January, China’s foreign trade mainly presented the following features:
Firstly, from commodity structure, in January, the export of mechanical and electrical products reached RMB709.57 billion, with an increase of 16.6%, accounting for 56.1%, improving 0.4 percentage points. Among these, ship, automobile and lighting fixture increased 76.5%, 67.9% and 29.9% respectively.
Secondly, from international market, in January, China’s export to traditional markets such as the United States, Europe and Japan increased 17.2%, 13.6% and 18% respectively, and the export to the countries along the line of the “Belt and Road” increased obviously, among these, the export to countries such as Russia, Malaysia and India increased 39.1%, 22.8% and 18.1% respectively.
Thirdly, from trade mode, the import and export of general trade reached RMB1.25 trillion, with an increase of 19.9%, accounting for 57.3% of the total foreign trade of China, 0.1 percentage points higher than that of the same period last year.
Fourthly, from operating body, in January, the export of private enterprises reached RMB613.4 billion, with an increase of 19%, accounting for 48.4% of the total export value, improving 0.5 percentage points and maintaining the status of the biggest operation body of export.
The import and export in this January continued the momentum of recovery and the turnaround of foreign trade since last year maintained a rapid development. The achievements were hard won. In recent years, the State Council introduced a series of policy documents to promote the development of foreign trade. All departments and local regions were focused on policy implementation, improved business operation, effectively boosted the confidence of enterprises and motivated the dynamics of the main market. The policy effect further appeared. Motivated by supply side, a batch of enterprises insisted on innovation drive and strove to cultivate new advantages of foreign trade competition whose focus is on technology, standard, brand, quality and service. The competitiveness of products and enterprises were further strengthened. Besides, the import and export growth in January had something to do with the increasing price, the growth of both the quality and price of imported bulk commodities, and the low cardinal number in the same period last year.
The head pointed out that from the historical data, affected by factors such as the Spring Festival, the import and export data in January cannot represent the trend of the whole year. From the whole year, China’s foreign trade development in this year faces a complex and severe situation with more uncertain and unstable factors. These difficulties were not short-time. As to the international community, the world economic recovery is weak and the international demand continued to be depressed, the tendency of “reverse globalization” is obvious, and the trade protectionism is intensified. Regarding domestic situation, the domestic comprehensive factor cost increases continuously, China’s traditional competitive advantages are constantly weakened, industries and orders are increasingly shifting to foreign countries. At the same time, we need to see that China’s foreign trade development still has many favorable conditions and the fundamentals of the foreign trade development haven’t changed.
He emphasized that next, we will comprehensively carry out and implement the spirits of the Central Economic Working Conference, insist on the keynote of seeking improvement in stability according to the deployment of National Business Working Conference and National Import and Export Television and Telephone Conference, profoundly promote the structural reform of supply side, accelerate innovation drive, strive to stabilize growth, unswervingly adjust structure, put structure adjustment into a more prominent position, consolidate and improve the traditional advantages, accelerate cultivating new advantages of foreign trade competition. We will continue to regard this year as the policy implementation year, define the key policy list with relevant departments, focus on the implementation of a series of policies of promoting the foreign trade to stabilize growth and adjust structure by the State Council, cultivate favorable business environment, practically reduce burden and increase help for enterprises, promote to implement differential policies and gradient transfer of processing trade, profoundly promote new business pilots such as cross-border e-commerce, market procurement and foreign trade comprehensive service enterprises, continue to enhance the supporting strength of export credit protection and financing, strive to improve the level of trade facilitation, further strengthen the cooperation of trade with countries along the line of the “Belt and Road”, implement positive and effect import policies, continue to enhance the promoting work of good experience and practice, make efforts to promote foreign trade to continue to maintain recovery and turnaround, and make greater contribution to the development of national economy and society.
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