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Jan 12, 2018

Customs: China's Foreign Trade Materials In 2018 Is Difficult To Maintain Double-digit Growth

State Council Information Office held a news briefing on the import and export of 2017 today. Huang Songping, spokesman for the General Administration of Customs, said that influenced by factors such as the uncertainties in the international environment and the large base last year, the foreign trade maintained a double-digit high Increase the difficulty of increasing. It is expected that this year's import and export of China's foreign trade will continue to grow, and its quality and efficiency will be raised.


The following is a text record:


China News Service: Will you feel that the quality and efficiency of China's foreign trade are growing rapidly in 2017? In addition, what is your expectation on the situation of China's foreign trade in 2018? Thank you.


Huang Songping: Thank you for your question. In 2017, China's foreign trade import and export achieved a rapid growth of 14.2% and the quality and efficiency of its foreign trade development further improved.


First, enhance the capacity of independent development. The import and export of general trade with a long domestic industry chain and high added value increased by 16.8%. The growth rate was 2.6% higher than the growth rate of the overall import and export and the proportion was 1.3% more than that of the same period of last year. Second, more diversified trading partners. The import and export of traditional markets such as Europe, the United States and Japan increased by 14.8%, while that of the emerging markets such as Latin America and Africa increased by 22% and 17.3% respectively. Third, the performance of the main market active. The import and export of various types of enterprises all achieved double-digit growth. Among them, the import and export of private enterprises increased by 15.3%, contributing the highest rate of China's total import and export growth, reaching 41.2%. The internal dynamics of foreign trade development increased. Fourth, more coordinated regional development. The import and export of central and western regions increased by 21%, higher than the national growth rate of 6.8%. The share of imports and exports in the country increased by 0.8% over the same period of last year. Fifth, product structure optimization. The export of some high value-added electromechanical products and equipment manufacturing products maintained a good momentum of growth. For example, exports of automobiles increased by 27.2%, computers increased by 16.6% and medical instruments and instruments increased by 10.3%. This shows that the capability of independent innovation of enterprises in our country has gradually increased and new advantages in international competition have gradually taken shape appear. In terms of imports, the import of energy and resource-based products maintained steady growth. For instance, the imports of crude oil, iron ore and natural gas increased by 10.1%, 5% and 26.9% respectively, while the imports of some key equipment and key components and consumer goods enjoyed a rapid growth. Among them, the integrated circuits An increase of 17.3%, an increase of 17.6% of engines, a 13.8% increase of CNC machine tools and a 19.6% increase of water and marine products. On the whole, in 2017, China's foreign trade sector steadfastly pushed forward supply-side structural reforms. Positive progress has been made in turning over and restructuring. The import and export are now shifting from the high-speed growth stage to the high-quality development stage.


As for the trend of foreign trade this year, in general, the world economy is expected to continue to recover in 2018, and our economy will continue to be stable and favorable, which will be more favorable to China's foreign trade imports and exports. However, due to the factors such as the uncertainties in the international environment, and the large base last year, it is more and more difficult for foreign trade to maintain double-digit growth. It is expected that this year's import and export of China's foreign trade will continue to grow, and its quality and efficiency will be raised. 


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