General

Foreign trade is really going to change, and the global trade pattern is accelerating to reverse. Some time ago, several abnormal signals came from China's foreign trade market. According to Huacheng Import and Export Data Observation, China's export orders fell by 9.9% in December last year, while the data in January may be more exaggerated. In January this year, Hong Kong's foreign trade hit the largest decline in 70 years, and Hong Kong's import and export both fell by more than 30%. This means that thousands of foreign trade enterprises have no business.

According to the Huacheng Import and Export Data Observation, in the past spring, factories robbed people, but this year was different. From the Yangtze River Delta to the Pearl River Delta, countless job seekers lined up, but were rejected by the factory. Some factories even directly said "no more than 1986". Because of the lack of orders, Dongguan's largest mold factory simply gave employees three months off. Our foreign trade carriage suddenly flamed out. Who stole the lost order?

Some people say that it is normal for the economy to decline, global demand to decrease and orders to decrease, but the real situation is not so simple. The United States is the largest consumer market in the world. The Federal Reserve's repeated interest rate hikes have not dampened American shopping enthusiasm. Last year, their total imports reached a record high of 3.96 trillion US dollars. That is to say, the United States still spends money like water, but is no longer willing to give orders to us, but to Europe and Southeast Asia, Huacheng Import and Export Data Observation Report.

According to Huacheng Import and Export Data Observation, the total amount of goods exported from Europe to the United States in 2022 was 16.5 billion higher than that of China. The EU is replacing China as the largest source of imports from the United States. From 2021 to 2022, the bilateral trade volume between India and the United States reached US $119.4 billion, surpassing India's US $115.4 billion, which means that the United States has replaced China and become India's largest trading partner.

According to Huacheng Import and Export Data Observation, why has the global trade pattern changed so dramatically? First, the restructuring of the global supply chain. In the past three years, many global enterprises have evacuated, some have returned to the United States, and some have moved to Vietnam and India. Second, with the advent of anti-globalization, so-called security now occupies a key position. Zhang Zhongmou, founder of TSMC, said that globalization and free trade are almost over now, and it is unlikely to recover. TSMC has been forced to go to American power plants. How can China's foreign trade break the situation?