China'S Foreign Trade Growth Pattern Has Not Yet Been Reversed By &Nbsp; The Annual Trade Surplus Narrowed To A Foregone Conclusion.

Tianjin port

Export data continued to decline, PMI export orders index continued to fall, and export enterprises encountered "

"China's foreign trade is still on the rise, and the pattern of growth in foreign trade has not been reversed."

The head of the Ministry of foreign trade of the Ministry of Commerce gave a reassurance yesterday.

Data released on the same day showed that in the first 5 months, the total value of China's imports and exports was US $1 trillion and 401 billion 790 million, an increase of 27.4% over the same period last year.

Of which, exports of US $712 billion 380 million, an increase of 25.5%, and imports of US $689 billion 410 million, an increase of 29.4%.

According to the analysis of the industry, the growth rate of imports exceeds that of exports, which reflects that our import expansion policy has achieved certain results, which will become a long-term trend.

Foreign demand is down and export prospects are worrying.

Many analysts pointed out in an interview with reporters that due to the recent economic slowdown in developed economies, China's export growth is likely to fall further in the next few months.

Judging from the external environment, the international leading indicators are indeed showing signs of deterioration.

The recently released OECD countries' business confidence index and consumer confidence index fell slightly in April.

"The drop in external demand is worrying the export prospects."

Huang Lin, deputy director of Soochow Securities Research Institute, pointed out that the recent US manufacturing data, retail data and real estate market data were lower than expected, and the debt crisis in the eurozone moved to the stage again, leading to an increase in the uncertainty of the economic outlook.

Moreover, emerging economies will continue to tighten policies against inflation and will gradually pmit to the real economy.

"All of these will form a certain pressure on China's export growth."

The latest report of the Bank of Communications (601328, stock bar) also pointed out that the slow recovery of the economic recovery of the major developed countries such as the United States, Britain, France and Germany is unfavorable to the overall export environment of China. Taking into account the intensified trade friction between Europe, Japan and China, and the implementation of the policy of promoting employment and economic recovery by the United States, all of these will lead to a slowdown in China's exports.

However, "as the recovery of the developed economy is still continuing, and China's exports remain competitive, we believe that the possibility of a serious slowdown in exports is unlikely."

Huang Lin added.

The director of the Ministry of commerce also said that the domestic structural adjustment has intensified, and the government has accelerated the pace of pformation and upgrading. Enterprises are paying more attention to technological innovation, product quality and brand marketing, which is conducive to creating "

Narrowing of trade surplus and improvement of trade balance

Customs data show that in May, China exported 157 billion 160 million US dollars, an increase of 19.4%, and imports of US $144 billion 110 million, an increase of 28.4% over the same period last year.

From 1 to May, China's cumulative trade surplus was 22 billion 970 million US dollars, down 35.1% from the same period last year.

The trade generally agreed that the trade surplus in May was lower than expected. The growth trend of the trade surplus in the past 5 months shows that China's annual trade surplus will decrease and China's trade balance will further improve.

Since the beginning of this year, the Ministry of Commerce has expanded imports and promoted trade balance as the focal point. Many measures have been taken in optimizing import structure, promoting import facilitation and improving import promotion system, and achieved positive results.

For example, in order to expand the import of advanced technology and equipment, in March 4th, seven ministries and commissions such as the Ministry of Commerce jointly issued the "opinions on the implementation of positive strategies for promoting import and export of mechanical and electrical products" during the "12th Five-Year" period.

As a programmatic document to promote the import of mechanical and electrical products in the "12th Five-Year" period, our opinions clearly pointed out that we should gradually increase the proportion of imports of advanced technology and key equipment and key components, promote the rational proportion structure of investment goods, consumer goods and intermediate goods in import, meet the import demand of the new generation of information technology, energy saving and environmental protection and other key emerging industries and other key industries, and effectively alleviate the excessive growth of trade surplus with major countries and regions.

"The growth rate of imports exceeds exports, which reflects that China's expansion of import policy has achieved certain results, which will become a long-term trend."

Zhang Yansheng, director of the Institute of foreign economics of the national development and Reform Commission, said.