Ministry of Commerce: It is unlikely that foreign trade will rebound sharply this year.

June 18, 2019

Abstract The Ministry of Commerce recently released the "China Foreign Trade Situation Report (Spring 2013)". The report analyzes the development trend of China's foreign trade in 2013. In 2013, the domestic and international environment facing China's foreign trade development is expected to improve compared with the previous year, but the constraints are intricate...
The Ministry of Commerce recently released the "China Foreign Trade Situation Report (Spring 2013)". The report analyzes the development trend of China's foreign trade in 2013. In 2013, the domestic and international environment facing China's foreign trade development is expected to improve compared with the previous year, but the constraints are complex, and the challenges and pressures are still large. If there is no major change in the external environment, China's import and export will continue to grow steadily throughout 2013, and the growth rate is expected to be slightly higher than that of the previous year, but it is unlikely to rebound sharply.

The report reviews China's foreign trade operations in the first quarter of 2012 and 2013. In 2012, China's foreign trade development faced multiple difficulties and pressures such as sluggish external demand, rising costs and increased friction. The growth rate of imports and exports fell to single digits. In response to the unfavorable changes in the situation, the Chinese government timely issued policies and measures to stabilize foreign trade growth. The growth rate of foreign trade has stabilized and rebounded. The share of imports and exports in the international market has further increased. The pace of transfer and restructuring has accelerated, and the quality of development has steadily increased. In the first quarter of 2013, the demand in the international market has picked up, and the effectiveness of the “stable foreign trade” measures continues to emerge, and China’s foreign trade has maintained a rebound.

The report pointed out that China will maintain the continuity and stability of its foreign trade policy and continue to implement various policies and measures to stabilize foreign trade growth. On this basis, we will focus on the long-term, accelerate the transformation of foreign trade development mode and structural adjustment, encourage enterprises to increase investment in technological innovation, improve product quality, establish an international marketing network, actively explore emerging markets, and promote transformation and upgrading of processing trade and gradient transfer. At the same time, further expansion of imports will promote balanced development of foreign trade.

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