Chinas foreign trade still has the growth of economic transformation to make goo

【Ming Pao Society Review】

On the occasion of whether the Sino -US trade war can reach a new variable, China Customs announced that the total imports and exports in the first 10 months of this year increased by 2.4%over the same period last year, exports increased by 4.9%, imports fell 0.4%, trade surplus 2.35 trillion yuan was 2.35 trillion yuanYuan RMB, the total imports and exports throughout the year are expected to remain positive.The key is that in terms of diversification of exports and economic transformation, it still maintains a good direction development momentum. Although the overall economic growth has slowed down, it is still in the healthy development range.

The news released by the United States shows whether the Sino -U.S. Trade Agreement can be signed in the first stage of trade. The main reason is that China is unwilling to make specific commitments to purchase the amount and period of the US agricultural products, while the United States has implemented the implementation of China in protecting intellectual property rights and other measures.There are still doubts.According to reports, China has invited the United States to consult with China, but it is still unknown whether there will be a turnaround.

Sino -US relations encounter difficulties

China still throws olive branches

Chinese President ... Seeing 3 batches of guests within the day before yesterday, it has repeatedly emphasized that China's policy of opening up to the outside world will not change, and Chinese words must be believed, and we must talk about it.It is only that Sino -US relations are at another crossroads, but making such a solemn commitment to the open market is obviously pointed out that it can be understood as a olive branch from the United States.The US President Trump has repeatedly stated that he did not agree to automatically reduce tariffs on China once the agreement was reached, and it seemed that carrots had been hung forward as a bait that finally reached an agreement.

China and the United States increased tariffs on each other, which seriously affected the trade between the two countries. In the first 10 months of this year, the trade volume of the two countries fell by 10.6%., Today the proportion of Sino -US trade volume has dropped to 11.9%.At the same time, China ’s trade with the European Union and ASEAN continued to rise. In the first October of this year, it increased by 8.3%and 11.9%, respectively. The ratio of the European Union and ASEAN trade accounted for 15.5%and 13.8%, respectively.

Sino -US trade frictions have not begun in recent years. China has long been prepared in the diversification of foreign trade. Of course, the EU and ASEAN potential markets are of course the target of China.In addition, China has also created a new trade group, that is, the Belt and Road countries, but in fact to cultivate a new market system. In the first October of this year, the trade value growth rate in the Belt and Road countries reached 9.4%. In the future, as China is in the Belt and Road Initiative, China has all the way in the Belt and Road Initiative.The increase in national investment and trade exchanges, it is believed that its proportion of China's foreign trade market will continue to increase.

Although China's own economic growth has slowed down, it still has huge purchasing power. The foreign exchange income obtained from the trade surplus can boost import.The just -concluded second import expo reached US $ 71.1 billion, an increase of 23%over the previous session.This is a trade channel that China actively added. From the past relying on the Guangzhou Trading Association to promote exports, to organize the Shanghai Import Expo, reverse the entire foreign trade situation, so that international companies including US companies, all must aim at China to buy power China.market.

Although the speed of economic transformation is slow

Still development and promotion

The increase in total import and export depends on the connotation. In the past, China's dependence on export processing products and natural resources earned foreign exchange. It is currently gradually turning to export high -tech products, importing agricultural products and consumer products. This transformation shows the trend and speed of China's economic structure transformation.Today, the export of processing products still accounts for half of the total export value. Although the research and development and quality of high -tech products have gradually improved, there are many resistance to exports.

In the first October of this year, the export products with high value -added, such as integrated circuits, solar energy, power and medical equipment, etc., all of which are higher than the average level, but Chinese fist products that China can take out, such as communication equipment and high -speed rail technology, except for exceptIn addition to the competition of similar products, we must also deal with targeted sniper from the United States. In China, we must completely change this trend. On the one hand, we must improve the competitiveness of the product and fight against it with national comprehensive strength. This is not a simple trade issue.

Throughout the process of the Sino -US trade war, although the conditions for the United States are obviously difficult to be strong and they have to enter, but China still adopts a peaceful attitude, as small as possible, and buy time for economic transformation.In the first three quarters of this year, the added value of high -tech manufacturing in China has increased by 8.7%. Although it is 6.2%higher than the overall economic growth rate, this speed is not satisfactory.

China needs a powerful domestic demand market to support the growth of the overall economy, while cultivating the research and development and production of high -tech products.In the first October of this year, the total retail sales of consumer goods increased by 8.1%. Although the growth rate was signs of decline, China has the highest national savings rate in the world. The question is how to activate and maintain the intention of purchasing.Essence

... Recently, China's economic development has huge toughness, potential, and room for rotation, and the economic development of the economy will not change for a long time; China will adhere to the concept of new development, promote the high -quality economic development, and continue to promote higher levels of opening to the outside world.Bring more opportunities for world economic growth.

The domestic situation is stable. Although foreign relations are currently interfered with Sino -US confrontation, China's development is not on a tree with the United States. Sino -Japanese relations have improved.Former development, the planning of the Belt and Road Initiative is still advancing. These favorable factors are positive. As long as China is urgent to fight against the United States, there is no reason to lose confidence in the transformation of economic development and overall growth.