Commercial ambassador, Xiamen, China, revealed that China reported steady growth in Chinese exports. from Chinese economic factors The global economy has recovered, the prices of commodities in the world market have increased. But there are still risk factors for energy shortages that could dampen China’s economic growth.
Commercial ambassador, Xiamen, China, revealed that China reported steady growth in Chinese exports. from Chinese economic factors The global economy has recovered, the prices of commodities in the world market have increased. But there are still risk factors for energy shortages that could dampen China’s economic growth.
Ms. Nannaphat Ngamman Director of the Office of Overseas Trade Promotion (Director of the National Health Commission) in Xiamen revealed that the State Council Information Office of PRC held a press conference on the situation of imports andexportduring the first three quarters of 2021 byLi Kuiwen, spokesman for the Chinese Customs Department has said that exports in the past year, both in value and at high growth rates It is expected that the rate of expansion in the fourth quarter of this year is expected to increase. However, China’s foreign trade trend continued to increase. Full-year statistics are expected to grow rapidly, with the first 3 quarters of 2021 foreign trade still Maintain stable growth and continually improve quality
factorthat supports growth China’s foreign trade 1. The economic development in China has recovered. It is the foundation for the growth of foreign trade in the first 8 months of 2021. Key economic indicators such as the added value of large industrial enterprises (turnover more than 20 million yuan) consumer goods retail sales and investment in fixed assets still growing fast The Chinese economy continues to develop in a good way. Production and consumer demand are stable, contributing to the growth of foreign trade.
2. The world economy and trade have recovered. growing demand in international markets is a positive factor to China’s exports. Recently, the International Monetary Fund (IMF) has forecast that by 2021 the global economic growth rate will be 5.9%. The World Trade Organization (WTO) has forecast that by 2021, the full year Global merchandise trade will increase by 10.8% and in the first quarter of 2021 the growth rate of Exports from China to the US, EU and Africa exceeded 20%, and exports to Latin America grew more than 40%.
3. Global commodity prices increase. It is an important factor driving the value of exports to increase as of mid-October. 2021 CRB index reflecting commodity prices in international markets increased by more than 40% compared to the end of last year Compared to last year’s low, an increase of 130%, which in the first three quarters of this year was affected by rising global commodity prices. Imports rose by 11.3 percent, with average import prices of iron ore, crude oil, copper and other commodities. increased by more than 30%
4. The performance of the foreign trade growth promotion policy remained stable. both the development of new foreign trade Deepen reform of cross-border trade facilitation Adjusting the business environment at the port promote reform and innovation, trade facilitation and investment in pilot free trade zones, etc. The Chinese National Customs has implemented six policies to make the economy Stable development and 6 things to protect people’s livelihoods promote protection and Control the epidemic of Covid-19 in the port. Continue to improve the business environment at the port. Solve problems for the leading operators promote trade abroad to increase the quantity and improve the quality
Mr Li Kuiwen also pointed out that for the growth trend of theexportOverall, at present, there are many advantages and disadvantages factors. However, the fundamentals of economic development are still in a good direction in the long term, which has supported the volume of foreign trade that tends to increase and increase in quality continually.Covid-19 In the world is still uncontrollable, the global economy is difficult to recover. the external environment has complex and intense The development of foreign trade also faces many uncertain factors, according to customs data. Imports and exports in the first quarter of 2021, the growth rate is 29.7%, 25.2% and 15.2%, respectively, which the growth rate tends to decrease. when compared from With the high growth of foreign trade database in 2020, the growth rate in the fourth quarter may slightly decrease. However, China’s foreign trade continues to have a positive trend. The year’s foreign trade continued to grow rapidly.
Ms. Nannaphat said that the Office saw that Trade overview between China’s country in the first three quarters of 2021 was worth 28.33 trillion yuan, an increase of 22.7%. compared to the same period last year Divided into exports worth 15.55 trillion yuan, an increase of 22.7, and China’s import value of 12.78 trillion yuan, an increase of 22.6 percent compared to the same period last year, with international trade growing for five consecutive quarters. together It can be seen that the overview of international trade has The expansion has increased stably. by exporting electrical and electronic equipment and used products Workforce expands, such as automated data processing equipment and parts. Mobile phones, automobiles and pharmaceutical products, etc.
However, even though the operating figures for the past 3 quarters are stable and stable, from now on There are also challenging factors that will affect not only China’s economic growth but also the global economy, such as: China’s power shortage crisisthat have an impact on Exporting products in the supply chain all over the world Although the Chinese central government has tried to resolve this crisis, but the problems that It is an energy crisis that occurs around the world. and affecting the entire product chain As a result, various institutions have lowered their GDP growth forecasts for China, such as Nomura, reduced their 2021 GDP growth forecast to 7.7% from 8.2%, so how much will China’s economic growth direction expand? Still need to be closely monitored, which will have a chain effect on all countries around the world. including Thailand
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