Ministry Of Commerce Research Shows That Foreign Trade Situation Is Not Optimistic.

The actual negative growth of exports is reported one day at a small conference room on the 7 floor of the main building of the Ministry of Commerce, and the policy research office is holding a conference nervously. This is the second meeting of the Department that day. At 4:40, at the end of the meeting, everyone hurried out of the conference room. "The convening of large and small meetings every day has become our normal work in recent times." One official told our reporter, "we now submit an economic analysis report to the State Council every day, one day and one report, mainly for the decision-making level to have a comprehensive and detailed prediction of the current situation." The Ministry of Commerce has revealed that in order to have a comprehensive and accurate judgement on the impact of the global economic crisis, the Ministry of Commerce has set up an emergency response mechanism for financial crisis since the beginning of October, and has conducted a thorough research on the global scale. "The scope, content and frequency of the survey are very rare in the work of the Ministry of Commerce over the years." The Ministry of commerce also requires commercial counselors from various business systems and business offices abroad to report the local economic situation to the Department daily, and then submit them to the State Council. It is learnt that the Ministry of Commerce launched research on the global scale, and it is also a comprehensive look at the central economic work conference held in December. The final report of the Ministry of Commerce will also directly decide the decision of the central economic work conference. And the exclusive information obtained by our reporter from the Ministry of Commerce shows that the conclusions of these survey reports are "very optimistic". An official of the Ministry of Commerce told the newspaper that "grim" is not enough to describe the current foreign trade situation. "If we take into account factors such as inflation and exchange rate, in fact, this year's exports have been negative growth." The officials said. The insider also revealed that in such a bad trade environment, the possibility of continuing to raise the export tax rebate rate is not ruled out. Some of the products may be adjusted even more than 17%, which means the biggest adjustment. This will also be a policy that is expected to emerge after the central economic work conference. The research report is "survey, summary, meeting and report" every day, which is our daily work in the past two months. A researcher from the Ministry of Commerce's Political Research Office said to our reporter. It is learnt that, in order to report the situation accurately and quickly, since October, the Ministry of Commerce has set up a financial crisis emergency response mechanism. At 10 o'clock in November 26th, the reporter came to the office that the office of the political research office was empty, and the small conference room next to it was full of seats, and from time to time there was intense discussion. The meeting lasted until 12:30. After the meeting, officials attending the meeting revealed to the newspaper that the hot issues discussed mainly focused on the impact of the US financial crisis on China, the survival conditions of Chinese enterprises in the current situation, the improvement of foreign trade policies, and how to expand domestic demand. An official told reporters that since the global economic crisis, similar meetings in the Department have been held almost every day, but the analysis of the economic situation has never been repeated, because every day they have to understand the information through various regional business departments, chambers of Commerce and trade associations. "We are always concerned about the progress of the financial crisis." High frequency research is also carried out at the same time with the high frequency conference. An official of the Ministry of foreign trade of the Ministry of Commerce revealed that they have been almost everywhere in recent times and have gone down to investigate. Moreover, apart from the foreign trade division, other bureaus, such as the industry department and the foreign investment division, are allocated to various countries or domestic provinces and municipalities. The Yangtze River Delta and the Pearl River Delta are the key areas for research. Meanwhile, the research team also went to the central and western regions to get a broad understanding of the situation. The research topics include maintaining stable export growth, actively expanding consumption, optimizing the use of foreign capital structure, and improving the level of foreign economic cooperation. What is worth mentioning is that the Ministry of Commerce has also sent special research teams to South Korea and Japan to find out the extent of the financial crisis's impact on the surrounding countries, so as to make policy reference.