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Commentary: "The First Big Country Of Trade In Goods" Is Not The End Point.

2014/10/6 17:09:00 22

FirstTrade In GoodsChinaEconomy

The executive meeting of the State Council, which was held recently, identified policies and measures to strengthen imports. It pointed out that we should take into account the current and long-term implementation and implement a positive import promotion strategy. These measures will not only help to achieve trade balance, but also make up for China's short board in advanced technology and raw materials, and promote economic transformation and upgrading.

Under the background that China has become the world's largest cargo trading country, the State Council further emphasizes the importance of expanding imports to the outside world. It is an important signal to the outside world: "the first big country of trade in goods" is not the end point, but should be regarded as a new starting point for China's economic and trade development. On this basis, efforts should be made to achieve a leap from quantity to quality, promote balanced trade development, and develop from trade to trade power at an early date.

According to the latest statistics from the world trade organization, the total import and export volume of China's goods in 2013 amounted to US $4 trillion and 160 billion, of which the export volume was US $2 trillion and 210 billion and the import volume was US $1 trillion and 950 billion. This is a new milestone in the development of China's foreign trade. It is a major achievement of China's adherence to reform and opening up and participation in economic globalization. It is also a bright spot in the economic and social development since the founding of new China.

However, it is not difficult to find out from the data that the imbalance between imports and exports is still a stubborn disease that has plagued China's foreign trade development. In recent years, trade frictions with many other countries are also closely related to this. Since the second half of this year, China's export growth has steadily improved, thanks to factors such as the rebound in the international market, but imports have always been at a low level. The monthly surplus of China's foreign trade has also been expanding because of the low imports and has hit a new high.

This trend is not China What is wanted is not sustainable at the same time. Weak imports and surging surplus not only destroy trade balance, easily lead to new trade frictions, but also affect the balance of payments to a certain extent, making RMB face further pressure of further appreciation.

The executive meeting of the State Council, held on the 29 day of last month, pointed out that strengthening the import of technology, products and services is conducive to increasing effective supply, meeting domestic production and living needs, improving product quality, promoting entrepreneurial innovation and optimizing and upgrading the economic structure. It also helps to make good use of foreign exchange reserves, promote international balance of payments, and enhance the level of open cooperation.

At the same time, we must also realize clearly that Exit Despite steady growth, the problem is still outstanding. China's exports have low added value. Independent brand Less, the marketing network is not sound enough, the export product quality is not high, and the ability to co-ordinate two markets and two kinds of resources still needs further improvement.

There is still a long way to go to become a trading power. This depends on the ability of enterprises to strengthen their independent innovation, create core competitiveness and provide value-added products. The state must constantly improve its trading system and mechanism. In addition to improving the business environment, it also needs to establish a two-way regulatory mechanism with limited promotion and progress, so as to avoid one-sided pursuit of speed and scale.

Based on the fact that China has a large population and a shortage of resources, on the basis of maintaining the reasonable growth of foreign trade, we should effectively shift the development goals to quality and efficiency, pay attention to utilizing two markets and two resources at a higher level and higher level, so as to enable China to make new achievements in the new starting point of the world's first goods trade country and create the next brilliant future.

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Comment: Losing "The Biggest Surplus Country" Is Not Necessarily A Bad Thing.

Losing the position of "the largest trade surplus country" is not necessarily a blessing. The key is whether the trade surplus is reasonable, rather than the increase or decrease of the trade surplus.