Industry News

2017 foreign trade into the critical stage of conversion!

2017/02/07

Uncertainty in the external environment is increasing


1, the global economic recovery remains fragile.

In 2017, the world economy is still in the depth of the international financial crisis since the adjustment phase. The IMF expects the global economy to grow by 3.4 percent in 2017, slightly higher than in 2016. Among them, the developed countries increased by 1.8%, 4.6% growth in emerging economies, slightly higher than in 2016.


2, the international trade pattern continues to profoundly evolve.

With the restructuring of major economies, the global value chain into the reconstruction period, "consumer - producer countries - resource countries" as the core chain of global trade cycle of major adjustments, profound changes in the path of economic globalization.


Traditional consumer countries, especially the United States, are vigorously promoting the "re-industrialization", part of the McMaster-Carr imported goods and production processes were replaced by domestic production. In some developed countries, transnational corporations shift from offshore production to nearshore, onshore production, shorten the global supply chain, and transfer some high value-added production links back to the market, reducing costs and so on. In the field of economic and trade rules, the multilateral trading system is difficult, the rapid development of free trade zone, the risk of global trade fragmentation.


Down pressure on foreign trade development is still large


1, the international market demand is weak.

Since the financial crisis, investment activity in developed countries in the doldrums, the energy resources, intermediate products, machinery and equipment demand sluggish, making investment in international trade growth slowed significantly.


2, the traditional competitive advantage of foreign trade continues to weaken.

China's foreign trade traditional competitive advantage is weakening, the new competitive advantage has not yet formed, is in the "lean" stage, the industrial development of developed countries and other developing countries facing the "double squeeze."


On the one hand, China and developing countries in the labor-intensive industries more intense competition, the first 8 months of 2016, China's labor-intensive products in the United States and Japan, the market share of imports over the same period in 2015 decreased by 1.4 and 2.6 percentage points, While the same period Vietnamese products in the United States, Japan's import market share increased by 0.7 and 1.2 percentage points.


On the other hand, China and developed countries, capital and technology-intensive areas of complementary relationship will be complementary to the relationship between the development and competition, especially in emerging industries will face more stringent containment of developed countries.


Accelerate the development of new foreign trade momentum


1, the new advantages of foreign trade is accelerating the cultivation.

China's foreign trade enterprises to develop their own international market capacity to further enhance. "Along the way," and international capacity cooperation led the export of equipment manufacturing industry continues to grow, export products, technological content, value-added continuously. Private enterprises to accelerate the pace of transformation and upgrading, technology, brand, quality, service as the core of the new advantages of foreign trade competition is taking shape. Cross-border electronic business, market procurement trade, foreign trade enterprises and other new services to maintain rapid growth.


2, foreign trade development environment is optimized ceaselessly.

A new round of high-level opening up further promoted China to further expand the open area, to promote the construction of seven new free trade pilot zones in Liaoning, the national implementation of the pre-entry national treatment plus negative list management as the core of foreign investment management , And constantly improve the level of trade and investment facilitation and liberalization. China's "along the way" initiative, the international McMaster-Carr capacity and equipment manufacturing cooperation has achieved initial success, a number of major cooperation projects to achieve positive progress.


Overall, in 2017, China's foreign trade development situation is still grim and complex, but also in the pace of structural adjustment, new and old kinetic energy conversion key stage.