The ** data for November came out, which exceeded expectations and finally achieved positive growth!
In RMB terms, in November, China's exports increased by 17%, imports increased by 06%；If denominated in US dollars, in November, China's exports increased by 05%, compared to minus 6 in October4%, which is a significant improvement and the first positive growth since April this year;It can be seen that whether it is in RMB or US dollars, China's exports are growing in November, which is really a miracle in the stormy world. Compared with the positive data, the improvement of the structure of import and export products is the real thing that we are happy about, which means that our entire industrial transformation has been successful. Look at the exit first. In the first 11 months, the proportion of mechanical and electrical products in our exports has been as high as 59%, and the growth is 28%, of which mobile phones and cars were a significant increase;In the same period, labor-intensive products accounted for only 17% of total exports, with a growth rate of 26%。This shows that our export products have shifted from labor-intensive to high value-added mechanical and electrical products, especially our new three kinds of automobiles, lithium batteries and solar photovoltaic panels, a large number of exports, is the biggest bright spot of our economy, not only to make up for the decline in exports to the United States and Europe, but also to improve the economic problems caused by the decline in our real estate, has made a huge contribution. In addition, although the export growth rate of labor-intensive products is a little lower than that of high value-added products, it at least maintains positive growth, which means that the industry has not experienced a sharp freeze, which also leaves space and time for enterprise transformation. Many people may still wonder, you say that foreign trade data is starting to improve, why do we see that there are still many factories closing, and companies are cutting wages?On the one hand, traditional export industries with low added value, such as plastics, toys, clothing, and shoes, which can accommodate more workers, are declining, and naturally fewer employed workers are being hired and the number of unemployed people is increasingIn the high-end industries that we have successfully transformed, although exports have increased significantly, such as the growth rate of automobile exports reaching 80%, due to the high degree of mechanization and automation, resulting in less labor, it cannot fully undertake the labor transferred from traditional industries, so there is a micro individual feeling will be a little worse. Look at imports again. In the first 11 months, our imports increased sharply mainly in iron ore, coal, refined oil, natural gas, soybeans and other resources and energy, which are urgently needed by the industry. This is a good thing, which shows that our entire economy and industry are still running healthily, and the most important thing is that we have exchanged a lot of dollars in our hands for the basic living materials that the people really need. In addition, our imports of mechanical and electrical products fell by 65%, which is the characteristic of our entire industrial chain. Of course, the decline in the import of high value-added products is greater than the decline in our overall imports, which is also worth our attention: on the one hand, it shows that our high-end industrial products such as automobiles and electromechanical have achieved domestic substitution, and there is no longer a need for a large number of imports;In addition, it also reflects that the blockade of our science and technology by Western countries, mainly the United States, is still intensifying, and the high-tech products we want, such as chips, are still unwilling to sell more to us, or even further reduce exports to us. The game between the great powers continues.