"Zigzag" Fluctuation Does Not Change The Overall Stable Situation Of Foreign Trade.

Since the beginning of this year, China's imports and exports have started under pressure. In the first quarter, exports and imports dropped slightly. After entering the two quarter, the situation slightly improved. During the quarter, export growth increased from minus to 0.6%. In the third quarter, imports and exports, exports and imports increased by 1.1%, 0.4% and 2.1% respectively.

Huang Songping, a spokesman for the General Administration of customs, said that although the absolute size of foreign trade was still down 1.9% in the first three quarters of the year, there were obvious signs of stabilization at the bottom.

In addition to gradually stabilizing the trend, the trend of foreign trade also has differentiation.

Data show that in the first 10 months, China's growth in imports and exports to EU, ASEAN, Japan and other trading partners declined to the US import and export.

The General Administration of Customs released data on 8 days. In October, the value of China's imports and exports dropped by 0.6% compared with the same period last year.

Analysts believe that the current signs of steady foreign trade are gradually showing signs, but the international economic recovery is weak and traditional.

The challenges such as weakness and weakness still exist, and the foundation for stabilizing foreign trade remains to be further strengthened.

Data show that in October, the total value of China's imports and exports was 2 trillion and 50 billion yuan, down 0.6% from the same period last year.

Among them, exports dropped by 3.2% and imports increased by 3.2%.

Compared with last month, import and export value and export year-on-year decline narrowed, import growth slightly expanded.

"From the monthly data, foreign trade continues to be" zigzag "in the past more than 20 months, but the growth center is slowly rising, and the overall steady trend of foreign trade has not changed.

Bai Ming, deputy director of the International Market Research Institute of the Ministry of Commerce, said.

Bai Ming believed that

The decline is mainly due to the return of US manufacturing industry, the adjustment of international industrial layout and the rise of trade protectionism.

The promotion of international capacity cooperation and the "one belt and one way" strategy has become an important factor in promoting the growth of trade between China and the European Union and ASEAN.

But the foundation for supporting the stability of foreign trade is still not solid.

Data released on the same day showed that in October, the leading index of China's foreign trade was 35.6, ending a 3 month rally, a slight decrease of 0.2 from the previous month.

"There are still many external uncertainties facing China's foreign trade. At the same time, China's foreign trade has not completed the pformation from traditional competitive advantage to international competitive advantage."

Bai Ming said,

The recovery is still weak, and the challenges facing foreign trade can not be taken lightly.

The Ministry of Commerce International Trade and Economic Cooperation Research Institute recently released a report that, considering the generally higher import and export base after September 2015, the pressure on imports and exports in the fourth quarter is still larger.

Fourth quarter is the peak season for foreign trade, Christmas and new year's day will be concentrated on exports, and exports are expected to remain stable for the better.

At the same time, the overall prices of major imports rebounded, forming a certain support for imports.

However, the import growth of the fourth quarter will continue to run at a low level, due to the continued decline in processing trade and other factors.

In view of the complex situation facing foreign trade, China has recently announced that the export tax rebate rate of more than 400 kinds of products, such as electromechanical products and refined oil, will be increased to 17%, and it will be implemented in November 1st.

Experts believe that this is a policy of "real gold and silver", which has helped to stabilize China's foreign trade.

Huang Songping said that the difficulties faced by China's foreign trade are not short-term, and the traditional competitive advantages of foreign trade have weakened.

In the future, we must face the complex and changeable international and domestic economic situation and import and export environment more vigorously, and strive to build a new system of open economy, and pay more attention to fostering new competitive advantages in foreign trade with technology, brand, quality and service as the core.