The growth of China's foreign trade growth over the past 7 years

2017-12-26

The Minister of Commerce of China, on the 25 national business conference, said that the growth rate of foreign trade has exceeded expectations this year, reaching a new high in 6 years, and the trade structure has been further optimized. In the first 11 months, the export growth of service trade exceeded imports for the first time for the first time in the first 11 months.

The data of the Ministry of Commerce showed that the total trade in goods in China was over 25 trillion yuan in the first 11 months, an increase of 15.6% and a new high of 6 years. Among them, the export ratio of private enterprises continues to increase, the growth of general trade is faster than processing trade, and the growth rate in the central and western regions is faster than that in the eastern region.

"China's foreign trade growth this year is beyond expectations." Zijin Mountain, Minister of the Ministry of Commerce said, in the face of the complex and changing international economic situation, to achieve such a result is not easy for foreign trade.

It is worth noting that the total trade in service in the first 10 months of China was nearly 4 trillion yuan, up 9.9%, and the export growth rate was faster than imports for the first time in 7 years.

Ren Hongbin, director of the foreign trade division, said that foreign trade will be unstable and uncertain factors next year, such as the US refusing to terminate the anti-dumping investigation in China and the geopolitical risks. But we also need to see that the acceleration of global economic recovery, the improvement of China's foreign trade enterprises' innovation capability and the measures adopted by the Central Committee to promote the growth of foreign trade and other factors will be full of confidence in the development of foreign trade next year.

To promote the development of foreign trade, promote trade power construction, the Ministry of commerce foreign trade put forward to accelerate the cultivation of new formats, to enlarge the scope of cross-border electricity supplier comprehensive experimental zone to promote the processing trade; innovation and development; actively implement the import policy, a reasonable increase in the general consumer goods imports; promote the clearance and integration of trade facilitation measures.


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