Due to the impact of the epidemic, 2020 is a year of great impact and challenge to China’s foreign trade, both domestic and foreign received a strong impact, increasing pressure on exports, domestic shutdown is also a great impact on China’s foreign trade. In 2023, with the gradual relaxation of the epidemic, many restrictions are gradually lifted, and China’s foreign trade economy is ready to go, as shown by the latest data from China Customs, China’s foreign trade in the first quarter of this year, is showing a positive trend. Although the global demand is still in a sluggish state, but exports are still a small growth trend, imports also have a certain growth (less than two percent).
Data show that China’s trade with Southeast Asian countries has grown by more than 16%, a major breakthrough, all due to the gradual liberalization of China’s restrictions on epidemics. Lv Daliang —- Director of the Department of Statistics and Analysis of the General Administration of Customs of China “The efficiency of land port passage has improved, driving the growth rate of China’s border trade with ASEAN to pick up. China’s trade with ASEAN exceeded 386.8 trillion yuan, up 102.3%.”
Looking ahead to 2023, China is rapidly emerging from the epidemic prevention and control, macro policies are more prominent in stabilizing growth, consumption is expected to accelerate repair, science and technology innovation and green transformation drive manufacturing investment, and infrastructure investment growth is expected to remain stable. On the international front, the falling inflation rate makes the Federal Reserve slow down the pace of interest rate hikes, and the pressure on the RMB exchange rate and capital market has eased, which helps stabilize China’s financial market. From the data, the development of China’s foreign trade is still resilient, the opening of this time, is a new step in China’s foreign trade.
As one of the foreign trade industry, this year to update the touch technology, stand firm on this step.
Post time: Apr-15-2023