In the second half of the year, China’s foreign trade growth has a good foundation and confidence to achieve positive growth.

CCTV News:At the policy briefing on September 27th, in view of the fact that the growth rate of China’s foreign trade declined in August and some enterprises reported that foreign trade orders were also declining, Wang Shouwen, the international trade negotiator and vice minister of the Ministry of Commerce, said that the current foreign trade development is indeed facing some new uncertainties, but foreign trade is still confident to achieve positive growth in the second half of the year.

Wang Shouwen, International Trade Negotiator and Vice Minister of the Ministry of Commerce:Some time ago, many foreign importers bought a lot of goods, forming a high level of inventory. Now it is necessary to digest the inventory, which will restrict the release of new orders, and the demand for "home economy" caused by the epidemic is also declining.

In order to promote the steady growth of foreign trade, this year, China has introduced a series of policies and measures to stabilize the economy and foreign trade. At the same time, China’s foreign trade has a good foundation. For example, 1— In August, China’s mechanical and electrical products accounted for 56.5% of foreign trade exports, and the competitiveness of high value-added and high-tech products was constantly emerging. 1— In August, China’s automobile exports increased by 57.6%, and solar cell exports increased by 92.6%. In addition, the free trade agreements signed by China and other trading partners are also playing a role. In August, China’s exports to other RCEP member countries increased by 23%, which was 11.2 percentage points higher than the overall foreign trade export growth rate in August.

Wang Shouwen, International Trade Negotiator and Vice Minister of the Ministry of Commerce:Generally speaking, despite the background of slowing or even weakening external demand, we are confident that foreign trade will achieve positive growth in the second half of the year and contribute to the recovery of the national economy through the growth of foreign trade.