Import And Export "Three Increase" Continuation Of Foreign Trade Stabilized To A Good Trend

In November, China's foreign trade delivered a brilliant report card.

According to the data released by the General Administration of Customs on 8, in November, China's import and export value was 2 trillion and 350 billion yuan, an increase of 8.9%.

Among them, exports were 1 trillion and 320 billion yuan, an increase of 5.9%; imports of 1 trillion and 30 billion yuan, an increase of 13%.

The three figures of imports, exports and imports and exports showed a growth trend, further establishing a trend of stable foreign trade since the three quarter.

"The figures for November are very exciting.

Judging from the situation in recent months, imports have seen positive growth for fourth consecutive months since August, and the narrowing of exports compared with last year is a very good sign.

Liu Yingkui, director of the International Investment Research Department of the China Council for the promotion of trade, said that this shows that China's trade promotion strategy and the pformation and upgrading of foreign trade enterprises have achieved remarkable results.

In addition to the stable import and export volume, China's foreign trade

And efficiency is also rising.

Data show that in the first 11 months, China's general trade import and export volume was 12 trillion and 20 billion yuan, an increase of 0.5%, accounting for 55.1% of our total foreign trade value, representing a 0.9 percentage point increase over the same period last year.

The import and export of processing trade, mainly labor-intensive industries, dropped by 6 trillion and 570 billion yuan, or 5.7%, accounting for 30.1% of our total foreign trade value, down 1.4 percentage points from the same period last year.

In terms of export products, the proportion of traditional labor intensive industries has gradually decreased, while the proportion of high-tech and strategic emerging industries has increased. The most obvious is the rapid growth of automobile exports.

Data show that in the first half of November this year, 720 thousand vehicles exported, an increase of 7.1% over the same period last year.

Bai Ming, deputy director of the International Market Research Institute of the Ministry of Commerce, said that since November 1st this year, the export tax rebate rate of China's cameras, cameras, internal combustion engines, gasoline, aviation kerosene, diesel and other 418 products has increased to 17%. The policy of "real gold and silver" has further encouraged the export of related products, and in November.

The stabilisation has formed a supporting role.

The prophet of warm spring duck.

As early as the 120th Canton Fair, which closed in November 4th, it has released the signal that the foreign trade has stabilized. The number of purchasing newspapers is more than 180 thousand, an increase of 4.6% over the same period last year. Among them, the number of buyers in the "one belt and one way" country has increased significantly, with an increase of nearly 8%.

Cumulative

The turnover was 187 billion 301 million yuan (US $27 billion 890 million), an increase of 3.2% over the same period last year.

Although the monthly data in November are gratifying, in the whole year, the absolute size of foreign trade may not change the trend of decline.

In the first 11 months, the total value of imports and exports was 21 trillion and 830 billion yuan, down 1.2% from the same period last year.

Among them, exports were 12 trillion and 470 billion yuan, down 1.8%, imports 9 trillion and 360 billion yuan, down 0.3%, trade surplus 3 trillion and 110 billion yuan, narrowing 5.8%.

"Before November, the total value of imports and exports dropped by 1.2%. If we want to pick up all the year round, we need to achieve more than two digit growth in December, which is more difficult."

Bai Ming believes that although the annual export decline is difficult to recover, but the annual import is still expected to achieve positive growth.

The report released recently by the international trade and Economic Cooperation Research Institute of the Ministry of Commerce believes that the situation facing China's foreign trade development in 2017 is still grim and complicated, and there are many unstable factors. However, China's foreign trade is in the key stage of accelerating structural adjustment and changing the old and new kinetic energy. The fundamentals of long-term improvement have not changed.

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