Wednesday, November 11, 2015

Traditional foreign trade province life difficult all imports and exports in

Traditional foreign trade province life difficult all imports and exports in the first three quarter negative growth

Photo: Oriental IC

The latest economic data showed that China's foreign trade situation is not optimistic.

Data from the General Administration of customs show 2015 the first three quarters, China's import and export volume of 17.87 trillion yuan, down 7.9% over the previous year. Sort out import and export can be found all over the first three quarters, except in Ningxia, Tibet data no external, there are 22 regional decline in import and export volume rose, 11 fell over the national average, traditional province of all negative.

Export as a troika of fueling economic growth in recent years seems to have encountered a lot of difficulties, not only difficult to pull the economy, are counterproductive. The first three quarters, the contribution of net exports to GDP growth rate is-1.8%. Contribution rate of consumption and fixed capital formation by 58.4% and 43.4%, respectively.

China economic net reporter cleared produced throughout the first three quarters of the export and import of tables, table it can be seen that the complexity and gravity of the situation of foreign trade, except between Ningxia and Tibet did not release data, have been published in 29 provinces, there are 22 provincial foreign trade import and export values are negative.

Heilongjiang is the worst, down 42% to the country last, Jilin fell 25.2% the second Xinjiang fell 23.7% the third. Three provinces in Northeast China in the context of overall economic malaise, adverse impact on import and export trade is also very obvious.

Most noteworthy is that traditional trade province in China-Guangdong, Zhejiang, Jiangsu, Shandong's foreign trade declining significantly, all negative, and gradually expand the trend. Along the way and Eurasian Economic Union butt

Data show that Guangdong import and export decline throughout 2014 2.5%, the first three quarters of this year fell by 4.3%; 4.7% from Zhejiang import and export growth for the whole of last year, the first three quarters of this year fell by 2.6%; 1.3% in 2014, growth for the whole year, Jiangsu, the first three quarters of this year fell by 3.7%; 4% growth last year, Shandong, 16.2% decline in the first three quarters of this year.

On the foreign trade situation this year, the Ministry of Commerce has been vocal, most recently published recently by the Ministry of Commerce of China's foreign trade situation report (fall 2015) showed that integrated all factors, scale of Chinese exports in 2015 is expected to be essentially flat with a year ago.

However, exports to positive expectations are not high for the last two months.

International market research Department of the Ministry of Commerce Institute Deputy Director Bai said in an interview with the China Times, if you are looking only at the data, exports and flat or positive growth for the year is very difficult. "The full year, comparable with last year on the line, this rebound still exist.

Foreign trade situation of poor, high-rise is stepping up the formulation of relevant policies.

On October 20, the Ministry of Commerce held a regular press conference, Commerce Ministry spokesman Shen Danyang, made it clear that, this year, the Ministry of Commerce in support of cross-border electronic commerce, focuses on promoting the implementation of cross-border e-commerce integrated area, Hangzhou innovation initiatives, expanding the scope of comprehensive experimental area pilot. Second batch of cross-border e-commerce integrated area have become closer.

Held on November 9 the Central comprehensive reform adopted at the 18th meeting of the leading group for the promotion of innovation and development of processing trade in several opinions. Emphasized the need for innovation and opening up as the driving force in support of Interior border area industrial gradient shift, ordered to carry out international cooperation capacity, deepen the reform of institutional mechanisms for the processing trade, promote trade to trade power shift.

Of the 2015 autumn foreign trade report released by the Ministry of Commerce said as long as the powerful, Enterprise Active adjustment of foreign trade policy restructuring, 2016, China's foreign trade is expected to continue to be higher than the global trade growth, in the international market share will rise steadily.

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