The scale of China's foreign trade is increasing year by year. From the perspective of the total domestic import and export volume, from 2015 to 2020, China's total import and export volume shows a trend of decreasing first and then rising. From 2017, the total import and export volume starts to pick up, and by 2020 the total domestic import and export volume will reach RMB 32.16 trillion, with a year-on-year growth of 1.9%.Exports accounted for 17.93 trillion yuan, up by 4%;Imports were 14.23 trillion yuan, down 0.7 percent;The trade surplus was 3.7 trillion yuan, an increase of 27.4%.From the perspective of import and export freight volume, China's total import and export volume will fluctuate from 2015 to 2020. In 2019, China's import and export freight volume will reach 4.58 billion tons, up 2.8% year on year. By 2020, China's domestic import and export freight volume will reach 4.91 billion tons, up 7.3% year on year.
The vitality of the private sector continued to increase. In 2020, there were 531,000 enterprises with solid performance in import and export, an increase of 6.2%.Among them, the import and export of private enterprises reached 14.98 trillion yuan, an increase of 11.1%, accounting for 46.6% of China's total foreign trade and an increase of 3.9 percentage points over 2019. They strengthened their position as the largest foreign trade player and became an important force for stabilizing foreign trade.The import and export of foreign-invested enterprises reached 12.44 trillion yuan, accounting for 38.7%.The imports and exports of state-owned enterprises were 4.61 trillion yuan, accounting for 14.3 percent of the total.
The RCEP has injected new impetus into the development of foreign trade, and the Regional Comprehensive Economic Partnership (RCEP) was officially signed during the East Asia Cooperation Leaders' Meetings.This is a free trade area is given priority to with Asian economies, on the basis of the 10 asean countries, plus China, Japan, Korea, Australia and New Zealand five countries, RCEP member of the population, economy and trade within the region basic around 30% of global trade, is the world's largest free trade area, the Asian regional economic integration is of great significance.RCEP acknowledges the economic and cultural heterogeneity of its members, and gradually expands from meeting the shallow level of integration agreements of its members. On the one hand, it simplifies and integrates multiple trade rules, reduces transaction costs and improves the development environment in Asia through trade and investment facilitation measures and economic and technological cooperation.On the other hand, a comprehensive negotiation and arrangement based on the original tariff reduction arrangements or trade rules can achieve a single list or rules for the collective actions of all the members, which is conducive to substantially advancing the process of regional integration in Asia.
According to the analysis of the development trend of China's foreign trade industry, in the context of the overall recovery of the global economy and the rapid rebound of the epidemic, the advantages of priority recovery of China's supply chain will continue to be reflected. On the one hand, sustained economic recovery will effectively support domestic demand.On the other hand, it is expected that the global demand will continue to favor China for a period of time. On the whole, it is expected that the growth rate of China's import and export trade will pick up further in 2021.
In the short term, the situation of rapid export growth will continue to maintain;In the long run, with next year Large-scale global vaccination and the gradual recovery of overseas production capacity will have a certain impact on China's foreign trade, and export may return to a new stable state.The higher foreign trade reaches a new high, the more importance must be attached to innovative development.At present, the traditional development mode of foreign trade has been unable to adapt to the needs of the external situation changes, it is urgent to take high-quality development as the main line, with innovative development to shape the new advantages of China's foreign trade in the international market competition.We put forward precise measures in nine areas, including optimizing the layout of the international market and investing in innovation factors, and redeployed measures to accelerate the innovative development of foreign trade.It is predictable that as the above measures are implemented more quickly, more new forms and models of foreign trade will be created, and they will inject more new impetus into the high-quality development of the Chinese economy.We can see from many data that the foreign trade market is still very large, and there are still very promising prospects in the future.
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Post time: 16-06-21