Give full play to the supporting role of foreign trade in economic growth Export

Release date 2024-11-29 15:16:39 Reading 5

　　Give full play to the supporting role of foreign trade in economic growthused excavator used excavator used excavator

　　Export, along with investment and consumption, is one of the "three pillars" driving the economy. Recently, the executive meeting of the State Council approved the "Several Policy Measures to Promote Stable Growth of Foreign Trade". Several experts stated in interviews with Economic Daily reporters that the policies introduced this time have a wide coverage and strong targeting, which will help consolidate and enhance China's foreign trade competitiveness, and further play an important supporting role in the economy through foreign trade.used excavator used excavator used excavator used excavator

　　Export share remains stableused excavator used excavator used excavator used excavator used excavator

　　In the first 10 months of this year, China's total import and export volume reached a record high of 36.02 trillion yuan, fully reflecting the resilience and vitality of China's industrial and supply chains. The share of China's exports in the global market has remained relatively stable. The import and export of goods trade, especially the rapid development of foreign trade in the industrial sector, has made outstanding contributions to stabilizing industrial growth.

　　In November, the Yiwu China Europe freight train celebrated its 10th anniversary of operation. As of now, the annual number of Yiwu China Europe freight trains has exceeded 1100, and the annual transportation value has increased from the initial 92 million US dollars to 2.62 billion US dollars. The types of transported goods have grown from nearly 10000 to nearly 50000, and the export source structure is gradually transforming towards high value-added and high-tech products such as automotive parts, smart home appliances, photovoltaic modules, and new energy vehicles.used excavator used excavator used excavator used excavator

　　Zhu Caihua, a professor of the Institute of International Economics of the University of International Business and Economics, said that in the past 10 years, China has been continuously promoting economic restructuring and power transformation, which is making China move from a big country in trade in goods to a powerful country in trade. Its symbol is that the proportion of high-tech, high value-added products with independent and controllable industrial products is increasing.used excavator

　　China is currently in a critical period of consolidating its status as a major trading nation and solidly promoting the construction of a strong trading nation. Wang Shouwen, International Trade Negotiator and Deputy Minister of Commerce of the Ministry of Commerce, stated that since the beginning of this year, China's foreign trade development has maintained a good momentum of overall quality improvement and stable quantity.used excavator used excavator used excavator

　　Looking ahead, China's foreign trade can still maintain a steady growth trend. Overall, the growth of foreign trade has many favorable conditions. This year's global trade situation is slightly better than that of last year. In addition to the overall stable operation of China's domestic economy, the continuous release of dividends from the tariff concession policy of the Regional Comprehensive Economic Partnership Agreement, and the deepening and implementation of the joint construction of the "the Belt and Road", it will contribute to the steady development of China's foreign trade. Zhu Caihua said that there are some favorable factors for foreign trade from the end of this year to the beginning of next year. For example, the upcoming Christmas has a significant driving effect on exports in the last two months of this year.

　　Consolidate and enhance foreign trade competitiveness

　　Green trade is another new driving force for China's foreign trade product innovation and structural upgrading. Foreign trade enterprises actively follow the trend of green trade and transform the concept of green and low-carbon into high-quality products through innovation, making important contributions to the world's response to climate change.used excavator used excavator used excavator used excavator used excavator used excavator used excavator

　　The Ministry of Commerce will work with relevant departments to formulate and issue specialized policy documents to expand green trade, "said Wang Shouwen. It is understood that relevant documents will plan practical measures to enhance the green and low-carbon development capabilities of foreign trade enterprises, expand the import and export of related products, establish a sound support and guarantee system, and create a favorable policy environment for expanding green trade.

　　"The People's Bank of China will continue to increase financing support for low-carbon transformation, and guide financial institutions to increase credit support for equipment upgrading and green technology transformation of qualified foreign trade enterprises," said Liu Ye, head of the International Department of the People's Bank of China. At the same time, financial institutions are encouraged to provide financial support and services for the low-carbon transformation of industries related to foreign trade security, such as transportation and warehousing.used excavator used excavator used excavator used excavator used excavator

　　He Hailin, the head of the Operations Monitoring and Coordination Bureau of the Ministry of Industry and Information Technology, introduced that focusing on the problems faced by some small and medium-sized enterprises in "going global", such as insufficient capacity, poor channel information, and weak risk prevention ability, service agencies are organized to accurately connect with small and medium-sized enterprises with the intention of "going global" and provide professional services.

　　"The export of high-end manufacturing products such as automobiles and ships is bound to be accompanied by follow-up services such as technical maintenance and personnel training, which provides an opportunity for China to develop new service trade. The relevant policies and measures to facilitate cross-border exchanges of business personnel are just the timely rain to promote the development of service trade." Zhu Caihua said. As of now, China has signed visa exemption agreements with 157 countries and regions covering different types of passports.used excavator used excavator used excavator used excavator

　　Zhao Fujun, Director of the Comprehensive Research Office of the Foreign Economic Research Department of the Development Research Center of the State Council, stated that the policy proposed this time to promote the development of cross-border e-commerce, green trade, and innovative development of bonded maintenance is of great significance for accelerating the cultivation of new foreign trade momentum.used excavator used excavator used excavator used excavator used excavator

　　Foreign trade will continue to move forward under pressureused excavator used excavator used excavator

　　Data shows that from 1995 to 2014, the growth rate of global trade was more than twice that of global GDP. However, in the past decade, the growth rate of global trade has been lower than that of global GDP. In recent years, globalization has encountered setbacks and trade protectionism has become prevalent. Along with the growth of China's foreign trade, it also faces many external challenges, such as the transfer of some industries and the relocation of supply chains driven by factors such as cost and geopolitics, which have led to significant competitive pressure on China's foreign trade exports from relevant countries in terms of cost. In addition, in some countries and regions, there are risks such as large exchange rate fluctuations, low compliance capacity, multiple settlement obstacles, and market instability.

　　Xu Yingming, Director of the International Market Research Institute of the Research Institute of the Ministry of Commerce, stated that China's foreign trade will continue to be under pressure due to factors such as trade protectionism and geopolitical conflicts.used excavator used excavator used excavator

　　In the face of challenges, we should continue to accelerate the construction of a unified national market and continuously expand the advantages of the domestic market scale. Promote technological innovation and industrial transformation and upgrading, continuously consolidate trade competitive advantages. Promote the transformation from "trade oriented going global" to "ecological going global", that is, promote the transformation of some goods trade into investment and other cooperation models, thereby promoting the transformation of goods trade advantages into service trade and digital trade advantages. In addition, trade barriers and frictions should be properly addressed, and efforts should be made to accelerate the expansion of emerging markets.used excavator used excavator used excavator used excavator used

　　Xu Yingming stated that the "Policy Measures" introduced this time will provide support in increasing financial support, strengthening new drivers of foreign trade, and enhancing service guarantees for foreign trade enterprises. This will provide more powerful risk protection and lower cost financial support for foreign trade enterprises, help enhance their ability to cope with exchange rate fluctuations, further meet the financial service needs of new foreign trade formats, and promote the formation of new growth points for foreign trade

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Give full play to the supporting role of foreign trade in economic growth Export

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