Guangdong ranks first in import and export value i

2022-08-03
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In the first half of this year, Guangdong ranked first in terms of total import and export value. Export, investment and consumption are the "troika" driving economic growth. The difficult pace of export in the first half of this year is the main factor leading to the decline of China's economic growth

since November last year, China's export has plunged from a high platform, and the growth rate has dropped sharply to a negative number. In the first half of this year, exports showed a trend of deep decline, with the decline basically maintained at about 20%, and reached 26.4% in May. Although it improved slightly in June, the decline was still 21.4%. From January to June, China completed import and export of 946.12 billion US dollars, a year-on-year decrease of -23.5%

according to the analysis of relevant experts, the shrinking external demand market, trade protectionism and the passive appreciation of RMB are the main reasons for the difficult pace of exports in the first half of the year. The biggest reason for the decline of export in the eastern foreign trade provinces is the contraction of the external demand market; Comparatively speaking, the biggest reason for the decline in the export of resource products from the central and western provinces and regions is that in order to prevent the export of high energy consumption, high pollution and resource products, China has successively adopted measures such as lowering or canceling export tax rebates, imposing export tariffs and listing them in the catalogue of prohibited commodities in processing trade. The total export volume of mineral resources products has shown a significant decline

According to the statistics, in the first half of this year, the total import and export value of Guangdong, the largest province in foreign trade, was 257.87 billion US dollars, which continued to rank first among all provinces, autonomous regions and cities in China, accounting for 27.3% of the total import and export value of the country; The growth rate was 20.7% lower than that of the same period last year, which was less than the 23.5% drop across the country. At the same time, it was also significantly less than that of major foreign trade provinces and cities such as Jiangsu, Shanghai and Beijing; From the monthly trend, the decline of Guangdong's foreign trade import and export has narrowed slowly, and narrowed to the smallest decline since this year in June

according to the data analysis, Guangdong's foreign trade import and export have the following main characteristics: the general trade export grows rapidly, which is higher than the growth rate of the national general trade export; The import and export of processing trade accounted for nearly 40% of the total value of processing trade in China; The total import and export value of foreign-invested enterprises accounts for more than 60% of Guangdong's total foreign trade value; Exports are still dominated by mechanical and electrical products and traditional bulk commodities, while imports of mechanical and electrical products, high-tech products and crude oil have increased significantly; Foreign trade with the five major trading partners of Hong Kong, the United States, the European Union, Japan and ASEAN maintained growth

the reasons for the slow decline in the export of traditional labor-intensive products in Guangdong. Relevant experts pointed out that the competitiveness of Guangdong enterprises and the international market share are generally stable. With the support of policies such as the increase of export tax rebate rate, the international competitiveness of labor-intensive commodities such as clothing, bags, footwear and furniture has become apparent

governments at all levels have introduced new policies to expand exports

in order to stabilize foreign demand and expand exports, government departments at all levels have adopted a series of policies and measures from the central to local levels

first, promote trade facilitation, improve the efficiency of customs clearance and inspection and Quarantine of goods, reduce and exempt the entry-exit inspection and quarantine fees of agricultural products and the export inspection fees of textiles and clothing, and adjust the joint verification system of export collection and settlement of foreign exchange

second, we strengthened fiscal and tax support, increased the export tax rebate rate of some products for seven consecutive times, issued support policies for short-term export credit insurance, reduced the premium rate and expanded the coverage. By the first half of this year, the insurance scale of short-term export credit had increased by about 31%, especially in June, it had increased by more than 100%

third, support small and medium-sized enterprises to explore the international market, cultivate export brands and establish independent marketing networks

fourth, we improved the financial services for import and export, suspended the actual transfer of guarantee funds for Restricted Commodities in processing trade, encouraged and supported credit guarantee institutions to provide guarantees for trade financing of small and medium-sized enterprises, and implemented the policy of expanding the coverage of credit insurance and reducing the insurance premium rate. In the first half of the year, the accumulated underwriting amount of short-term insurance was US $24.2 billion, an increase of 31.5% year-on-year

fifth, create a good international economic and trade environment, pay close attention to the export transactions of important exhibitions, accelerate the construction of free trade zones, actively promote the Doha round of negotiations, resolutely oppose trade protectionism, and successfully deal with many major cases of trade friction

the export of resource products in Western China dropped significantly

statistics show that in the first half of this year, the growth rate of Shanxi's foreign trade import and export fell by 54.6% year-on-year, followed by a decline of 53% in Gansu, 45.8% in Ningxia, 45.6% in Yunnan and 37.7% in Xinjiang

according to the analysis of relevant experts, these provinces mainly export resource products such as coke, coal, magnesium, steel, ferrosilicon and non-ferrous metals. In order to prevent excessive export of resources, China has successively adopted measures such as lowering or canceling export tax rebates, imposing export tariffs, and listing in the catalogue of prohibited industrial and trade commodities that can open the door of anisotropic 3D printing, so as to curb the massive export of mineral resources products, and the total export volume of mineral resources products has shown a significant downward trend. At the same time, the continuous decline of the international economy has led to the contraction of foreign demand, and the devaluation of some countries' currencies has also led to the decline of the competitiveness of export products

