Authoritative Interpretation Of The Foreign Trade Division Of The Ministry Of Commerce: Before October, China'S Foreign Trade Improved Steadily.

In November 12th, the director of the foreign trade division of the Ministry of Commerce introduced the situation of China's foreign trade in 2019 1-10.

The CPC Central Committee and the State Council attach great importance to foreign trade work. In October 23rd, Premier Li Keqiang chaired a executive meeting of the State Council, and deployed to further stabilize the foreign trade work, and promote stable and upgrading imports and exports. Facing the complex and severe development environment of foreign trade, the Ministry of Commerce has resolutely implemented the decision making arrangements of the CPC Central Committee and the State Council, firmly carried out the work of "stable foreign trade", vigorously promoted the "five optimization" of international market layout, domestic regional layout, commodity structure, main business and trade mode, and continuously promoted the "three constructions" such as the transformation and upgrading base of foreign trade, the international marketing network and the trade promotion platform, and actively promoted the development of high quality trade. All the work achieved positive results, and the development of foreign trade was steadily improved in 1-10 months.

The scale remains stable. In 1-10 months, China's total import and export volume was 25 trillion and 630 billion yuan, an increase of 2.4%. Among them, exports were 13 trillion and 990 billion yuan, an increase of 4.9%; imports of 11 trillion and 640 billion yuan, a slight decrease of 0.4%; trade surplus of 2 trillion and 350 billion yuan, an expansion of 42.3%. From an international comparison, according to the latest WTO data, the growth rate of imports and exports in the first 8 months is higher than the average growth rate of the world's major economies.

The structure is continuously optimized. The layout of the international market is optimized, and the growth of imports and exports of the countries along the belt and road has increased by 9.4%, representing a 4.1 percentage point increase to 29.1% in 2013. The domestic regional layout optimization, the central and western region's export growth 13.8%, higher than the overall export 8.9 percentage points, accounting for the same period last year increased 1.4 percentage points to 18.1%. Commodity structure is constantly optimized, and the export of mechanical and electrical products accounts for 58.3%. Among them, exports of high quality, high technology and high value added products such as integrated circuits, photovoltaic, excavators and medical devices have maintained rapid growth. Seven categories of labor-intensive products increased by 6.1%. Among them, toys, textiles and footwear grew by 32.2%, 5.5% and 5.4% respectively. Business owners continue to optimize, private enterprises export growth of 12.8%, an increase of 3.6 percentage points to 51.3%, pulling export growth by 6.2 percentage points. Trade structure was further optimized, and general trade exports increased by 8.5%, representing a 1.9 percentage point increase to 58.2% over the same period last year, contributing 97.6% to export growth.

Power transformation accelerated. We will further develop new modes of trade and new industries, push forward the pilot construction of cross border e-commerce comprehensive pilot areas and market procurement trade, and introduce relevant policies to improve taxation and other fields. New modes of trade and new industries such as cross-border electricity suppliers, market purchases and other industries will flourish, and the growth rate will be higher than the national average level. We should speed up the export of second-hand cars, further streamline the process of transfer of vehicles, license applications, customs clearance, and so on, so as to create a convenient environment for second-hand car exports. Vigorously promote bonded trade and maintenance projects in advance.

At present, the new round of reform and opening up has injected new vitality into the development of foreign trade. The second China International Import Fair has been successfully held, decentralization and decentralization have been pushed forward, the dividend policy has been gradually released, business environment has been continuously improved, and the sense of enterprise policy has been enhanced. According to the world bank's business environment report 2020, the ranking of our business environment jumped 15 to thirty-first. Questionnaire survey shows that more than 70% of enterprises are satisfied with the implementation of the stable foreign trade policy. Next, we will take Xi Jinping's new socialist ideology with Chinese characteristics as the guide, adhere to the general keynote of steady progress and strive for stability, confidence and stability, and promote the development of high quality trade.