General

my country's import and export growth rate hit a 10-year high in the first 7 months

According to data released by the Ministry of Commerce on the 10th, from January to July, my country's import and export, export, and import scales all hit historical highs, up 24.5%, 24.5%, and 24.4% year-on-year, respectively, and the growth rates were all 10-year highs.

According to data released by the General Administration of Customs a few days ago, from January to July, my country's imports and exports, exports, and imports were 21.34 trillion yuan, 11.66 trillion yuan, and 9.68 trillion yuan, respectively. The two-year average growth rate was 10.6% and 10.9% respectively. , 10.2%. In July, the import and export volume was 3.27 trillion yuan, second only to June, the second highest in a single month in history.

According to the Ministry of Commerce, my country’s exports to traditional markets such as the United States, the European Union, and Japan have increased by 22.6% in the first seven months. At the same time, trade cooperation with emerging markets has continued to deepen, and exports to emerging markets such as ASEAN, Latin America, and Africa have increased by 26.5% in total, pulling up the overall export growth rate by 13 percentage points.

Various market entities are full of vitality. From January to July, exports of private enterprises, state-owned enterprises, and foreign-funded enterprises increased by 30.1%, 16.7%, and 17.9% respectively. More than 110,000 new foreign trade operators have been registered, of which private enterprises account for nearly 95%.

It is worth mentioning that the new momentum of foreign trade development continues to increase. In the first half of the year, cross-border e-commerce exports increased by 44.1% year-on-year, and exports by market procurement trade methods increased by 49.1% year-on-year. New energy vehicles drove the growth of automobile exports. From January to July, automobile exports increased by 102.5% year-on-year, and the growth rate hit a record high in the same period in history.

A person in charge of the Foreign Trade Department of the Ministry of Commerce said that while imports and exports are growing rapidly, they are still facing factors such as the continuous evolution of the global epidemic, increasing risks in the industrial chain and supply chain, and increasing politicization of trade issues. There is great uncertainty in economic recovery. The Ministry of Commerce will continue to promote the "three major plans" of superior import and export, trade industry integration and unimpeded trade, and strive to achieve the goal of stabilizing quality and improving quality throughout the year.

China's 13 categories of products account for the world's largest market share

The Nikkei will conduct a "Survey on the Share of Major Products and Services" in 2020 for 70 product categories such as products, services, core parts and materials that are very important in global economic activities. The survey objects also include products in the environmental protection field such as solar panels and car batteries, which have increased demand due to the trend of decarbonization, as well as cloud services and other digital transformation-related products that help enterprises innovate. The survey found that Chinese companies accounted for more than 30% of the market share in 15 categories, including smart speakers, smart phones, surveillance cameras, computers, household air conditioners, and washing machines, of which 13 categories were occupied by Chinese companies with the largest market share.

In the field of solar panels, Longi Co., Ltd. will occupy the largest market share in 2020. In the field of large and medium-sized trucks, China FAW Group holds the top share. BOE Technology Group occupies the first place in the field of small and medium LCD panels and large LCD panels used in information technology products. In the field of on-board batteries, which is the core product of electric vehicles, CATL New Energy Technology Co., Ltd. still stands proudly at the top of the list in the fierce offensive of South Korea's LG Chemical Company. In the field of insulators for lithium batteries, Shanghai Enjie New Material Technology Co., Ltd. occupies 22.3% of the market share, ranking first.