Looking at China's Foreign Trade Resilience through the "Transcr
On the 7th, the General Administration of Customs released the "transcript" of China's foreign trade for the first 10 months: the total import and export value was 34.62 trillion yuan, a year-on-year increase of 9.5%. From a cumulative perspective, denominated in RMB, the import growth rate remains the same as the first three quarters, while exports have slightly declined. Industry insiders believe that in the severe and complex external environment, although China's foreign trade faces certain pressure, its resilience remains unchanged.
Stabilizing foreign trade is of great significance for stabilizing the overall economic situation. Li Kuiwen, Director of the Statistics and Analysis Department of the General Administration of Customs, stated that the year-on-year growth rate of nearly 10% in the first 10 months indicates that China's foreign trade has withstood multiple unexpected factors, and the scale, quality, and efficiency have improved simultaneously.
Zhang Yu, Deputy Director of the International Economic and Trade Research Office of the Institute of Financial Strategy of the Chinese Academy of Social Sciences, believes that in the face of adverse effects such as international geopolitical conflicts and the COVID-19, China's foreign trade has maintained a high level of operation last year, and it is not easy to maintain steady growth in imports and exports in the first 10 months of this year. This is inseparable from the effective implementation of a package of policies and follow-up measures to stabilize the economy, and is also closely related to the continuous optimization of China's foreign trade structure and regional layout.
——The constantly expanding international "circle of friends" is an important reason. In the first 10 months, China maintained good economic and trade exchanges with major trading partners such as ASEAN, the European Union, and the United States. Among them, the total trade value with ASEAN was 5.26 trillion yuan, an increase of 15.8%, accounting for 15.2% of China's total foreign trade value. ASEAN's position as China's largest trading partner has been further consolidated.
It is particularly noteworthy that over the same period, China's trade with countries along the "the Belt and Road" increased significantly: imports and exports totaled 11.23 trillion yuan, an increase of 20.9%, and the year-on-year growth rate was 11.4 percentage points higher than the overall growth rate of national foreign trade, driving the overall import and export growth of 6.1 percentage points.
——The main driving force is the increasing vitality of foreign trade operators. In the first 10 months, the import and export of private enterprises increased by 14.4% year-on-year, accounting for 50.4% of China's total foreign trade value, an increase of 2.2 percentage points compared to the same period last year. Among them, there were 484800 private enterprises with import and export performance, an increase of 7.4% year-on-year.
Looking at China's Foreign Trade Resilience through the "Transcr
On the 7th, the General Administration of Customs released the "transcript" of China's foreign trade for the first 10 months: the total import and export value was 34.62 trillion yuan, a year-on-year increase of 9.5%. From a cumulative perspective, denominated in RMB, the import growth rate remains the same as the first three quarters, while exports have slightly declined. Industry insiders believe that in the severe and complex external environment, although China's foreign trade faces certain pressure, its resilience remains unchanged.
Stabilizing foreign trade is of great significance for stabilizing the overall economic situation. Li Kuiwen, Director of the Statistics and Analysis Department of the General Administration of Customs, stated that the year-on-year growth rate of nearly 10% in the first 10 months indicates that China's foreign trade has withstood multiple unexpected factors, and the scale, quality, and efficiency have improved simultaneously.
Zhang Yu, Deputy Director of the International Economic and Trade Research Office of the Institute of Financial Strategy of the Chinese Academy of Social Sciences, believes that in the face of adverse effects such as international geopolitical conflicts and the COVID-19, China's foreign trade has maintained a high level of operation last year, and it is not easy to maintain steady growth in imports and exports in the first 10 months of this year. This is inseparable from the effective implementation of a package of policies and follow-up measures to stabilize the economy, and is also closely related to the continuous optimization of China's foreign trade structure and regional layout.
——The constantly expanding international "circle of friends" is an important reason. In the first 10 months, China maintained good economic and trade exchanges with major trading partners such as ASEAN, the European Union, and the United States. Among them, the total trade value with ASEAN was 5.26 trillion yuan, an increase of 15.8%, accounting for 15.2% of China's total foreign trade value. ASEAN's position as China's largest trading partner has been further consolidated.
It is particularly noteworthy that over the same period, China's trade with countries along the "the Belt and Road" increased significantly: imports and exports totaled 11.23 trillion yuan, an increase of 20.9%, and the year-on-year growth rate was 11.4 percentage points higher than the overall growth rate of national foreign trade, driving the overall import and export growth of 6.1 percentage points.
——The main driving force is the increasing vitality of foreign trade operators. In the first 10 months, the import and export of private enterprises increased by 14.4% year-on-year, accounting for 50.4% of China's total foreign trade value, an increase of 2.2 percentage points compared to the same period last year. Among them, there were 484800 private enterprises with import and export performance, an increase of 7.4% year-on-year.