In November 2023, China's commodity exports will be 20,956 in RMB200 million yuan, a year-on-year increase of **17%；The value of exports of goods in US dollars was 2919300 million, a year-on-year increase of 05%, the first positive growth in 7 months, which is a good thing!
Entering the fourth quarter, the positive factors of China's foreign trade development continue to increase, and the forward trend of stability and improvement continues to consolidate - the total import and export volume has achieved year-on-year growth for two consecutive months, and the export amount according to the US dollar ** has also achieved a reversal of "from negative to positive".
Zhou Maohua, a macro researcher at the financial market department of Everbright Bank, said: In November this year, the year-on-year growth rate of China's foreign trade exports picked up, becauseChina's foreign trade structure continues to upgrade, and high-tech commodities such as new energy maintain a high degree of export prosperity, injecting impetus into exports.
Chen Xing, chief macro analyst of Caitong ** Research Institute, believes:The U.S. economy is changing from the previous "destocking" to "replenishing inventory", superimposed private resilience is still strong, and the recent manufacturing investment is relatively hot, which has formed a certain support for China's exports.
Wang Qing, chief macro analyst of Oriental Jincheng, believes that in US dollar terms, the year-on-year growth rate of exports in November this year increased from -6 last month4%, which turned into an increase of 05%, mainly due to:In the same period last year, many places were still suffering from the disruption of the epidemic, and the export base at that time was low.
This low base effect has pushed up the growth of exports in November this year. From a month-on-month perspective, the trend of merchandise exports in November was relatively stable compared with the previous two months, and there was no huge leap.
Zheng Houcheng, chief macroeconomist of Yingda ** company, believes that the total import and export value in November this year has increased year-on-year for two consecutive monthsIt is the result of the "resonance" of factors such as the marginal recovery of the global economy and the low base effect in the same period last year.
But Japan** gives a different interpretation
Nikkei Chinese said that among the 17 categories that can calculate the unit price through the ** statistical quick report, the unit price has decreased compared with the same period last year, accounting for 71%. Chinese exporters are boosting exports by lowering the prices of most goods, including steel, automobiles and electronic components.
In the case of hot-rolled coils, the trades** (cost and freight) exported to East Asia in November were 14% lower than the March highAlthough the total value of exported automobiles increased by 28% year-on-year, the unit price of automobiles decreased by ...... 10%.
In November, the average price of household appliances exported by China decreased by about 10%, and the export unit price of bags and shoes dropped by about 20%. Japanese media believe that China's economic development momentum is declining, especially domestic demand is sluggish, and residents' consumption capacity and confidence are insufficient.
Against the backdrop of lower-than-expected domestic demand, Chinese companies have taken the initiative to reduce commodity inventories by "trying to expand external market demand, strengthening the trend of selling excess inventory at low prices, and improving the competitiveness of Chinese goods in overseas markets."
The Japanese media believe that this way of expanding exports through price reduction has both advantages and disadvantages. The benefit is to boost the value of China's commodity exports**, expand market share, and at the same time, alleviate inflationary pressures in major countries.
But the downside is "".The low-price offensive may also evolve into a new friction, which may trigger other countries to adopt anti-dumping sanctions”。Among them, the European Union has begun to investigate whether China-made pure electric vehicles are illegally hindering competition through low-cost sales strategies with the help of subsidies.
Japanese media also said that in the context of the slow recovery of domestic demand to meet market expectations, Chinese companies are still using the depreciation of the yuan as a help to improve their competitiveness in overseas markets by reducing the selling prices of goods denominated in US dollars. What do netizens think about this?This article was compiled and written by Nansheng, please do not plagiarize without authorization!