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Feel the surging momentum of China's economy from the latest foreign trade data

27.79 trillion yuan, an increase of 14.2% - January 12, the General Administration of Customs released in 2017 China's import and export trade in goods.

Winter season, went to release the macroeconomic data in the previous year. Freshly-released data on foreign trade show that China's foreign trade reversed its previous two-year decline and achieved double-digit growth. Interpretation of foreign trade data, you can feel the surging power of China's economy.

From "World Factory" to "Global Procurement Center"

On the morning of December 29, 2017, Shanghai Port Yangshan Phase IV Automation Terminal lifted the 40th TEU in 2017, setting the highest record in the history of global container traffic and becoming the first port in the world to exceed the container throughput of 40 million TEUs .

Coal, steel, wood, grain, washing machines, refrigerators, cell phones, cosmetics, jeans, powdered milk and diapers ... From bulk commodities to crushed household items, China's container carriers are packed with thousands of miles of merchandise, The manifestation of trade and economic vitality.

"In 2017, the world economy recovered moderately and the domestic economy maintained a steady course, boosting the rapid growth of China's foreign trade in 14.2%." Huang Songping, spokesman for the General Administration of Customs, said at a press briefing by the State Council on January 12 .

"World Factories" used to be the most prominent label of China's economy but the label is quietly changing: An article published by Bloomberg on December 28, 2017 pointed out that China's economic growth pattern has changed from the past "world factory" As a "global supermarket," nowadays, the Chinese, with their purchasing power, continue to prop up the global economy and become the pillar of the global economy. Bloomberg's article asserts - "This is the world's largest news of the 2018 New Year."

Transforming the "world factory" into a "global sourcing center" reflects the transformation of China's economic structure from high-speed growth to high-quality development.

In the past year alone, the supply-side structural reform has been further promoted and the dividends ceaselessly released. The new momentum has become an important impetus to the steady growth of China's economy. The domestic economy has maintained its mid-to-high growth rate and its quality of development has been continuously improved. The major economic indicators are better than expected. Improve the import demand to promote China's increase.

In the past year alone, the contribution rate of China's domestic consumption to economic growth continued to be above 60%. The main force of consumption was an obvious force. China has implemented a series of measures to expand import policies and policies, reduced import tariffs on some consumer goods, improved fiscal, taxation and financial policies to expand imports, encouraged the import of advanced technical equipment and key components and improved the level of trade facilitation.

In 2017, China's exports were 15.33 trillion yuan, up 10.8%; imports 12.46 trillion yuan, up 18.7%. Exports are growing, imports growing even more.

For several years, China has become the largest trade country of goods by turning force, adjusting structure and cultivating new competitive advantages. The report of the 19th National Congress of the Communist Party of China put forth "pushing for a new pattern of opening up in an all-round way." China will play an important leading role in the world economic development.

The "Belt and Road Initiative" released a huge win-win cooperation

"The One Belt and Road Initiative is very good and I understand it and I hope it will bring more opportunities to Myanmar." This is a rather slow remark, though slow to say, to the local employee of CNPC CNPC's oil and gas pipeline project, But Chinese is very standard in Chinese.

Recently, the reporter came to Myanmar to interview Mandalay and personally experienced the influence and popularity of the "Belt and Road Initiative" on the ground.

Since the "Belt and Road Initiative" proposed more than four years ago, from the CMB economic corridor to the Middle East and China-Myanmar Economic Corridor; from Piraeus Port to Jiao Hong Kong; from the China-Laos Railway and the Sino-Thai railway construction to the Yamal project Victory ... a number of land, sea, air and network infrastructure in various fields has been landing major projects in various fields, but also inspired the economic and trade activities of countries along the line.

The "Belt and Road Initiative" conforms to the requirements of the times and the aspirations of all countries to speed up their development. The countries along the routes jointly build the Belt and Road Initiative and share the fruits of the "five links."

