When The World Economy Slows Down, Foreign Trade Will Be Involved.

In the first 30 years of reform and opening up, China's foreign trade grew by an average of nearly 20% annually. That is to say, in the past long time, foreign trade has been one of the most important engines to drive China's economy. But since 2012, because of the decline in commodity prices and the global economic slowdown, the overall performance of global foreign trade has not been good, leading to China's foreign trade in the past 3 years.

China's advocacy Globalization It is characterized by "one can not be less". I believe that more and more countries will support China's multilateral opening up, not just for small groups and small regions, because we all live in an interdependent global village.

It is commendable that although China's foreign trade data show a decline, but from China's share of the global market's exports, from 12.4% in 2014 to 13.4% in 2015, it shows that China's foreign trade is still a top student in the world.

Since the reform of RMB exchange rate regime in 2005, the nominal effective exchange rate of RMB has appreciated by more than 40%, and the effective exchange rate has appreciated by more than 50% since 2015. That is to say, the growth of China's foreign trade is achieved in the case of a substantial appreciation of the RMB exchange rate. On the one hand, the price of Renminbi is becoming more and more expensive. On the other hand, commodity prices continue to rise before 2012, indicating that China's labor, land and environmental costs are rising. Under these circumstances, foreign trade enterprise It is commendable to achieve the present results.

At the same time, China's foreign trade structure is improving and its international competitiveness is gradually improving. For example, processing trade accounted for 55% of the total export volume in 2005, down to 35% last year, which means that the trade mode of cheap labor and land is difficult to sustain. In contrast, the trade along the "one belt and one way" trade last year, and the Independent innovation Foreign trade products of independent brands are increasing substantially.

Therefore, under the trend of Global trade downtrend, we are gradually withdrawing from the old division of international trade which has been involved in the past 30 years, and turn to a new trade mode, which is characterized by independent innovation and independent brand, and drives the export of commodities through capital export.

To maintain sustained, stable and healthy growth of foreign trade, we need our industry to move from the low end to the middle and high end, from the past sweat drive to innovation driven. This also requires us to have a high-quality workforce, a number of senior and middle level managerial talents with international vision, and many new entrepreneurs who can adapt, grasp and lead the new normal, thus leading our foreign trade enterprises to move from "guerrilla" to "regular army".

In addition, all-round international cooperation is also very important. China has put forward that "we must conform to the trend of China's economic integration into the world economy" and "develop a higher level of open economy", that is, through the implementation of the "one belt and one way" strategy and the establishment of a free trade area, and from the point to the line and from the line to the surface, China's all-round opening up will promote the development of globalization, instead of fighting like other developed countries and carrying out trade protectionism.