The situation of “double down†in the growth rate of imports and exports in January has aroused great concern from relevant departments. Shen Danyang, spokesman of the Ministry of Commerce, revealed at a press conference on the 16th that the Ministry of Commerce will hold a national import and export work conference next week to study and deploy the next step to stabilize growth, adjust structure and promote balance. "At present, we are working with relevant departments. Study the specific policy measures to maintain stable growth of foreign trade." The foreign trade situation in the first quarter is severe According to customs statistics, in January 2012, China's foreign trade import and export value totaled 272.6 billion US dollars, down 7.8% year-on-year. Of this total, exports were US$149.94 billion, down 0.5%; imports were US$122.66 billion, down 15.3%. "Simple on the data, it is indeed the simultaneous decline in imports and exports. This is a situation that has not been seen for many years." Shen Danyang said that there are two main factors in our analysis: First, the impact of the holiday effect on the New Year's Day and the Spring Festival holiday in January. Second, it is related to the tightening of the internal and external environment of foreign trade development, especially the decline in foreign demand. According to the past rules, due to the Spring Festival factor, foreign trade will experience varying degrees of fluctuations in the first quarter. "The legal working day in January this year was only 17 days, 4 days less than the same period of last year. Therefore, the year-on-year data does not indicate the trend of foreign trade development." Shen Danyang said that the General Administration of Customs deducted the holiday factor estimates, and the import and export growth in January was 6.2. %, exports increased by 10.3%, and imports increased by 1.5%. But even with the adjusted data analysis, the growth rate of imports and exports continued to decline in the previous months. For the foreign trade situation in the first quarter, Shen Danyang pointed out that due to the downward pressure on the world economy, the external environment faced by import and export is tightening, and the overall situation is still relatively grim. According to Shen Danyang, the export growth is weak, mainly due to the weak economic growth of China's major trading partners such as the United States, Europe and Japan, the decline in consumer demand, the high unemployment rate, and the decline in import demand, especially the decline in demand for consumer products. Take China's largest export market, the EU, which accounts for nearly one-sixth of China's export market, but last year my export growth to the EU was less than the average increase of nearly 6 percentage points. In January this year, exports to the EU continued to decline, down 3.2%. . This has significantly lowered the overall export growth rate. "From the perspective of imports, because of the slowdown in domestic and foreign demand, the expansion of imports is also facing relatively large constraints. The foreign trade situation is indeed not optimistic." Shen Danyang said. However, he also pointed out that we can't just rely on one month's data to conclude that the so-called turning point has arrived, and we can't assume that the annual foreign trade growth will continue to decline. The specific measures for studying stable foreign trade take into account the “double down†of import and export and the increase of unstable factors. The market is concerned about whether the Ministry of Commerce will study some policy measures in the near future, especially the steady export measures. “The answer is yes.†Shen Danyang said that the relevant leaders and the Ministry of Commerce recently paid close attention to the import and export situation in January. Last week, Minister of Commerce Chen Deming specially went to Anhui to investigate and listen to the opinions and suggestions of foreign trade enterprises. The stability and continuity of foreign trade policy will be maintained. According to Shen Danyang, the Ministry of Commerce is preparing to hold a national import and export work conference in Jiangxi next week to study and deploy the next step to stabilize growth, adjust structure and promote balance. "At present, we are working with relevant departments to study specific policy measures to maintain stable growth of foreign trade, from easing corporate financial pressures, reducing corporate burdens, helping companies cope with trade frictions, improving export credit risk protection mechanisms, and improving trade facilitation levels. On the one hand, we will support enterprises to tide over the difficulties. At the same time, we will continue to actively promote the policy of import expansion and strive to promote the balanced development of foreign trade. Shen Danyang said.
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