China's foreign trade has maintained rapid growth, helping to build a new development pattern

Researcher of the International Trade Economic Cooperation Research Institute of Zhoumi Commerce

In the first eight months of 2022, the global economy faces many challenges. The latest issue of "Commodity Barometer" recently announced by the World Trade Organization (WTO) shows that global trade growth has stalled. The global trade growth rate of the index was lower than the first quarter, and it may continue to weaken in the second half of the year. In this case, the performance of the main participants in global trade has attracted more attention, and even determines the development trend of global trade to a certain extent. It is not difficult to see that China's foreign trade data analysis is not difficult to see that despite the complex external environment, China's foreign trade has provided strong support for the construction of a new development pattern from the perspective of total scale, trade structure or trade partners.

According to data released by the General Administration of Customs, in the first eight months of this year, China's total import and export value was 27.3 trillion yuan, an increase of 10.1%over the same period last year. Among them, exported 15.48 trillion yuan, an increase of 14.2%; imports were 1.182 trillion yuan, an increase of 5.2%. Ten years ago, in 2012, China's total import and export value of approximately 24.57 trillion yuan, of which 1.285 trillion yuan exported and imported 1.1.72 trillion yuan. The total imports and exports, exports, and imports completed in the first eight months of this year exceeded the annual data of 2012, respectively, 111.1%, 120.5%, and 100.9%of the 2012 trade volume. The continuous expansion of trade volume reflects that China's connection with the global market is more closely, and the scale of cross -border commodity flow has increased, providing important channels and guarantees for the mutual promotion of domestic and international dual cycles.

General trade imports and exports continued the growth of double digits in the first eight months, and the proportion of foreign trade in China continued to increase, highlighting the impact of domestic large -cycle continuous efforts on the trade structure. In the first eight months, China's general trade imports and exports reached 1.755 trillion yuan, an increase of 14.1%year -on -year, 4%faster than the total value of the total value of the import and export. The rapidly growing general trade made it a proportion of 64.3%in the total value of China's import and export, an increase of 2.3 percentage points from January-August 2021. Compared with processing trade, general trade can better reflect the level and capabilities of a country's foreign trade. With the relatively stable agricultural trade trade, with the enhancement of manufacturing capabilities, the international market comparative advantages of industrial finished products will be expanded through general trade, and vice versa. Enterprises in various countries are striving to enhance the international competitiveness of their products. In addition to a few economies that build tariff barriers with trade protectionism, most companies seek their own development through the rational competition of the international market.

The rise in the scale and proportion of China's general trade reflects the improvement of China's foreign trade quality and the enhancement of independent development capabilities from the side. Correspondingly, processing trade. As a Chinese foreign trade, the processing trade of half of the rivers and mountains, the proportion of the first eight months fell to 20.1%, but it still had 5.48 trillion yuan, achieving a 3.5%growth. If the equivalent ratio is placed in the first eight months of processing trade, the scale of 8.2 trillion yuan is basically the same as the annual processing trade volume (8.4 trillion yuan) in 2012. This shows that even in the United States and Europe's countries to promote the return of manufacturing, the continuous promotion of development and improvement of processing trade in developing countries and emerging economies, China's position in global trade has remained stable for a long time, which is also a new development. The construction of the pattern created good conditions. With the current global economy is in the rise of trade protectionism, the industrial chain supply chain is frustrated, the inflation is high and the expected unstable, enterprises of various countries still have strong confidence in China's economy and industry, and are willing to use China as a processing base to produce the global production base to meet the global Industrial finished products for market demand.

The geographical structure of international trade is a comprehensive response of factors such as comparative advantages and trade environment of various countries. The trade relations between major trading partners have a decisive impact on the international trade situation. In the first eight months, ASEAN is still China's largest trading partner, accounting for 15%of China's total foreign trade value, and the growth rate is 3.9 percentage points faster than China's overall foreign trade growth rate. The trade growth rate between China and the second largest trading partner EU is 2.6 percentage points faster than that of China's foreign trade. The third and fourth -ranking Sino -US and China -South Korea trade is equivalent to 2.3 percentage points as China ’s foreign trade equivalent and slow. The top four trading growth differences may further enlarge the difference between trade among major trading partners.

Since the beginning of this year, RCEP has taken effect into the recovery of the industrial chain and supply chain network in the region and has created good conditions, and has also become an important external development point for the new development pattern. China's attraction of continuously opening up, huge and expanding markets are promoting the international cycle to focus more around China, and trade seeks a reasonable and reasonable multinational network development model for multinational companies, and makes full use of the resources of various countries to create the creation. Conditions can reduce the negative impact of insufficient protection and protection of resources and fluctuations in the external market.

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