[China Glass Network] The General Administration of Customs released the import and export of foreign trade from January to April this year. According to customs statistics, in the first four months, China’s total import and export value was 1,100.32 billion US dollars, an increase of 28.5% over the same period last year. Of this total, exports were 555.3 billion US dollars, up 27.4%; imports were 545.02 billion US dollars, up 29.6%. The accumulated trade surplus was 10.28 billion US dollars, a decrease of 32.8%. In April, China’s total import and export value was 299.95 billion US dollars, an increase of 25.9%. Of this total, exports were US$155.69 billion, an increase of 29.9%, setting a record of US$154.12 billion set in December last year; imports were US$144.26 billion, up 21.8%. The trade surplus for the month was 11.43 billion US dollars.
Through these beautiful data, we can see that China's foreign trade situation is still good. Despite the uncertainties from various uncertainties, as the global economic recovery continues, China's foreign trade exports will maintain a stable growth momentum. Doubtful. In a certain sense, structural adjustment will also become an important direction for China's foreign trade import and export this year and beyond.
It is undeniable that since the financial crisis, China’s foreign trade exports have been greatly affected by the international market. Fortunately, under the promotion of relevant policies of the government departments and the efforts of the enterprises themselves, China’s foreign trade exports accounted for the world’s market share. However, it needs to be acknowledged that in the context of the current global easing policy, the prices of raw materials such as commodities will inevitably remain high, and the pressure on the appreciation of the renminbi will be difficult to resolve in the short term, coupled with rising labor costs. It will bring lasting and far-reaching impact to China's foreign trade export enterprises.
As China maintains the "foreign-invested enterprises + processing trade"-based trade structure, on the one hand, it has become a major source of China's trade surplus, and on the other hand, China's economic structure is in the low value chain in the global industrial division of labor system. In this way, China’s massive resources are concentrated in the foreign trade industry, and the development of the domestic market is lagging behind, which in turn leads to an uneven development of China’s economic structure. At the same time, as China's trade scope and share increase, trade frictions continue to rise, and the foreign trade environment continues to deteriorate.
Judging from the production and operation of domestic export enterprises, due to the impact of RMB appreciation this year, the short-term singles accounted for 90% of the just-completed Canton Fair orders. The proportion of short-term orders continued to rise, and corporate transactions were cautious. Affected by factors such as the depreciation of the US dollar, the European debt crisis, the rapid increase in the cost of production factors such as international raw materials and domestic labor, and the difficulty of corporate financing, although overseas buyers are eager to place orders, the profits of exporting enterprises are not high, so they are afraid to avoid losses. Long order. In fact, many foreign trade processing enterprises have once again moved to the hinterland of the central and western regions in order to avoid the impact of the appreciation of the renminbi. It can be seen that the advantages of labor-intensive industries in China are not great.
To change this situation, we must change the way we develop. From the perspective of import and export, we must focus on the "trade balance", from the simple pursuit of quantitative expansion in the past to the pursuit of quality and structural improvement. This requires the gradual expansion of the introduction of advanced technology equipment and service industries while increasing the import of strategic materials and resources including energy, minerals and food. In fact, the Ministry of Commerce’s 2011 spring foreign trade situation report released in late April also pointed out that this year, with the increasing domestic demand, expanding import policy support and rising international commodity prices, import growth is expected to be faster than exports. The trade balance situation will be further improved.
What needs to be guarded is that the foreign trade situation, especially the rapid recovery of the export situation, may increase the inertia of enterprises relying on the existing growth model, thus delaying the pace of foreign trade restructuring and strategic transformation. China should firmly grasp the timing of the deepening of the global economic adjustment and the rise of a new round of technological innovation, and solidly promote the transformation of foreign trade development strategy and the entire economic development strategy.
Undoubtedly, under the circumstances that China's foreign exchange reserves have exceeded 3 trillion US dollars, the structural transformation of foreign trade has become an inevitable choice.
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