the most important thing to stabilize foreign trade is to stabilize the main body of foreign trade. What is the follow-up trend?



the latest data released by the General Administration of Customs on June 7 showed that China's foreign trade import and export reached 2.47 trillion yuan in may, a year-on-year decrease of 4.9%, which was larger than the decrease of 0.7% in April. Among them, exports reached 1.46 trillion yuan, an increase of 1.4%; Imports reached 1.01 trillion yuan, down 12.7%

overall, in the first five months of this year, the total import and export value of China's goods trade was 11.54 trillion yuan, a year-on-year decrease of 4.9%, which was the same as that in the first four months. Among them, the export was 6.2 trillion yuan, down 4.7%; Imports reached 5.34 trillion yuan, down 5.2%

GAO Feng, spokesman of the Ministry of Commerce, admitted at a regular press conference on June 4 that we are also closely monitoring and judging the trend of China's foreign trade in the next step. At present, there are still many uncertain and unstable factors. At the same time, China's foreign trade development has strong toughness, sufficient potential and large room for maneuver, and the long-term development trend has not changed

as the peak mentioned, there are still many uncertain and unstable factors in China's foreign trade in the next step. Therefore, the 2020 government work report also mentioned that we should promote the basic stability of foreign trade and support the transfer of export products to domestic sales

when attending the "Ministerial channel" of the 2020 national two sessions, Zhong Shan also mentioned that from the perspective of foreign trade, the most important thing is to stabilize the main body of foreign trade. At present, there are more than 300000 foreign trade entities in China, including private enterprises, state-owned enterprises and foreign-funded enterprises. Facing the impact of the epidemic, these enterprises have encountered unprecedented difficulties. Some enterprises can solve these difficulties through their own efforts, and some need the help of the government. The CPC Central Committee and the State Council attached great importance to it and provided policy assistance and support from the aspects of Finance and taxation, finance and insurance, industrial chain and supply chain, which not only reduced the pressure of enterprises, but also stimulated the vitality of enterprises. We believe that as long as the main body of foreign trade can be stabilized, China's foreign trade will be stabilized and developed

looking forward to the future, pan Xiangdong believes that there is still pressure on the short-term export growth rate to continue to decline, which is also one of the main factors restricting the speed of subsequent economic repair. At present, the overseas economic recession is on a quarterly level, and the recession deepened from March to April. The marginal improvement in May is still in recession, and the new export orders of PMI are at a very low level in history. At the same time, with the recovery of the supply capacity of core countries, the phenomenon of high growth rate of export of epidemic prevention materials is difficult to continue, and the export demand of some ICT products will continue to weaken. Therefore, there is still pressure on the short-term export growth rate to continue to decline, Due to the multiplier effect of export, it has an impact on investment and consumption. After the full resumption of work and the slowdown of demand compensated repair, export will restrict the speed of economic repair. The optimism is that after the impact of the quarterly recession on exports from overseas economies is fully realized, due to the resumption of work and production in Europe and the United States and other developed countries, we expect that the European and American economies will expand significantly from June, the "darkest hour" of foreign demand will soon pass, the economies of core countries will show resonance repair, and China's economic repair may accelerate again

The Research Report of BOC Securities said that due to the impact of the global economic recession, China's import and export volume is expected to have a negative growth rate this year, but the decline of import and export is weaker than the global average. The main reasons include that China's epidemic has been basically controlled and has taken the lead in promoting enterprises to return to work and production. The economy has a comparative growth advantage in the world; China has been deeply embedded in the global industrial chain supply chain. Therefore, the import and export trade of other countries (even the minimum import and export trade) will promote China's trade growth to a certain extent; As China has the advantage of complete industrial categories, the interruption of industrial chain and supply chain in other countries is conducive to enhancing the substitution capacity of Chinese products

Beijing News reporter Pan Yichun editor Chen Li proofread Li Ming

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