According to the statistics of the Customs, in the year of 2017, China's import and export to the "Belt and Road" nationwide hit 7.37 trillion yuan, an increase of 17.8% over the same period of previous year, 3.6 percentage points higher than China's overall foreign trade growth rate, accounting for 26.5% of China's total foreign trade value, of which 43,000 Billion, an increase of 12.1%, 3.07 trillion yuan of imports, an increase of 26.8%.

The Standard Chartered Bank recently released a report saying that the "One Belt and One Road" construction has made great strides in the past few years and its momentum of development in the near future is still strong. It is estimated that the relevant projects will bring huge economic returns and dividends for the relevant countries and China in the medium and long term.

"We believe that the trade with the countries along the Belt and Road will continue to be the bright spot and the growth point of our country's foreign trade." Huang Songping said that the Customs will improve the capability and level of opening up a new pattern of service opening-up and deepen the all-round way the countries along the Belt and Road Large customs clearance cooperation and actively promote mutual recognition of AEO along the countries along the line; continue to optimize the customs supervision and management services, promote the customs clearance process to simplify and simplify, and effectively enhance the level of trade facilitation.

The "One Belt and One Road" project has continuously released the win-win cooperation and win-win cooperation and continuously brought together the attractive cohesion. Zhou Xiaojing, a senior fellow at Chung Yang Financial Research Institute of Renmin University of China, pointed out that China will achieve the impetus of upgrading and upgrading the "Belt and Road" initiative and form an "open pattern in which both land and sea will be linked up and things work both sides and be mutually beneficial."

Supply-side structural reform is an important engine for transformation and upgrading

At 4:30 every morning, the cows in Fonterra New Zealand ranch on time and produce milk. Through the domestic cross-border e-commerce platform orders, as long as five days, these milk will be preserved throughout the entire cold chain, to Hangzhou citizens dining table; along the "digital Silk Road," more and more "made in Hangzhou" positive Into the "Belt and Road" along the country people's lives ......

"In 2017, China's foreign trade sector steadfastly pushed forward the structural reform on the supply side with positive progress made in terms of transformation and restructuring. The import and export are now shifting from the high-speed growth phase to the high-quality development phase." Huang Songping said: "The capability of independent innovation of enterprises in our country is gradually increasing. New competitive advantage gradually emerged. "

As can be seen from the latest statistics, China's foreign trade is moving forward from the Greater Xiangqiang Road: In 2017, the capacity of independent development increased. The import and export of general trade with long domestic chain and high added value increased by 16.8%, higher than the overall growth rate Import and export growth 2.6 percentage points; various types of enterprises have achieved double-digit growth in imports and exports, of which private-owned enterprises increased by 15.3% in import and export, the largest contribution to China's total import and export growth rate of 41.2%, foreign trade development endogenous dynamics Increase; more coordinated regional development. The import and export of central and western regions increased by 21%, higher than the national growth rate of 6.8%. The proportion of import and export in the whole country increased by 0.8% over the same period of last year. The product structure was optimized and some high value-added electromechanical products and equipment manufacturing products were exported Maintained good growth. Exports of motor vehicles increased by 27.2%, computers by 16.6% and medical instruments and instruments by 10.3%.

In 2018, there are many favorable conditions for the development of China's foreign trade in general. However, the international environment is still complex with deep-seated and structural contradictions still prominent in the world. It may impact the global economic recovery and financial market stability, and the road to world trade recovery Will twists and turns; the global manufacturing industry fierce competition, emerging market countries with low cost advantages such as labor, land and promote the development of low-end manufacturing, the traditional competitive products in our country to form a competitive economy in developed countries to implement "economic rebalancing and re-industrialization "Policies to promote the return of some high-end manufacturing industries; global trade protectionism is still warming up. At present, the cases and amounts of trade remedy investigations suffered by our products are still at a relatively high level in recent years.

"To meet the challenges, promote the transformation and upgrading of foreign trade, accelerate the cultivation of new momentum for the development of foreign trade and support the development of a new trade format." Huang Somping predicts that China's foreign trade will continue to grow in import and export this year, and its quality and efficiency will be raised.

 
 
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