The year on year increase of 1 2, what signal does the growth rate of imports and exports turn posit

Mondo Finance Updated on 2024-01-31

This article**[People**Client];

Cargo ships gather at the port, and trucks shuttle back and forth at the terminal. "From January to November, we have completed a total of 122.8 billion tons, a year-on-year increase of 56%;Completed the container throughput of 3279790,000 TEUs, a year-on-year increase of 49%。The person in charge of the relevant departments of Ningbo Zhoushan Port in Zhejiang Province said.

Machines roared, and the factory floor was busy. "Towards the end of the year, we have received foreign trade orders from the Middle East, Europe and South America, and the production schedule has been scheduled for March and April next year. The person in charge of the business department of an electrical company in Jiangsu said.

Foreign trade is an important window to observe a country's economy. In 2023, under the condition of weak world economic recovery and continued sluggish global growth, China's foreign trade development will withstand pressure and promote stability and quality. Data shows that in November 2023, China's total import and export volume will reach 37 trillion yuan, a year-on-year increase of 12%, the growth rate was 03 percentage points. Among them, export 21 trillion yuan, a year-on-year increase of 17%, ending a six-month losing streak;Import 16 trillion yuan, a year-on-year increase of 06%。The volume of imports has maintained positive growth for 10 consecutive months.

The good foreign trade confirms the general trend of economic rebound. Recently, many international institutions, including the International Monetary Organization and the Organization for Economic Cooperation and Development, have intensively raised China's economic growth forecasts, casting a "vote of confidence" for China's economy.

Look at the exit first. In November, China's exports ended a six-month decline in exports, and the resilience of foreign trade continued to appear. On the whole, the characteristics of China's stable export scale and share have not changed, and its important position in the global industrial chain has not changed. China remains an important force driving world economic growth and promoting globalization.

In 2023, in the context of green and digital transformation, China's exports of new energy vehicles, power generation components, energy storage products, and smart equipment will perform well, and the trend of industrial transformation and upgrading will be good. Under the promotion of structural transformation, the foreign trade industry has gradually moved towards the middle and upper reaches, and the status of the value chain has been steadily improved. In the first three quarters, the total exports of new energy vehicles, lithium batteries and photovoltaic products increased by 41% year-on-year7%, accounting for 1% of China's exports year-on-year3 percentage points.

At present, China's foreign trade enterprises with import and export performance have increased to 5970,000, of which the import and export value of enterprises that have been active since 2020 accounts for nearly 8% of the total. In the first seven months, the international market share of China's exports was basically the same as that of the same period last year. From "Made in China" to "Made in China", from "Old Three" to "New Three", the upgrading trend of China's foreign trade export products is becoming more and more obvious, which is not only the embodiment of the continuous optimization of the foreign trade structure, but also a true portrayal of the new kinetic energy to boost the high-quality development of the economy.

Look at imports again. In 2023.

In the first, second and third quarters, China imported 423 trillion, 439 trillion, 458 trillion yuan, the scale of imports has expanded quarter by quarter, which fully proves that China's economy has stabilized and improved, and domestic demand continues to recover. China remains the world's largest growth engine and will provide a strong driving force for the world economy.

In 2023, with the continuous deepening of China's import expansion strategy, the construction of a new development pattern with the domestic cycle as the main body and the domestic and international cycles reinforcing each other will be accelerated. Driven by the strategy of expanding imports, the number of imports of resource and energy products and key components to meet the needs of domestic production has steadily expanded, and the imports of some individual and upgraded consumer goods have grown rapidly. China's economy is resilient, has full potential, has wide room for maneuver, and its long-term positive fundamentals have not changed and will not change, which will provide broader market opportunities for enterprises from all over the world.

In 2023, the key to improving the quality and showing strong resilience of China's foreign trade while maintaining stability lies in the precise implementation of policies and the initiative of enterprises. Over the past year, he has led all localities and departments to overcome difficulties, and a series of policies to stabilize foreign trade and foreign investment have been concentrated. Relevant departments have introduced measures such as the development of cross-border e-commerce overseas warehouses, processing, new energy vehicles, and the expansion of imports, so as to enhance the linkage effect of domestic and international dual circulation, and make every effort to promote the stable scale and optimal structure of foreign trade, so as to inject stronger momentum into the construction of an open world economy.

* The Economic Work Conference proposed that "it is necessary to accelerate the cultivation of new momentum for foreign trade, consolidate the basic market of foreign trade and foreign investment, and expand the export of intermediate goods, services, digital products, and cross-border e-commerce." ”

Experts said that because China's manufacturing in consumer goods, industrial products, intermediate goods and other links have a complete industrial chain, the market advantage is obvious, the global goods stabilized, the demand for consumer goods picked up, inventory after the replenishment of inventory and other comprehensive situation, China's related products export prospects continue to be optimistic. As the economy continues to stabilize and improve, China's world's largest domestic demand market, with a population of 1.4 billion and a middle-income group of 400 million, also provides a broad space for expanding imports, which will benefit the world more and more widely.

Towards the end of the year, the overseas traditional shopping season is setting off a boom among foreign trade enterprises. Gathered in the Yangtze River Delta, the Pearl River Delta foreign trade factories, the assembly line day and night, the workers work hard, all reflect the steady momentum of China's foreign trade.

Facing the future, China's foreign trade will certainly be able to contribute to the high-quality development of China's economy and better benefit the world.

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