The Steady Growth of Foreign Trade and Continuous Enhancement of Endogenous Motivation

 China's total import and export value increased by 4.2% in the previous July by 17.41 trillion yuan.

According to the data of the General Administration of Customs on the 8th, from January to July this year, the total value of China's import and export of goods trade was 17.41 trillion yuan, an increase of 4.2% over the same period last year (the same below). Among them, the growth rate of private enterprises'import and export reached 11.8%, which has been an important driving force for our foreign trade.

Specifically, in the previous July, China's foreign trade exports increased by 6.7%, imports by 7.93 trillion yuan, an increase of 1.3%, and trade surplus by 1.55 trillion yuan, an increase of 47.4%.

Li Quiwen, Director of Statistics and Analysis Department of the General Administration of Customs, said that China's economy still had a resilient base under the situation of increasing risks and challenges at home and abroad, and its foreign trade and imports had maintained a steady growth in the first seven months.

Data also show that in July, China's total import and export value was 2.74 trillion yuan, an increase of 5.7%. Among them, export was 1.53 trillion yuan, an increase of 10.3%; import was 1.21 trillion yuan, an increase of 0.4%; trade surplus was 310.26 billion yuan, an increase of 79%.

"The growth rate of import and export in July has obviously rebounded, and the trade surplus has expanded. Among them, the increase in exports to the EU and ASEAN is the main driving factor for export rebound. Wu Qi, senior researcher of Pangu think tank, told the economic reference daily that in addition, in the past 7 months as a whole, the potential of trade cooperation between China and the countries along the "belt and road" continued to be released, and the import and export of foreign trade became more diversified.

According to customs statistics, in the first 7 months, China's total imports and exports to the countries along the belt and road increased by 10.2%, up 10.2% percentage points higher than the national total growth rate, accounting for 28.9% of the total value of our foreign trade, and the proportion increased by 1.6 percentage points.

At the same time, China's imports and exports to major markets such as the EU, ASEAN and Japan have also maintained steady growth. In the first seven months, the EU was China's largest trading partner, with a total trade value of 2.72 trillion yuan, an increase of 10.8%, accounting for 15.6% of China's total foreign trade. ASEAN is China's second largest trading partner. Its total trade value with ASEAN is 2.35 trillion yuan, an increase of 11.3%, accounting for 13.5% of our total foreign trade value. The total value of Sino-Japanese trade is 1.21 trillion yuan, an increase of 1%, accounting for 6.9% of the total value of our foreign trade.

In addition, from the perspective of the main body of foreign trade, the import and export of China's private enterprises are growing rapidly, and the proportion of private enterprises continues to increase. In the first seven months, private enterprises imported and exported 7.31 trillion yuan, an increase of 11.8%, accounting for 42% of China's total foreign trade value, an increase of 2.9 percentage points over the same period last year. Over the same period, foreign-invested enterprises imported and exported 7.01 trillion yuan, down 1.2%, while state-owned enterprises imported and exported 3.03 trillion yuan, up 0.8%.

"Private enterprises have become the main force to promote China's foreign trade, which shows that China's international competitiveness in foreign trade has been enhanced and its endogenous power has been enhanced." Wu Qi said that to further develop the endogenous power of private enterprises, it is necessary to further optimize the technological innovation and investment and business environment of private enterprises, promote independent innovation of private enterprises, improve labor productivity, and produce better quality goods. At the same time, it is necessary to accelerate the optimization of the trade structure of private enterprises and promote the development of services of private enterprises. Trade.

Regarding the overall situation of foreign trade in the second half of the year, Li Quiwen said that the opening door of China is wider and wider, and the effect of stable foreign trade policy is constantly emerging, which will more effectively promote the transformation and upgrading of foreign trade and enhance the vitality of enterprises. This year, China will further improve the level of trade facilitation, continue to optimize the business environment at ports, assist foreign trade enterprises in light loading, and promote steady and progressive development of foreign trade.