General

Recently, the "report card" of China's international trade in the first three quarters was released - the total value of imports and exports was 31.11 trillion, up 9.9% year on year. People in the industry believe that China's foreign trade has not been easy to maintain stable growth in the face of a variety of adverse factors, which fully demonstrates that the implementation effect of various package policies to stabilize the economy is gradually emerging and effectively promote the stability and quality of foreign trade.

Stable foreign trade is an important support for stable growth. From a steady start of 10.7% in the first quarter to a rapid reversal of the downward trend of foreign trade growth in April in May and June, a steady growth of 9.4% was achieved in the first half of the year, and a rapid growth was achieved in the first three quarters. Zhang Yu, deputy director of the International Economic and Trade Research Office of the Institute of Financial Strategy of the Chinese Academy of Social Sciences, believes that under multiple pressures at home and abroad, China's foreign trade has once again demonstrated strong resilience and vitality, and continues to make positive contributions to stabilizing the macroeconomic market.

Specifically, the competitiveness of high value-added and high-tech products is constantly reflected: throughout the first three quarters, the export of mechanical and electrical products in international trade accounted for 56.8% of China's total export value, of which the export of automobiles was 259.84 billion, with a year-on-year growth of 67.1%. The export of mobile phones, automatic data processing equipment and their parts also kept growing.

Since this year, Chinese auto enterprises have accelerated "going to sea", and many new energy models of their own brands such as BYD, Weilai and Xiaopeng have landed in the European market. According to the data released by the China Association of Automobile Manufacturers, in the first three quarters of 2022, domestic automobile enterprises exported 2.117 million vehicles, which has exceeded the annual export volume of 2021, including 389000 new energy vehicles, a year-on-year increase of more than twice.

Zhang Yu believes that under the background of the decline of global trade growth, the substantial growth of China's international trade exports of automobiles, especially new energy vehicles, reflects the remarkable effect of China's industrial structure transformation and upgrading, and the significant breakthrough in emerging industries. "This not only further consolidated and improved the industrial base of China's foreign trade, but also improved the quality and efficiency of foreign trade development."

In addition, as the main force of foreign trade, private enterprises have the advantages of high operational flexibility, strong market adaptability, etc., and have become the resilient responsibility of stabilizing foreign trade. The data shows that in the first three quarters, the import and export of private enterprises increased by 14.5%, accounting for 50.2% of China's total foreign trade value, 2 percentage points higher than the same period last year.

To stabilize the basic foreign trade market, the expanding "circle of friends" also plays an important role. In the first three quarters, China's imports and exports to ASEAN, the European Union, the United States and other major trading partners maintained growth. It is worth noting that China has closer economic and trade exchanges with countries along the "the Belt and Road", with a total import and export of 10.04 trillion, up 20.7%.

Since this year, the CPC Central Committee and the State Council have attached great importance to some difficulties encountered in the field of international trade. Many provinces have also introduced practical and effective supporting measures, established a "white list" system for enterprises, and focused on supporting it. On September 27, the Ministry of Commerce also issued Several Policies and Measures to Support the Stable Development of Foreign Trade, which mainly include strengthening the ability of foreign trade performance, further developing the international market, stimulating innovation vitality, and strengthening the guarantee ability.

In this regard, Wang Shouwen, the international trade negotiator and vice minister of the Ministry of Commerce, said that at present, the foreign trade development environment is becoming increasingly complex, and the pressure to maintain a stable growth of imports and exports is increasing. It is necessary to introduce a new round of stable foreign trade policies to further rescue, solve difficulties and help China's international trade enterprises.

Paperless declaration, one-stop processing, real-time big data exchange... In recent months, Lianyungang Ganglong Trading Co., Ltd., which is engaged in cross-border e-commerce, has seen an increase in orders. According to Wang Ziwen, the manager of the company, with the help of Nanjing Customs, cross-border goods can now be quickly handled online whether they enter the warehouse or leave the warehouse. Digital dividends not only further improve the level of trade facilitation, but also help significantly enhance the confidence of enterprises.

In order to expand demand and stabilize the market, local customs have also frequently issued practical measures: Guangzhou Customs has detailed and issued 48 support measures focusing on supporting the construction of key projects and supporting the construction of a comprehensive service base for Chinese enterprises to "go global"; Hangzhou Customs carried out the precise service activity of "ten cities, one hundred regiments and one thousand enterprises", promoted the optimization of the pilot policy for the integrated inspection and coordination of high-tech goods, and expanded the pilot market procurement of pre packaged food for export; Beijing Customs supports the development of bio pharmaceutical industry; Nanjing Customs extensively publicized the tariff concessions, rules of origin and other policies of the Regional Comprehensive Economic Partnership Agreement (RCEP) to enterprises through the mechanism of "clearing up enterprise problems" and scanning the code to query and answer

Cai Yiwei, Deputy Director of the Comprehensive Business Department of Guangdong Whampoa Customs, said that the Whampoa Customs steadily expanded the scope of the pilot reform of "combined ports" and "one port connection", promoted the "rapid customs clearance by railway" model to support the rapid development of China Europe trains, guided enterprises to carry out bonded research and development, bonded maintenance and other new forms of business in the comprehensive bonded area, and created a "direct train for key enterprises" to optimize services to help enterprises solve difficulties, so as to spare no effort to promote stability and quality of foreign trade.

Zhang Yu believes that, in general, despite the adverse external environment such as international geopolitical conflicts and the COVID-19, the steady growth of foreign trade reflects the advantages of China's industrial clusters and the resilience of industrial chains and supply chains, as well as the significant improvement of core competitiveness and international competitiveness.