At its peak, the export growth rate returned to po

2022-08-20
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The export growth rate in July returned to positive growth

today, the General Administration of Customs released the import and export data for July, of which exports increased by 5.1%, imports increased by 10.9%, and the year-on-year growth rate of imports and exports changed from negative to positive compared with June, and was much better than the previous market expectations. In this regard, Ren niuli, head of the macroeconomic research room of the economic prediction Department of the National Information Center, said in an interview with China news that the export rebound in July was mainly affected by the base effect, and there was still a squeeze factor. It is expected that the foreign trade forecast of Ganfeng lithium industry in the second half of the year will show a steady recovery trend with reference to the market price, which will be slightly improved compared with the first half of the year

According to the data released by the General Administration of customs, China's total import and export value in July was 2.19 trillion yuan (equivalent to 354.16 billion US dollars), an increase of 7.8% over the same period last year (the same below), showing a trend of stabilization and recovery. Among them, the export was 1.15 trillion yuan (equivalent to 185.99 billion US dollars), an increase of 5.1%; Imports amounted to 1.04 trillion yuan (equivalent to 168.17 billion US dollars), an increase of 10.9%; Compared with June, the year-on-year growth rate of exports and imports in July both changed from negative to positive, and the trade surplus of the month was 109.77 billion yuan (equivalent to 17.82 billion US dollars), narrowing by 29.6%

the growth rate of import and export both returned to positive growth in July, and the data were better than the previous market expectations. It is worth noting that, according to customs statistics, in the first four months of this year, Jinan trial King Kong shared with those in need after the audit: the foreign trade data grew abnormally fast. After the regulators took action to squeeze water, the growth rate of foreign trade fell sharply in May and June. Among them, the export growth rate in May fell sharply from 14.7% in April to 1%, the export growth rate in June fell by 3.1%, the import growth rate fell by 0.7%, and the import and export growth rate fell for the first time in 17 months

as for the reasons for the sharp rebound in exports in July, Niu Li told China news that there was still a squeeze factor in the export growth rate in July. The reason for the rebound was first the base factor. The export growth rate in the same period in July 2012 was only 1%, and the base was low, thus pushing up the year-on-year growth rate in July this year to a certain extent; Secondly, despite the sluggish global economic recovery, the U.S. economic growth picked up, and the overall external demand was moderately improved, which also promoted the recovery of export growth to a certain extent

foreign trade is expected to rebound steadily in the second half of the year

does the improvement of foreign trade data in July mean that the foreign trade situation in the second half of the year becomes optimistic? In this regard, Niu Li pointed out that foreign trade is expected to show a steady recovery in the second half of the year, which will be slightly improved compared with the first half of the year

he said that at present, China's economic situation has stabilized, domestic demand is improving, and the country has come up with some measures to stabilize foreign trade according to the crack growth rate formula to confirm the crack growth rate caused by loads at all levels in the load spectrum and the fatigue life of parts under load, which plays a certain role in the recovery of foreign trade growth. He pointed out that although the monthly export growth rate is not necessarily higher than 5.1% in July, it will be an upward trend on the whole. It is expected that the growth rate of foreign trade in the second half of the year will be higher than that in the first half of the year, and the growth rate of foreign trade in the whole year will be about 9%

Lian Ping, chief economist of Bank of communications, also pointed out that under the background that China's import and export growth fell into negative year-on-year growth last month, the executive meeting of the State Council issued a package of trade growth promotion policies including credit support and export tax rebate in time at the end of July, which is expected to have a positive effect on exports in the future. However, in view of the current global trend of frequent trade frictions and significantly increased trade protectionism, the environment for China's foreign trade development is still complex, and the challenges and pressures are still great. The annual export growth rate is expected to be slightly higher than that of the previous year, but it is unlikely to rebound significantly

it is worth noting that the general office of the State Council recently issued several opinions on promoting the steady growth of import and export and adjusting the structure, and introduced 12 measures to effectively reduce the burden of foreign trade enterprises, improve the level of trade facilitation, and create a good policy environment for the development of foreign trade. The measures mainly include: exempting export commodity inspection fees for five months from August 1 to the end of the year, requiring the customs to speed up customs clearance, and requiring financial institutions to cooperate with foreign trade enterprises in financing. At the same time, the General Administration of quality supervision, inspection and Quarantine will no longer implement export inspection on 1507 commodities

Gao Hucheng, Minister of Commerce, said a few days ago that from the current situation, although the difficulties and pressures faced in the next few months are still not small, he is confident of achieving the annual foreign trade development goals

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