Good quality in the foreign trade firm benefit is rising steadily

　　On November 12, the comprehensive bureau of the ministry of commerce and international trade and economic cooperation research institute jointly issued "China's foreign trade situation report (fall 2018). The report reviewed 2018 years ago in the third quarter running situation of China's foreign trade and outlook for the full year 2018 and development trend of China's foreign trade in 2019. , according to a report in the third quarter 2018 years ago, China's foreign trade to maintain stability in the positive momentum, stable growth in the overall structure of the continuous optimization and power to speed up the transformation, the development of the quality and efficiency of steady rise. The current sino-us trade friction influence on China's foreign trade co., LTD as a whole. In 2019 China's foreign trade development environment will be more severe and complex, facing the world economy downside risk increases, the stable growth of global trade protectionism threat.

　　

　　Report data show that in the first three quarters of this year, China's total import and export of goods is 22.28 trillion yuan RMB, year-on-year growth of 9.9% (the same below). Among them, the export of 11.86 trillion yuan, increased by 6.5%, imports 10.43 trillion yuan, up by 14.1%; Surplus RMB 1.43 trillion, narrowed by 28.3%.

　　

　　Points in the quarter, China import and export scale respectively in the first three quarters of 6.76 trillion yuan, 7.35 trillion yuan and 7.35 trillion yuan, the quarterly growth rate of 9.4%, 6.4% and 13.8% respectively. Import and export maintained steady growth.

　　

　　"All the way along the" initiative is put forward for the past five years, China's "all the way along the" related national and regional trade continues to expand, the trade structure optimization, new growth point of trade gradually cultivate, for each participant's economic development has injected new vitality.

　　

　　According to a report in the first three quarters of this year, China and "all the way along the" import and export of countries along the good development momentum, two-way trade reached 6.08 trillion yuan, an increase of 13.2%, higher than the same period the overall growth rate of 3.3% of China's foreign trade, accounting for 27.3% of the total amount of China import and export, 0.8% more than the same period in 2017. Among them, China's export growth of 3.38 trillion yuan, 7.7%; Imports of 2.7 trillion yuan, an increase of 20.9%. In addition, China import and export trade with Africa, Latin America, also maintained a fast growth, the growth rate of 13.8% and 13.7% respectively, 3.9 and 3.8% higher than the overall growth. Among them, the import and export growth of 22.9% and 22.9% respectively in Egypt and Brazil. At the same time, China and import and export of major developed economies also maintained a steady growth. China to the European Union, the United States and Japan import and export growth of 7.3%, 6.5% and 5.2%, respectively, combined accounted for 35.6% of the total amount of China import and export.

　　

　　In addition, the report data also showed that in the first three quarters of this year, China's import and export to the United States, 3.06 trillion yuan, an increase of 6.5%, accounting for 13.8% of the total amount of China's foreign trade. Among them, China's exports to the United States of 2.27 trillion yuan, up by 7.4%; Since the United States imported 798.13 billion yuan, an increase of 3.8%. The current sino-us trade friction influence on China's foreign trade co., LTD., general America is China's second largest trade partner.

　　

　　From the point of data, in the backdrop of the sino-us trade friction continues, sino-us trade still keep growing. This report analysis thinks that there are several main reasons:

　　

　　One is within the us market demand growth. Since 2018, the American economy maintained a fast growth, the unemployment rate fell to a new low for decades, consumer confidence, rise in business investment confidence, the domestic market demand are generally strong, drive the rapid growth of demand for goods import. Eight months, before the commodity imports rose 9.5%, growth compared with the same period in 2017 increased by 3%. Accordingly, the American market for Chinese goods import demand is also rising. This report analysis thinks that there are several main reasons:

　　

　　The second is closely related to the industry chain of China and the United States. Overall, China industrial chain integrity, strong manufacturing capability, cost-effective products, the technology developed, rich in resources, per capita income level is high, the structure of bilateral economic complementarity is stronger, there is more trade opportunities, market choice between the two countries have formed "sometimes-complex mix-and-match, I have you" pattern of interests. Especially for U.S. consumers, Chinese goods are inexpensive and is the first choice for consumer goods.

　　

　　3 it is to import and export enterprises to perform the contract. In international trade, from signing a contract to the actual import and export will be months or even longer delay. After the U.S. tariffs on Chinese goods, both sides most enterprise has already signed the contract continue to perform, make import and export data basically stable. Especially in order to ensure the sales in the fourth quarter the peak consumption season, enterprise stock up in advance, to support the bilateral trade.

　　

　　According to the report, the United States unilaterally lifting trade frictions, which not only affect sino-us trade, also deteriorates the development of global trade environment, significant uncertainties to the development of global trade and investment. The world trade organization warned that the escalating trade conflict that may affect business confidence and investment decision, will significantly lower global trade growth, trade between major economies will make a breakdown in his relationship with deviation in the past few years the recovery of the global economy, economic growth and employment. Affected by trade tensions, global trade expansion may slow further. The world trade organization (wto) released in 2018 in the third quarter of the world trade boom index is 100.3, slightly higher than the benchmark of 100, including export orders and automobile production and sales index is lower than the benchmark level. The imf research suggests that the United States on the economic and trade partner by a trade war would make the world economic loss 0.5% by 2020, equivalent to $430 billion.