General

In April, the 133rd Canton Fair; In May, the 25th China International Baking Exhibition and the 2023 Shanghai International Hotel and Catering Expo; In June 2023, the 9th China (Brazil) Trade Expo (Spring Exhibition)... On the exhibition schedule of Guangzhou Gaoen Machinery Technology Co., Ltd. for 2023, the reporter saw that the company's work schedule for the second quarter was very full.

Since the beginning of the year, the company has participated in some exhibitions in Indonesia and Vietnam, and is about to participate in the 133rd Canton Fair. In the second half of the year, it will also participate in the German lFA Exhibition and the Autumn Canton Fair. Participating in the exhibition, expanding the market, and stabilizing orders are also the key tasks of Zeng Xiaoyan, the marketing manager of Guangdong Xiaosong Technology Co., Ltd., this year. She is full of confidence in this.

This spring, foreign trade enterprises are particularly busy and energetic. Against the backdrop of the complex and ever-changing world situation and weak external demand, the emergence of a wave of companies grabbing international trade orders is inseparable from the continuous support of a series of stable foreign trade policies. In the opinion of experts, China's foreign trade volume is large and resilient, and the long-term positive fundamentals have not changed. There is still a lot of room for policy implementation.

Policy "Combination Fist" Promotes the Stability and Quality Improvement of Foreign Trade

Premier Li Qiang of the State Council recently presided over a State Council executive meeting to study policy measures to promote the stability, scale, and structure of foreign trade. The meeting requested that relevant policies be continuously enriched, adjusted, and improved in response to practical problems in different fields, and a combination of policies to stabilize foreign trade should be implemented to help enterprises stabilize orders and expand the 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.

Liu Bin, a researcher at the National Institute of Opening up at the University of International Business and Economics, told the International Business Daily reporter: Under the accurate analysis of the current international situation, the National Council of Foreign Trade has launched timely measures to stabilize the scale and optimize the structure of foreign trade. The deployment tasks of this foreign trade stabilization work are very clear: firstly, it is highly targeted, targeting practical problems in different fields to improve relevant policies; secondly, it is highly targeted, emphasizing the need to stabilize exports to developed economies; thirdly, it is highly collaborative, and the central level should introduce relevant policies while local governments should also introduce corresponding ones Supporting measures and multiple measures to further stimulate potential; The fourth is to highlight the key points, play the role of a major province in foreign trade, and seize the key to stabilizing foreign trade

The reporter noticed that various regions have recently introduced measures to stabilize foreign trade: Shanghai has released "Several Policy Measures to Promote 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. Guangzhou issued the Notice on Publicly Soliciting Opinions on Several Measures of Guangzhou to Promote the Digital transformation of Processing Trade and Promote the High Quality Development of Foreign Trade, proposing to actively respond to the new situation and challenges of international trade, grasp the new opportunities of digital development, promote the Digital transformation of the whole process of processing trade industry chain, further enhance the international competitiveness of foreign trade through digital technology enabling enterprises, and create a strong engine for foreign trade growth, Promote high-quality development of foreign trade. It is understood that this is the first policy measure to support the Digital transformation of traditional foreign trade in China.

The central and local governments are working together to promote foreign trade, which can not only provide more policy support for foreign trade enterprises, but also provide precise policies tailored to local conditions, "Liu Bin said.

Foreign trade, as one of the engines and driving forces of economic development, is particularly important in the current expected downward and countercyclical macroeconomic situation, and is also one of the important means to stabilize the economy and ensure employment. Therefore, promoting foreign trade by central and local governments is an inevitable choice for current economic development and growth, "IPG China Chief Economist Bai Wenxi told reporters.

Further help stabilize orders and expand international trade market

Since the beginning of this year, government departments have provided exhibition subsidies and organized digital marketing training for our company. We have strong confidence and confidence in expanding into the overseas market. "Zeng Xiaoyan introduced that in the first quarter, the company's orders for air purifiers and fan products in the European and American markets significantly increased, with overall sales increasing by about 15% compared to the same period last year

The impact of the epidemic on foreign trade enterprises is quite significant. However, with the optimization and adjustment of epidemic prevention and control policies, enterprises can not only 'go global' this year, but also resume the normal holding of major exhibitions. We have made sufficient preparations and hope to expand the international trade market through online and offline channels and platforms, and stabilize orders. "Huo Liyi, General Manager of Guangzhou Gaoen Machinery Technology Co., Ltd., told reporters.

Huo Liyi said that the favorable policies have also made it easier for enterprises to "go light". For example, the speed of export tax refunds has improved compared to before, injecting us with funds to better carry out business. The company's foreign trade orders in the first quarter were basically the same as the same period last year, and it is expected that the order volume will steadily increase in the future

With the assistance of a series of policies to stabilize foreign trade, the effectiveness of enterprises in expanding the market and obtaining orders is gradually becoming apparent. Previously, the spokesperson for the Ministry of Commerce, Shu Jueting, stated at a regular press conference that from the sample foreign trade enterprises monitored by the Ministry of Commerce, there have been some positive signals, especially in the improvement of orders received by major export provinces.

However, the annual "Global Trade Data and Prospects" report released by the World Trade Organization on April 5th predicts that global trade in goods will increase by 1.7% in 2023. The global trade growth rate in 2023 will significantly slow down compared to last year and be lower than the average level in recent years. The task of ensuring stability and improving quality in China's foreign trade remains extremely challenging.

Gu Xueming, Dean of the Research Institute of the Ministry of Commerce, stated that currently, relevant departments are researching and reserving relevant policies based on the latest changes in the international trade market and the demands of domestic market entities. These policy measures will further enhance the risk resistance ability of China's foreign trade entities and enhance the comprehensive competitiveness of China's foreign trade

When talking about how to strengthen efforts to stabilize foreign trade, Liu Bin suggested that first, promote the integrated development of domestic and foreign trade, and accelerate the construction of a new development pattern with domestic systemic circulation as the main body and domestic and international double cycles promoting each other; Secondly, accelerate the promotion of institutional openness and further unleash policy dividends; The third is to seize key countries and regions, especially surrounding economies and EU markets, in order to stabilize the basic market of foreign trade.

Bai Wenxi believes that on the one hand, it is necessary to objectively respond to the actual demand contraction caused by the continuous significant interest rate hikes in the United States and Europe, continue to promote the diversification of the foreign trade market, and increase support for the development of emerging markets. On the other hand, we should actively implement the policy of full liberalization of foreign trade entities in terms of system construction, policy access and market support, promote Financial innovation in foreign trade, and actively make efforts in the direction of increasing financial support.