It is recommended to increase foreign trade support

According to the latest report from the Ministry of Economic Forecasting of China's State Information Center, China's export growth rate is about 5% in the second quarter, and the import growth rate is about 4.5%. It is suggested that foreign trade support efforts be strengthened to optimize the structure of export products and promote the construction of the free trade area.

At the beginning of this month, the group’s macroeconomic situation research group predicted that in the second quarter, China’s exports will increase by about 10%, imports will increase by about 8%, and the foreign trade surplus will reach US$128 billion.

The report published in the China Securities Journal on Monday pointed out that since the beginning of this year, China’s import and export have turned from a sharp increase in the same period in 2012 to a decline, which is the first negative growth after 2009. The drop in high-tech products was relatively large, and the contribution of private enterprises to import and export declined. The potential level of domestic growth has dropped, and the world economy has grown moderately. The growth rate of China’s foreign trade has gradually declined to the low- and middle-range growth rates.

The report believes that the United States withdrawal from the quantitative policy will lead to international capital flows to developed markets, will not cause significant impact on China, but will also have a significant impact on the exchange rate and other aspects, making it difficult for China's monetary policy, foreign trade and other work .

“*** The increase in actual effective exchange rate pressure has decreased, and the possibility of two-way exchange rate fluctuations has increased. However, over the past two years, the exchange rate of the *** exchange rate has exceeded the overshoot. According to experience, the impact on exports will be lagging behind in the next two years. ."

The report also proposes to promote technology upgrading and optimize product structure; promote the construction of free trade zones and explore new modes of international cooperation; implement foreign trade policies, increase foreign trade support, and further reduce or reduce advanced technology equipment, key components and some consumer products. Import taxes and fees.

In April, China’s exports increased by 0.9% year-on-year, and imports rose by 0.8% year-over-year, which was better than the 1.7% decline and 2.3% drop from the Reuters survey. The current month’s trade surplus was US$18.45 billion, which was also higher than Reuters’ estimated surplus of US$13.9 billion. From January to April, China's exports fell by 2.3% year-on-year, while imports increased by 1.4%. The trade surplus was 35.24 billion US dollars, a decrease of 41.4%.

The State Council of the People's Republic of China issued a policy of stabilizing foreign trade growth on Thursday, proposing that it will further strengthen imports, expand domestic shortages of resource imports, and expand crude oil import channels; at the same time, it will stabilize traditional superior product exports, maintain stable growth in trade in goods, and support the development of service trade.