it is understood that China's total import and export value in November reached the highest monthly record since statistics were available in 1979 (excluding the total value from January to February at the beginning of each year), achieved positive growth for six consecutive months, and the export growth rate also reached a new high since February 2018. "China has experienced an amazing export boom!" Germany's "Le Monde" said on the 7th that the strong growth of exports exceeding expectations has brought more impetus, and the prospect of China's economy is showing a more optimistic development trend
according to the data released by the General Administration of Customs on December 7, China's foreign trade import and export reached 3.09 trillion yuan in November, an increase of 7.8%. Among them, the export was 1.8 trillion yuan, an increase of 14.9%; Imports reached 1.29 trillion yuan, down 0.8 percent; The trade surplus was 507.1 billion yuan, an increase of 92.6%. Denominated in US dollars, China's foreign trade import and export in November was US $460.72 billion, an increase of 13.6%. Among them, the export was 268.07 billion US dollars, an increase of 21.1%; Imports were 192.65 billion US dollars, an increase of 4.5%; The trade surplus was US $75.42 billion, an increase of 102.9%
the data this time are largely affected by the epidemic. Although the epidemic is serious in foreign countries, with the advent of black five, Thanksgiving and Christmas season, and a series of policies adopted by governments to promote consumption, it has greatly stimulated the purchasing power of foreign countries, which also brings opportunities for many foreign trade enterprises in China to move forward. In the first quarter of 2020, domestic factories were shut down, workers rested at home, and orders received in 19 years could not be completed , the delivery date is far away. With the resumption of work and production, the domestic epidemic has been effectively controlled. According to statistics, more than half of the world's epidemic prevention materials are exported by China. Affected by the second wave of epidemic and the autumn and winter flu season, it is even more difficult to restore the production level before the epidemic. "Made in China" has become the best choice for most countries
however, while China's trade surplus has reached a new high, certain problems cannot be ignored. The trade surplus has increased the cost of foreign exchange reserves and capital outflow. There are always risks in foreign exchange operations in the international financial market, the most obvious of which is the exchange rate risk. Recently, with the continuous appreciation of the RMB, many foreign traders are very helpless, and some enterprises have even lost more than 30 million yuan due to exchange rate problems. Similarly, there is a huge trade surplus The trade surplus may also lead to the rise of domestic prices. The combination of trade surplus and domestic residents' savings leads to the inefficient utilization of social resources
the large foreign exchange reserves caused by the trade surplus are as high as more than 400 billion US dollars. At the same time, the savings of domestic residents are as high as 11 trillion yuan, which add up to more than 14 trillion yuan. These more than 14 trillion yuan have not formed effective investment. They are idle funds in the economy and society. Corresponding to these idle funds are the idle means of production and human resources, and the utilization efficiency of social resources is low. As a result, economic growth and unemployment have coexisted in China
in this regard, foreign traders need to adopt positive policies in the face of different problems, and innovate and adjust themselves to adapt to the general environment