General

At the beginning of the new year, China's international trade enterprises began to catch up with production and take orders. From the situation of the sample international trade enterprises tracked and monitored by the Ministry of Commerce, there have been some positive signals in the beginning of 2023, especially the situation of orders received by major export provinces has improved.

Some enterprises are busy recruiting people while focusing on production. In Huizhou Zhongkai High-tech Zone, Guangdong Yina Technology Co., Ltd. has increased its power since it started at the end of January. Since its establishment in 2019, various kinds of nanomaterials independently developed by the company have blossomed and borne fruit. The sales volume in 2022 increased by 279% year on year, and the orders in 2023 ranked in the second quarter. In order to meet the increasing demand, the company fully launched the new year recruitment, and plans to double the personnel size in 2023.

Some enterprises have stepped up their efforts to expand the international trade market and seize orders. Huizhou Minghui Electronics Co., Ltd. has sent marketing personnel to the Middle East, Europe, the United States, South Korea and other places to visit customers and carry out negotiations. Zhang Qian, the general manager of the company, said: "I hope the first quarter will be a good start, and the output value will increase by another 10% this year."

The Service Industry Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing recently released that in January, the purchasing manager index of China's manufacturing industry rose 3.1 percentage points to 50.1% from the previous month, and the new order index rose 7 percentage points to 50.9% from the previous month.

Front-line scenarios and survey data reflect stronger enterprise confidence. Thanks to the new production expansion of the company's micro-steaming and baking intelligent manufacturing line, automatic dishwasher assembly line, and the update of the new mid-stage system in recent years, the foreign trade orders of Galanz Group for microwave ovens, ovens, refrigerators, dishwashers and other products have been placed in the second quarter.

More and more enterprises attach importance to the digital transformation of the whole process and cycle of foreign trade, and the layout of cross-border e-commerce is an important step. Zhao Yunqi, general manager of Hefei Shengwei Technology Co., Ltd., said: "During the Spring Festival, the salesperson did not stop receiving orders online. There were more inquiries and orders on Alibaba International Station than usual, with a total amount of more than US $3 million." Affected by the European energy crisis and the carbon-neutralization policy, the company's orders for rooftop photovoltaic energy storage and power generation equipment and other products were arranged after March, and basically sent to overseas warehouses after the production of a batch.

The cross-border index of Alibaba International Station shows that the growth rate of high-quality business opportunities in the new energy industry on the platform has reached 92%, becoming a bright spot for exports. Alibaba International Station plans to launch 100 digital overseas exhibitions this year, and launch 30000 cross-border live broadcasts of new products and 40 new product launches online at the New Trade Festival in March.

Zhao Ping, Vice President of the Research Institute of the China Council for the Promotion of International Trade, believes that under the policy support of greater efforts to promote the stable scale and optimal structure of foreign trade, the import and export of international trade is expected to continue to show a positive trend, with a low growth rate and a high growth rate.

A recent report from Goldman Sachs Group, an international investment bank, shows that the reopening of China's economy and the comprehensive recovery of domestic demand will promote the global economic growth of about 1% in 2023.

More new measures will make the market more open and channels more smooth. At the beginning of 2023, new progress was made in the implementation of the Regional Comprehensive Economic Partnership Agreement (RCEP), which entered into force for Indonesia on January 2, and foreign trade enterprises welcomed more benefits such as tariff preference and cost reduction. Guangdong Ocean Medical Technology Co., Ltd. will export more than 30 million yuan to Indonesia in 2022.

"Taking crutches as an example, after the entry into force of RCEP for Indonesia, zero tariff preference can be enjoyed with the certificate of origin, which is estimated to save about 1.5 million yuan for enterprises throughout the year," said Tang Qing, head of customs affairs of the company.

The 133rd China Import and Export Commodities Fair, which is scheduled to open in April, will resume offline exhibition. Chu Shijia, director of the China Foreign Trade Center, said that at present, more than 40000 enterprises have applied for exhibition, and the number of offline exhibition booths is expected to increase from 60000 to nearly 70000. At the same time, the Foreign Trade Center will play the leading role of "chain owner" and expand the operation of the Canton Fair. It is estimated that more than 110 exhibitions will be held in 2023, with about 12 million visitors.

"The exhibition industry will speed up the overall recovery and promote the prosperity of trade, investment, consumption, tourism, catering and other industries." Chu Shijia said that the great development and promotion of the Canton Fair will also better help the high-quality development of the economy, better serve China's high-level opening up and build a new development pattern.

The relevant person in charge of the Ministry of Commerce said that through a series of offline exhibitions of domestic export exhibitions, including the resumption of the Canton Fair, we will fully support international trade enterprises to participate in various overseas professional exhibitions; Closely cooperate with trading partners, give full play to China's super-scale market advantages, expand the import of high-quality products from all countries, and stabilize the global trade supply chain.