Economy

Leading indicator "spoiler" China's foreign trade has made a good start and will continue to drive strong economic growth

2022-02-15   

Containers are arranged in order, trailers pass in order, and sirens rise and fall. Yantian port in Shenzhen has been particularly busy since the Spring Festival. According to the statistics of Shenzhen customs, since the Spring Festival (from January 31 to February 9), the throughput of Yantian Port has reached 449000 TEUs, and the import and export goods have reached 539500 tons, with a value of 13.863 billion yuan. Since the beginning of the year, China's foreign trade enterprises have stepped up production and accelerated export customs clearance. Leading indicators and high-frequency data show that foreign trade has made a good start this year. Leading indicator "pre happiness" According to the comprehensive export container freight rate index, new export order index and Baltic dry bulk index, China's foreign trade has made a good start. In January, China's export container transportation market continued to maintain a positive trend, and the comprehensive index rose slightly. In January, the average value of China's export container comprehensive freight rate index released by Shanghai Shipping Exchange was 3510.83 points, an average increase of 7.5% over the previous month. Last week, supported by strong ship demand, the Baltic dry bulk index rose nearly 39%, the largest weekly increase since June 2021. On February 11, the Baltic dry bulk freight index (BDI) rose 37 points to 1977, the highest since January 12. Analysts pointed out that there are two main reasons for the sharp rise of the bulk carrier index in the past two days: first, China advocates the local Chinese new year, many enterprises start work ahead of schedule, and the demand for industrial raw materials increases; Second, the demand for coal increased, the industry restarted, and dry bulk cargo began to grab hold. The relatively good external demand is also reflected in the new export order index of manufacturing PMI. The new export order index in January was 48.4%, up 0.3 percentage points from the previous month, higher than the average value in the second half of 2021. According to the analysis of China Logistics Information Center, since 2022, the economic recovery momentum of major European and American countries has continued, driving the stable recovery of demand for Chinese products. Accelerated development of new business forms After completing the customs declaration, a batch of imported equipment to be repaired successfully entered Xuzhou comprehensive insurance zone and entered the warehouse recently. This batch of equipment to be repaired with a value of about 10 million yuan will be declared to leave the country after maintenance. "Although the number is small, it is of great significance." Wang Xingfu, the person in charge of Jiangsu saimit Electronic Technology Co., Ltd. to which the goods belong, said. As a new form of business, bonded maintenance is gathering more new momentum for foreign trade growth. More than 130 bonded maintenance projects built last year attracted more than 24000 jobs. A batch of auto parts exported by Great Wall Motors Co., Ltd. were recently sent to Russia on the China Europe train from Tianjin. In January this year alone, the company exported more than 10 million yuan of spare parts to Russia through the China Europe train at Tianjin port. A batch of 100 TEU daily-use small commodities, solar photovoltaic products and other export goods were transported by railway from Yiwu west railway station to Ningbo Zhoushan port. Recently, they were also shipped to Southeast Asia, Europe and other markets. There are many examples of the rapid development of new business forms such as cross-border e-commerce and bonded maintenance. In 2021, the import and export scale of China's cross-border e-commerce reached 1.98 trillion yuan, an increase of 15%; Market procurement and export increased by 32.1%. Li Kuiwen, spokesman of the General Administration of customs and director of the statistical analysis department, previously said that we should vigorously promote the development of new trade formats, continue to optimize the reform measures of cross-border e-commerce enterprise to enterprise (B2B) export supervision, support the expansion of market procurement trade pilot, and cooperate with relevant departments to complete the acceptance of new market procurement pilot. Foreign trade growth is resilient Recently, the workshop of Lianjiang anbai Furniture Co., Ltd. was in full swing. Recently, the company successfully exported a batch of wood furniture worth 708000 yuan to Japan, ushering in the year of the tiger, and the RCEP market has made a good start. "In recent years, our orders from ASEAN countries and other countries have increased significantly, and our products can enjoy the first dividend in the international market." The person in charge of Lianjiang anbai Furniture Co., Ltd. said that with the official entry into force of RCEP at the beginning of the year, many enterprises enjoy the tax reduction dividends of real gold and silver. Looking forward to 2022, experts believe that China's foreign trade growth is resilient. The China one belt, one road Research Institute, Liang Haiming, said that China's foreign trade will continue to be the driving force for strong economic growth. Especially the entry into force of RCEP will help China shift its role from the low end of the global trade value chain to the high-end role of regional trade value chain, and also hope to strengthen the economic and trade cooperation between the two countries in the Asia Pacific region. "The role of the foreign trade and economic cooperation" is also the key to the development of the Asia Pacific Economic and trade cooperation. The first step is to strengthen the role of China's foreign trade and economic cooperation. The first step is to transform the role of the global trade value chain to the high-end role of the regional trade value chain. The foreign trade and economic cooperation between the two countries is also expected to be strengthened. The first step is to transform the role of the foreign However, the phased factors such as order return and price rise that support the high growth of foreign trade in 2021 may be unsustainable, superimposed with the influence of ultra-high base, there is also pressure on China's foreign trade growth. Ren Hongbin, Vice Minister of the Ministry of Commerce, said earlier that the Ministry of Commerce would make every effort to keep foreign trade within a reasonable range and strive to achieve "stable opening" of foreign trade in 2022; Make every effort to ensure the stability and smoothness of the supply chain of the foreign trade industrial chain, and strive to alleviate the problems such as "blocking and disconnection" of the global industrial chain supply chain; We will spare no effort to help foreign trade enterprises to reduce their comprehensive costs. (Xinhua News Agency)

Edit:He Chuanning Responsible editor:Su Suiyue

Source:Shanghai Securities News

Special statement: if the pictures and texts reproduced or quoted on this site infringe your legitimate rights and interests, please contact this site, and this site will correct and delete them in time. For copyright issues and website cooperation, please contact through outlook new era email:lwxsd@liaowanghn.com

Recommended Reading Change it

Links