The Pearl River Delta has always been a barometer of China's foreign trade. Historical data shows that the Pearl River Delta's foreign trade share in the country's total foreign trade has remained around 20% all year round, and its ratio in Guangdong's total foreign trade has remained around 95% all year round. To be more precise, China's foreign trade depends on Guangdong, Guangdong's foreign trade depends on the Pearl River Delta, and the Pearl River Delta's foreign trade mainly depends on Guangzhou, Shenzhen, Foshan, and Dongguan. The total foreign trade of the above four cities accounts for more than 80% of the foreign trade of the nine cities in the Pearl River Delta.
In the first half of this year, affected by the weakening global economy and intensified changes in the international situation, the downward pressure on the overall import and export of the Pearl River Delta continued to increase.
The semi-annual economic reports released by nine cities in the Pearl River Delta show that in the first half of the year, the foreign trade of the Pearl River Delta showed an "uneven hot and cold" trend: Guangzhou and Shenzhen achieved positive growth of 8.8% and 3.7% respectively, and Huizhou achieved 1.7%. Positive growth, while other cities have negative growth.
Moving forward under pressure is the objective reality of the current Pearl River Delta foreign trade. However, from a dialectical perspective, given the huge base of the overall foreign trade of the Pearl River Delta and the impact of the overall weak external environment, it is not easy to achieve the current results.
In the first half of the year, the Pearl River Delta foreign trade is making every effort to innovate and optimize its structure while striving to stabilize its scale. Among them, the export performance of the "three new items" such as electric passenger vehicles, lithium batteries, and solar cells is particularly impressive. Cross-border e-commerce exports in many cities are booming, and some cities and companies are also actively exploring new overseas markets and have achieved initial results. This reflects the Pearl River Delta region’s profound foreign trade heritage, strong and effective policies, and timely structural adjustments.
Hold on is everything, be proactive rather than passive. The Pearl River Delta economy has strong resilience, great potential and vitality, and its long-term positive fundamentals have not changed. As long as the direction is right, the thinking is fresh, and the motivation is high, the periodic pressure faced by the Pearl River Delta's foreign trade will be overcome.
Post time: Jan-03-2024