China will maintain its foreign trade policy and become a "regulator" for the global market
2022-10-23 10:07:26
While China's foreign trade is gradually showing signs of improvement, China is expected to maintain the stability of its foreign trade policy for a period of time after the fourth quarter of this year, thus having a positive impact on the recovery of the global trade market.
Yi Xiaozhun, deputy minister of the Ministry of Commerce, who participated in the largest export commodity fair in China, the Canton Fair, said that people can already see the signs of good foreign trade in China from the opening meeting on the 15th, the stability of future policies on foreign trade. It is very important for the industry to maintain the stability of the policy, at least for some time to come.
He said: "Chinese export companies generally reflect that the demand of foreign buyers has rebounded from the beginning of this year. However, there are still many uncertainties in the current trend of the world economy, which requires people to make more efforts."
The Canton Fair, which has more than 50 years of history and more than 20,000 companies exhibiting, has always been regarded as the "wind vane" and "barometer" of China's foreign trade and global trade trends. According to the latest statistics, as of the 17th, more than 70,000 overseas buyers have attended the meeting, which is nearly 15% higher than that of the last Canton Fair held in April this year.
Wang Zhiping, deputy director of the Canton Fair, said that compared with the previous large-scale orders and short-term orders in the Canton Fair, the international order structure has changed at this fair, and large-scale long-term orders have increased significantly.
Market participants believe that the international market demand has picked up, the positive promotion of the Chinese government's import and export policies and the improvement of Chinese enterprises' ability to cope with the crisis are important reasons for promoting the current favorable situation.
Since the beginning of this year, the Chinese government has successively issued a series of policy measures to maintain stable growth of foreign trade. These policies include improving the level of trade facilitation, steadily promoting the transformation and upgrading of processing trade, improving import and export financial services, expanding domestic demand for products, promoting investment and trade interaction, strengthening and improving multi-bilateral economic and trade relations, and actively resolving international trade frictions. .
Wang Yongli, deputy general manager of Guangdong Silk Group, said that in recent months, China's customs, inspection and quarantine departments have jointly provided enterprises with “customs clearance†services, the tax authorities have also accelerated the export tax rebate review, and the foreign exchange management department has simplified the export foreign exchange verification. Processes, etc., "The measures are so strong that they have never been seen before. These have played a key role in our response to the adverse effects of the crisis and the steady development of foreign trade imports and exports."
Yao Wenping, vice president of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, said that the demand for the international market itself is recovering, but at the same time, the global trade environment is deteriorating, and there is an urgent need for a series of policies including credit and exchange rates. These are the past ones. The Chinese government and related industries and enterprises actively promoted during the year.
At the same time, the improvement of China's foreign trade environment has also actively stimulated import demand. According to customs statistics, China’s foreign trade import and export value in September was 218.94 billion U.S. dollars, of which imports were 103.01 billion U.S. dollars, down 3.5% year-on-year and 17% quarter-on-quarter.
However, while seeing positive signs, Chinese foreign trade industry people have called for the need to calmly deal with the recent global market trends. Due to the serious damage, the recovery of the global market will be a slow and tortuous process, and companies must make repeated preparations for the market situation.
Some enterprises believe that one of the priorities of China's governments at all levels in the future is to implement a series of foreign trade support policies introduced this year, so as to promote the current recovery momentum.
Yao Wenping said that on the one hand, some small and medium-sized foreign trade enterprises in China still face the problem of “funding difficultiesâ€. At the same time, international market volatility has also brought increasingly serious export credit insurance risks to Chinese export enterprises and purchasers. The policy is resolved. At the same time, the RMB exchange rate should continue to maintain its current stable posture, which will also have a positive impact on the global market.
Yi Xiaozhun, deputy minister of the Ministry of Commerce, who participated in the largest export commodity fair in China, the Canton Fair, said that people can already see the signs of good foreign trade in China from the opening meeting on the 15th, the stability of future policies on foreign trade. It is very important for the industry to maintain the stability of the policy, at least for some time to come.
He said: "Chinese export companies generally reflect that the demand of foreign buyers has rebounded from the beginning of this year. However, there are still many uncertainties in the current trend of the world economy, which requires people to make more efforts."
The Canton Fair, which has more than 50 years of history and more than 20,000 companies exhibiting, has always been regarded as the "wind vane" and "barometer" of China's foreign trade and global trade trends. According to the latest statistics, as of the 17th, more than 70,000 overseas buyers have attended the meeting, which is nearly 15% higher than that of the last Canton Fair held in April this year.
Wang Zhiping, deputy director of the Canton Fair, said that compared with the previous large-scale orders and short-term orders in the Canton Fair, the international order structure has changed at this fair, and large-scale long-term orders have increased significantly.
Market participants believe that the international market demand has picked up, the positive promotion of the Chinese government's import and export policies and the improvement of Chinese enterprises' ability to cope with the crisis are important reasons for promoting the current favorable situation.
Since the beginning of this year, the Chinese government has successively issued a series of policy measures to maintain stable growth of foreign trade. These policies include improving the level of trade facilitation, steadily promoting the transformation and upgrading of processing trade, improving import and export financial services, expanding domestic demand for products, promoting investment and trade interaction, strengthening and improving multi-bilateral economic and trade relations, and actively resolving international trade frictions. .
Wang Yongli, deputy general manager of Guangdong Silk Group, said that in recent months, China's customs, inspection and quarantine departments have jointly provided enterprises with “customs clearance†services, the tax authorities have also accelerated the export tax rebate review, and the foreign exchange management department has simplified the export foreign exchange verification. Processes, etc., "The measures are so strong that they have never been seen before. These have played a key role in our response to the adverse effects of the crisis and the steady development of foreign trade imports and exports."
Yao Wenping, vice president of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, said that the demand for the international market itself is recovering, but at the same time, the global trade environment is deteriorating, and there is an urgent need for a series of policies including credit and exchange rates. These are the past ones. The Chinese government and related industries and enterprises actively promoted during the year.
At the same time, the improvement of China's foreign trade environment has also actively stimulated import demand. According to customs statistics, China’s foreign trade import and export value in September was 218.94 billion U.S. dollars, of which imports were 103.01 billion U.S. dollars, down 3.5% year-on-year and 17% quarter-on-quarter.
However, while seeing positive signs, Chinese foreign trade industry people have called for the need to calmly deal with the recent global market trends. Due to the serious damage, the recovery of the global market will be a slow and tortuous process, and companies must make repeated preparations for the market situation.
Some enterprises believe that one of the priorities of China's governments at all levels in the future is to implement a series of foreign trade support policies introduced this year, so as to promote the current recovery momentum.
Yao Wenping said that on the one hand, some small and medium-sized foreign trade enterprises in China still face the problem of “funding difficultiesâ€. At the same time, international market volatility has also brought increasingly serious export credit insurance risks to Chinese export enterprises and purchasers. The policy is resolved. At the same time, the RMB exchange rate should continue to maintain its current stable posture, which will also have a positive impact on the global market.
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