Three Major Problems, Such As Instability Of External Demand, Challenge Foreign Trade Trend

The Ministry of Commerce issued the report on China's foreign trade situation in May 5th (spring 2015).

The report holds that, in the coming period, China's foreign trade development is facing many challenges, such as external demand, weakening traditional competitiveness, increasing external restrictions and so on. In addition, the international market share is already at a higher level and the difficulty of further increasing the share is increasing. China's foreign trade may remain at medium to low speed growth, and is more susceptible to short-term factors such as market demand changes, exchange rate fluctuations and so on, and the fluctuation is more frequent and larger.

However, we should also see that China's foreign trade development still has a series of favorable factors and conditions.

The report holds that China's foreign trade faces four favorable factors and conditions:

First of all, the industrial foundation is more solid.

China is the largest manufacturing country in the world, and its export industry chain and infrastructure are relatively perfect.

In recent years, the rapid development of equipment manufacturing and hi-tech industries, and the export of capital goods and intermediate goods are expected to usher in a prosperous period.

Second, the role of foreign investment and cooperation in boosting trade has been enhanced.

China's foreign investment cooperation has entered a period of rapid development. The implementation of international capacity cooperation will effectively bring about large-scale exports of large-scale equipment and components, engineering materials and so on.

Third, the pace of pformation and upgrading is accelerating.

In particular, cross border e-commerce, foreign trade comprehensive service enterprises, market purchasing trade and other new trade modes have lowered the threshold for SMEs export, and are conducive to giving play to the advantages of China's manufacturing power, and are expected to become an important growth point for exports.

Fourth, the state's policy of supporting foreign trade development is constantly increasing.

The report also holds that, in spite of the 2015, China's foreign trade, especially

There are basic conditions for growth, but the seriousness and complexity of the situation have not changed fundamentally.

One is external.

Still unstable.

Under the background of the slow growth of the world economy, consumption and investment demand in various countries is generally sluggish and the growth momentum of international trade is insufficient.

Some multinational companies consider that they are close to the consumer market and avoid the supply chain being too long and susceptible to shocks. From offshore production to offshore and offshore production, the global layout of the industrial chain has contracted to a certain extent, which affects the further development of Global trade.

In the first two months of 2015, the 70 main WTO monitored

Exports fell 9.1% year-on-year, the first decline since 2009.

Two, the competitiveness of China's export industry faces double challenges.

In the field of high-end industries, the developed economies have made remarkable progress in using technology and talent to seize the forefront of emerging technologies, promote "re industrialization" and expand the international market.

Over the past 5 years, the US export volume has increased by 9% annually, and the EU's export volume has increased by 8.2% annually, all over the global export growth.

In the middle and low end industries, the neighboring emerging economies have introduced preferential investment policies with the advantage of low cost of labor, land and other production factors, taking the initiative to undertake the pfer of processing and manufacturing industries and promoting the rapid growth of exports.

Some of the investment enterprises in China have reproduced capacity to the developed countries and diverted to the surrounding emerging economies, and their competitive edge has weakened.

The three is the international competition means.

In the economic downturn, some countries have used the exchange rate as an important tool to boost exports and stimulate the economy, forcing the currency to depreciate, resulting in a passive substantial appreciation of the Renminbi (6.2004, -0.0056, -0.09%), which has seriously affected the competitive power of China's exports in the international market.

At the same time, some countries and regions make use of the FTA to discriminate and exclude products from the countries outside the agreement and form rules barriers, which may affect the market share of the countries outside the agreement in the FTA member countries.