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Foreign Trade Rebound: Growth Is Expected To Be Significantly Higher In The Second Half Than In The First Half.

2014/7/14 10:20:00 21

Foreign Trade Warming Textile And Clothing Foreign Trade

Data in the first half of the year P also showed a slight increase in exports of traditional labour intensive products. Over the same period, clothing, textiles, footwear, furniture, plastic products, bags and toys and other 7 categories of labor-intensive products total exports 1 trillion and 330 billion yuan, an increase of 1.3%, accounting for 20.4%. 
 2014 semi annual economic interpretation < a href= "http://sjfzxm.com/news/index_f.asp" > foreign trade < /a > /strong > /p >
 after CPI, the transcript of foreign trade in the first half of 10 was also announced. Customs General Administration released data on the 10 day, showing that China's imports and exports showed a gradual warming trend. In the first half of this year, China's import and export decreased by 0.9% compared to the same period last year, of which the growth rate in June has risen sharply from the negative growth at the beginning of the year to 5.6%. 
 the growth rate of import and export of foreign trade has decreased from /strong to /p >
 according to customs statistics, in the first half of 2014, the total value of China's imports and exports was 12 trillion and 400 billion yuan, down 0.9% from the same period last year, of which exports were 6 trillion and 500 billion yuan, down 1.2%; imports 5 trillion and 900 billion yuan, down 0.6%; the trade surplus was 630 billion 610 million yuan, narrowing 6.5%. In the first half of the year, imports and exports, exports and imports increased by 1.2%, 0.9% and 1.5% respectively. 
 data show that import and export is showing a gradual warming trend. In the first quarter, China's import and export value was 5 trillion and 900 billion yuan, down 3.8%. In the two quarter, imports and exports reached 6 trillion and 500 billion yuan, an increase of 1.8%. Among them, in May, China's foreign trade import and export growth slowed down from 1.4% in April to 1.5%, and further expanded to 5.6% in June. 
 the bilateral trade growth of the main trading partners is less than /strong > /p >
 bilateral trade growth for major trading partners. The total value of bilateral trade between China and the EU is 1 trillion and 790 billion yuan, an increase of 9.6%, accounting for 14.4% of China's total import and export value. Bilateral trade with the United States totaled 1 trillion and 570 billion yuan, an increase of 2.8%, accounting for 12.7%. Bilateral trade with ASEAN totaled 1 trillion and 350 billion yuan, an increase of 2.6%, accounting for 10.9%. Bilateral trade with Japan totaled 930 billion yuan, an increase of 1.3%, accounting for 7.5%. The bilateral trade between the mainland and Hongkong was 980 billion yuan, down 24.1%, accounting for 7.9% of the total value of imports and exports of the mainland. 
The data in the first half of the year P also showed that the export of mechanical and electrical products decreased, and the export of traditional labor-intensive products increased slightly. China's exports of mechanical and electrical products 3 trillion and 670 billion yuan, down 3.6%, accounting for 56.4% of the total value of our exports. Over the same period, clothing, textiles, footwear, furniture, plastic products, bags and toys and other 7 categories of labor-intensive products total exports 1 trillion and 330 billion yuan, an increase of 1.3%, accounting for 20.4%. 
 the positive effect of supporting the steady growth of foreign trade is less than /strong > /p >
In the first half of this year, China's foreign trade imports and exports gradually picked up. The growth of import and export value in the two quarter has achieved positive growth, especially in May and June. The growth rate of import and export growth is expanding month by month. Zheng Yuesheng, spokesman for the General Administration of customs, analyzed that the reasons include four aspects: 
 first is policy promotion. In May this year, the general office of the State Council issued some opinions on supporting the steady growth of foreign trade. Subsequently, the Customs General Administration and other departments of the State Council have introduced supporting measures in succession, and Guangdong, Jiangsu and other foreign trade provinces have formulated corresponding implementation plans. A series of policies and measures have boosted the confidence of foreign trade enterprises, and the positive effects of supporting the steady growth of foreign trade are constantly emerging. 
 followed by the stabilization of the economic situation. In June 10th, the World Bank released the global economic outlook report. It is expected that the global economy will gradually accelerate in the second half of this year. The annual growth rate will reach 2.8%, 0.4 percentage points higher than that in 2013, and external demand will further improve, helping foreign trade enterprises to stabilize better. 
 Third, the development and speed up of some new trade formats have become some new highlights to enhance the level of opening up to the outside world. For example, five cities such as Shanghai and Hangzhou have launched cross border e-commerce service pilot projects. The Shanghai free trade pilot area has been officially operated and is running well. 
 in addition, last year's 1-4 months, China's foreign trade import and export base was relatively high, resulting in a negative growth in import and export in the same period this year. Since late April, with the disappearance of these high base effects, China's import and export growth has achieved a positive growth in 5 and June. 
 Zheng Yuesheng believes that these factors will play a further role in the second half of the year. The growth rate of import and export in the second half of this year is expected to be significantly higher than that in the first half. 
 strong > unilateral appreciation is expected to break the pressure of export enterprises to release /strong 
In the first half of this year, since February, the RMB has entered a relatively weak channel of relative exchange rate (P). It is believed that the fluctuation of RMB exchange rate has a great relationship with China's import and export of foreign trade, especially the expectation of unilateral appreciation of RMB exchange rate has been broken, and the exchange rate pressure of export enterprises has also been released. 
 Zheng Yuesheng analysis, since the beginning of this year, China has steadily pushed forward the market-oriented reform of exchange rate. Under the premise of maintaining a basically stable level of RMB exchange rate, we should expand the floating range of RMB exchange rate in an orderly way and enhance the flexibility of RMB exchange rate floating in two directions. In particular, the expectation of unilateral appreciation of the RMB exchange rate has been broken, and the exchange rate pressure of export enterprises has also been released. 
 in recent months, the proportion of enterprises reflecting the increase in exchange rate costs is falling. In the same period, export enterprises also reflected that enterprises most hoped that the RMB exchange rate would remain relatively stable. Zheng Yuesheng suggested that export enterprises should actively use the hedging instruments of exchange rate to reduce the risk of exchange rate fluctuations.