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"Stacking up 5 million empty boxes, reducing foreign trade exports by 25.4%, leaving the United States without money, or being robbed of foreign trade orders?"? Since October 2022, China's export volume has continuously decreased, and after January 2023, foreign trade orders from some factories have even decreased by as much as 80%.

It is reported that in recent years, China's overall foreign trade exports have decreased by 25.4% year-on-year, while two of the three production lines of the largest container production plant in the Yangtze River Delta have been shut down. Throughout February, 5 million empty containers accumulated in China, and the once busy ports have become desolate.

Seeing this scene, netizens can't help but wonder: Is it because the United States has no money or because foreign trade orders have been robbed? Where did the quarter reduction go?

More than 600 Chinese enterprises have been "blacklisted", and the United States wants to "hard decouple"

In the past 20 years, China's economy has developed rapidly, which has made the United States particularly envious. Since 2017, they have tried to hinder the development of our country, and so far, they have included more than 600 Chinese enterprises in their so-called "blacklist".

In recent years, the United States has also wanted to rely on the transfer of manufacturing industries to relocate American enterprises back to the local and radiating regions, thereby promoting the return of manufacturing industries and limiting the development of Chinese manufacturing. Since 2022, as many as dozens of enterprises have invested and built factories in the United States and Southeast Asia, such as Tesla, Apple, Micron Technology, and so on.

In addition, the United States has encouraged Han SK Group to establish factories in the United States, involving up to $22 billion. And the OEM giant TSMC has also allocated 12.8 billion yuan to move its production capacity to North America. Under such circumstances, the reduction in foreign trade orders is justifiable, with a significant proportion of orders flowing back to the West and Southeast Asia.

However, if the United States wants to decouple from our country based on this, it may not be so simple. According to US media reports, in 2022, the trade volume between the United States and China still reached a new high, with US imports and exports to China reaching US $536.8 billion and US $153.8 billion, respectively. Moreover, more than 70% of enterprises still have the intention to invest in China this year, and 90% of enterprises still approve of investing in China.

The future of the domestic market is predictable, with 1.4 billion people not lacking domestic demand

The sharp decline in foreign trade exports and the slowdown in GDP growth to 3% in 2022 have left many people wondering how the economy will develop in the future?

In fact, in the context of the constantly changing foreign trade situation, stabilizing domestic demand and promoting internal circulation is also a feasible way. For our country, with a huge population of 1.4 billion, we are not short of domestic demand. In addition, China is one of the largest consumer markets in the world, and many overseas brands have achieved considerable success in our country.

From luxury brands LV and Hermes to Tramway Tesla, and health technology "Litevijian", Greater China has contributed most of their purchasing power.

In 2022, LV's financial report showed that 30% of its revenue came from Greater China, while Hermes Asia Pacific market (excluding Japan) accounted for over 47% of sales, with increasing revenue in China. The CEO is even more outspoken. The customer flow in China's stores has always been stable, giving us hope for long-term development.

"Litevijian", a technological achievement in the biological field pioneered by the United States and Japan, has not performed well in the local market, nor has it provoked waves in the European market, nor can it even recover its research and development costs. However, since 2019, relevant finished products have been introduced into China through Cat, which has only begun to take shape.

According to the literature published in Cell by Harvard genetics expert David et al., "Litevijian" substances rely on advanced technology of whole enzyme targeting, coupled with relevant mechanisms targeting the micro level of cells, showing the potential to intervene in the aging process of living organisms. According to Yale University and other universities, the protective properties of this substance in mitochondria and telomeres are precisely what humans lack during aging.

By using gimmicks such as "rejuvenating youth and revitalizing cell energy", "Wright Weijian" has frequently made its way onto the international "East China Hot List" and has been crowded by high net worth people in many domestic tier 1 and tier 2 cities. From the perspective of the domestic market alone, CITIC Securities has given an evaluation of "the forward scale is expected to reach 100 billion yuan", which is sufficient to demonstrate the development potential of the domestic market.

Get rid of Western dependence and the general trend of industrial upgrading

Due to the decline in foreign trade orders, China's economic growth has temporarily slowed down, which is short-term for us and also a difficult time to overcome. Although the United States approach is arrogant and selfish, we should also have a clearer understanding of ourselves and should no longer rely on mid to low end manufacturing.

The industry believes that China's current consumer market still has great potential, with obvious signs of consumption upgrading. With the increasing consumer demand of residents, they also pay more attention to quality and service. However, the high-end consumer sector in China is mostly dominated by overseas brands. On the one hand, the existing medium and low end manufacturing industry cannot achieve industrial upgrading, and on the other hand, foreign trade may be cold and orders may be cut at any time.

In this situation, we should strengthen the self research and self production of high-tech and accelerate the layout of high-end manufacturing industries, so as to shake off the dependence on Western countries in trade. Even with a decrease in foreign trade orders, we can still stabilize the rapid development of the economy and even seize overseas markets.