in the first half of this year, the growth rate of import and export of Guangdong, Jiangsu, Shanghai, Beijing, Zhejiang, Shandong and Fujian decreased by 16.5%~33.5% respectively, of which Beijing decreased the most; The import and export value of the above seven provinces and cities accounted for 79.8% of the national total import and export value in the same period Take Zhejiang as an example. Zhejiang is a big province in foreign trade, and its economy depends on foreign trade as much as 70%. The global financial crisis has caused "four falls" in the province's foreign trade exports, that is, the export growth continues to fall, the export growth of private enterprises falls, the export growth of major markets such as the United States and Japan falls significantly, and the export of labor-intensive products such as textiles, clothing, furniture, shoes, bags, plastic products and toys falls sharply, which has a very serious direct impact on the province's economy

at the same time, the financial crisis, through the capital market and the real economy, has led to a sharp decline in residents' shares and slower income growth, thus suppressing consumer demand, investment confidence and the investment expectation that enterprises strive to provide policy, capital, technology and talent support industries for enterprises, and also affecting the foreign investment and M & A activities of some multinational companies. The capital chain of some enterprises has broken, which has an impact on the economic and financial security

experts predict that exports in the second half of the year will be better than those in the first half of the year.

"the real improvement of China's export situation ultimately depends on the speed of global economic recovery. At present, the global panic stage has passed, but whether the global economy has begun to recover from this remains to be seen." Zhangxiaoji, Minister of the Foreign Economic Research Department of the development research center of the State Council, said recently

experts believe that in the first half of the year, the decline of China's imports was much narrower than that of exports, indicating that the recovery of domestic demand was significantly better than that of external demand. However, from the perspective of the whole year, the export in the second half of the year may be better than that in the first half of the year, and the decline will gradually narrow

"at present, foreign demand is gradually improving, and China's recent policies to stabilize foreign demand will gradually take effect. In the process of coping with the crisis, provinces and regions have shown strong adaptability and development momentum, which makes people look forward to the export prospects in the second half of the year." Zhangxiaoji believes that considering the improvement of the external market and the time lag characteristics of the policy, the export situation in the third and fourth quarters will improve. However, due to the high base in the same period last year, it is less likely that the year-on-year decline in exports in the third quarter of this year will narrow significantly. At present and for some time to come, the decline in exports caused by the contraction of external demand is still the biggest difficulty facing China's economic growth. Stabilizing foreign trade concerns the employment of tens of millions of people. To this end, while basing ourselves on expanding domestic demand, we need to continue to do everything possible to stabilize external demand

"during the crisis, the international market share of some products in China is still expanding, indicating that there is still room for development in the external market. At present, what is most needed is to effectively implement the national policies to stabilize external demand and work hard on the diversity and diversification of exports." Zhangxiaoji suggested

the drive system of the national development and Reform Commission's foreign economic data tensile testing machine: zhangyansheng, director of the drive system Research Institute of the electronic universal data testing machine, believes that the current contraction in external demand is both cyclical and structural. After the crisis, the world's demand for our products may not be as strong as before the crisis. In the second half of the year, export enterprises should focus on innovation in products, technologies, markets, etc., so as to make it impossible to produce qualified plastic parts, and strive to enhance their competitiveness. The state does not need to issue a new aggregate policy, but should further deepen reform to create a good environment for enterprises to tide over the crisis

how foreign trade enterprises deal with the decrease of orders

relevant experts suggested that although the state has issued corresponding export tax rebate and bank interest rate reduction policies to alleviate the impact of the financial crisis, this only temporarily eased the plight of foreign trade enterprises. Enterprises should find a way out from their own development and economic laws

the impact of the financial crisis on foreign trade enterprises mainly has three points: first, the production and operation costs of enterprises have risen, and the profit space has been tightened. Second, the demand of customers in the European and American markets decreased and orders decreased. Third, the capital chain of the enterprise was cut off, and it was faced with difficulties in recovering overseas loans. Experts suggest that small and medium-sized export enterprises build their own brands and enhance their competitiveness

I. make good use of the working capital, shrink the long-term investment, carefully accept the long-term orders or outstanding orders, and do not expand blindly

II. Manage accounts receivable well and avoid bad and bad debts; For those customers whose payment cannot be returned in time, close monitoring shall be conducted. Abandon these customers if necessary

III. track and feed back the whole process of customer service, ensure that customer service is in place in time, and provide our best support for customers to tide over difficulties

IV. strengthen the internal construction of the enterprise, reasonably allocate employees, give full play to their advantages, avoid layoffs, reduce production efficiency and affect the stability of the company

v. opening up new markets, such as Russia, India, central and South America, etc

VI. build an independently operated e-commerce platform, integrate resources and promote overseas

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