General

Since the beginning of the new year, we have participated in 7 exhibitions of all sizes, including Medical Equipment Exhibition, Shenzhen Electronics Exhibition, etc. From April to June, we also plan to participate in the Hong Kong Spring Electronics Exhibition, China International Fair, Shanghai New Wind Exhibition, etc., "said Li Jun, General Manager of Dongguan Weidi Information Technology Co., Ltd.

Since the beginning of this year, foreign trade enterprises have accelerated their market expansion and product research and development, hoping to achieve new breakthroughs in order volume this year. Behind the trend of enterprises grabbing orders is the continuous implementation of a series of stable foreign trade policies, which help enterprises stabilize orders and expand into the international trade market.

Central and local policies work together to promote stable scale and optimal structure of foreign trade

On April 7th, Premier Li Qiang chaired an executive meeting of the State Council to study policy measures to promote the stable scale and optimal structure of foreign trade. The meeting pointed out that promoting stable scale and optimized structure of foreign trade plays an important supporting role in stabilizing growth and employment, building a new development pattern, and promoting high-quality development. We need to continuously enrich, adjust, and improve relevant policies in response to practical problems in different fields, implement a combination of stable foreign trade policies, and help enterprises stabilize orders and expand into the international trade market. We need to find ways to stabilize exports to developed economies and guide enterprises to deeply explore developing country markets and regional markets such as ASEAN. We should give full play to the role of a major foreign trade province as the main force for stabilizing foreign trade, encourage various regions to introduce supporting policies tailored to local conditions, and enhance policy synergy.

The Chief Economist of CITIC Securities clearly stated that the deployment of stabilizing foreign trade at this regular meeting has three characteristics: firstly, from the dimensions of trade commodities and trade industries, precise measures are proposed based on actual problems in different fields, such as the pressure on orders caused by insufficient external demand; Secondly, from the perspective of trade partners, propose different arrangements for the exports of China, developed economies, and developing country markets; The third is to emphasize the synergy between various provinces and cities in China.

In fact, support measures have also been introduced in various regions recently. For example, on April 4th, Shanghai released the "Several Policy Measures for Promoting Stable Scale and Quality Improvement of Foreign Trade in Shanghai", proposing 21 measures from four aspects: promoting stable growth of foreign trade scale, promoting innovative development of foreign trade, supporting the development of diversified markets, and optimizing the cross-border trade business environment; On April 6, in order to actively respond to the new situation and challenges of international trade and grasp the new opportunities of digital development, Guangzhou released the Notice on Publicly Soliciting Opinions on Several Measures of Guangzhou to Promote Digital transformation of Processing Trade and Promote High Quality Development of Foreign Trade.

In this regard, Xiao Benhua, vice president of the Free Trade Zone Research Institute of Shanghai Lixin Institute of Accounting and Finance, said that all regions took the initiative to attack in combination with local characteristics, focusing on the pain points of foreign trade enterprises, to reduce costs and increase efficiency for enterprises and improve their international trade competitiveness. Taking Guangzhou as an example, it is proposed to introduce the first Digital transformation measure of traditional foreign trade in China to promote the deep integration of traditional foreign trade and digital trade, which can not only improve the competitiveness of traditional foreign trade, but also promote the emergence of some new foreign trade formats, which is of positive significance for enterprises to stabilize orders and expand the international trade market.

Adapting measures to local conditions and implementing policies for enterprises to help expand the market

For some industries or enterprises, various departments in various regions have also actively formulated targeted measures. It is understood that in response to the short shelf life and high storage and transportation requirements of some agricultural products, the customs department has optimized the "green channel" for the export of fresh agricultural products; On the other hand, optimize the process of drafting and editing export documents, provide a "one-stop" service of declaration, evaluation, and visa, and further compress customs clearance time.

In terms of expanding the market, Li Jun said, "In the first quarter of this year, our company's foreign trade orders for air disinfectors in the Russian market significantly increased, and overall sales increased by 35% compared to the first quarter of 2022

In the view of Wang Qing, Chief Macro Analyst of Dongfang Jincheng, in the short term, the combination of stabilizing foreign trade will focus on further reducing taxes and fees for foreign trade enterprises, strengthening financial support, and encouraging the development of new forms of foreign trade, as well as focusing on reducing the cost of managing foreign trade risks for enterprises and enhancing their ability to resist risks.

In the long run, stabilizing foreign trade should be driven by deepening reforms and expanding openness, providing a relatively relaxed policy environment for the development and growth of new forms of foreign trade. Wang Qing further analyzed that considering the significant boost effect of RCEP implementation on China's foreign trade growth last year, China will actively promote the accession to high standard economic and trade agreements such as the Comprehensive and Progressive Trans-Pacific Partnership Agreement (CPTPP) and the Digital Economy Partnership Agreement (DEPA) this year, Further promote trade facilitation and proactively compare relevant rules, regulations, management, and standards to deepen reforms in relevant domestic fields.