1. After falling for 6 consecutive months, China's exports finally turned positive in November, and the export volume increased by 1 year-on-year7%
In the context of the first few months, China's exports bucked the trend in November, and the export volume increased by 1 year-on-year7%。This data is either pressedRMBThe calculation is still in dollar terms, showing an increasing trend. As soon as this good news was released, it received widespread attention and likes. However, it cannot be ignored that a Japanese ** accused China of increasing exports through commodity price reductions, is this true?
There are two main reasons for the increase in exports in November. First of all, China's foreign trade structure continues to upgrade and optimize. In the past, China's main consumer goods exported were clothing, home appliances, furniture and other "old three", and now, the "new three", that is, electric manned vehicles, lithium batteries and solar cells have become new highlights of exports. According to the data, the export value of automobiles in November increased by 27% year-on-year9%, and the export value of mobile phones increased by 54 percent year-on-year6%，Integrated circuitsExports increased by 12% year-on-year. In particular, in the field of shipping, the growth rate of exports was as high as 1157%。The export growth of these new products has made an important contribution to the overall export growth. Secondly, the export base was relatively low in the same period last year, when exports fell by 87%, a large decline. As a result, the increase in November this year showed a larger magnitude compared to the same period last year.
Not only China's foreign trade has encountered difficulties, but also the world's largest countries are also facing downward pressure. According to the Global Update report released by the United Nations and Development Conference, the global volume is expected to shrink by about 1 in 2023$5 trillion, down 5% from last year. This decline is mainly due to factors such as declining demand in developed countries, fluctuations in commodities and increased restrictions. In particular, in the case of insufficient external demand, the manufacturing purchasing managers' index in the United States and the euro area has remained below 50% for more than 10 consecutive months, and the euro area is the worst, below 45% for six consecutive months. At the same time,European UnionofEconomyThe growth rate was very slow, with a growth rate of only 04%, much lower than the other major onesEconomyBody. Therefore, in dollar terms, our country is rightEuropean Unionof exports remained negative, reaching -145%。On the contrary, exports to the United States achieved positive growth, with a year-on-year increase of 73%, which is the first positive increase since July 2022.
In the case of the foreign trade situation is not optimistic, China's exporters have taken a series of countermeasures, one of which is to reduce the number of commodities. Nikkei Chinese pointed out that in 17 categories, 71% of goods have seen price reductions, which has caused some controversy. But in fact, price reduction is a normal operation for enterprises to deal with the foreign trade crisis. Due to weakening external demand,Market competitionIn order to reduce inventory and increase market share, companies must reduce their market share. toPinduoThe example of entering the European and American markets at low prices fully proves the correctness of the price reduction strategy. According to the data, the growth rate of the volume of most commodities exported in November was higher than the growth rate of exports, which indicates that the unit price of commodities has indeed declined. It can be said that price reduction is a necessary means for the survival and development of enterprises under the current foreign trade situation.
Fifth, China's foreign trade situation tends to improve, and the development of new markets has played a role in promoting export growth.
Judging from the data in November, China's foreign trade situation has gradually improved from the crisis to the situation and the situation has stabilized. In addition to the endogenous power brought about by the upgrading and optimization of the foreign trade structure, the development of new markets also provides new opportunities for China's export growth. In addition to stabilizing ASEAN,European Unionand the United States outside the three major markets, Russia, Africa,Latin Americaand the five Central Asian countries have achieved good growth in exports. This shows that China is actively looking for new growth points, further expanding foreign cooperation, and playing an increasingly important role in the international market. According to Reuters, according to interviews with a number of well-knownEconomyAccording to the results of scientists**, China's exports will continue to grow in 2024. Looking forward to the future, China's active exploration and efforts in the field of foreign trade will surely bring new changes to the foreign trade situation.
To sum up, although China's exports turned positive in November, we should treat the price reduction of goods criticized by the Japanese media. On the one hand, price reduction is the normal operation of enterprises to deal with the foreign trade crisis, and to deal with the fierce by reducing the commodity **Market competitionIt is also a necessary means for the survival and development of enterprises. On the other hand, China is constantly opening up new markets in the field of foreign trade, and has injected new impetus into the growth of exports by optimizing the structure of foreign trade and actively expanding foreign cooperation. With the increasing status of China in the world, it is believed that China's foreign trade situation will be further improved. We actively respond to changes in the foreign trade situation and continue to advanceStructureOptimize, strive to open up new markets, and promote the sustained and stable growth of foreign trade.