Foreign Trade Is Far Ahead Of Expected Capital Outflow Pressure Is Expected To Ease

In January 2017, the total value of China's imports and exports was 2 trillion and 180 billion yuan, an increase of 19.6% over the same period last year. Among them, exports were 1 trillion and 270 billion yuan, an increase of 15.9%; imports of 911 billion 170 million yuan, an increase of 25.2%; trade surplus of 354 billion 530 million yuan, narrowed 2.7%. Haitong macro Jiang Chao believes that foreign trade is far ahead of expectations, and the exchange rate is stable in the short term. Capital outflow Pressure is expected to ease.

(1) the export of China's exports has greatly improved. In January, China's US dollar exports increased by 7.9% compared with the previous month. The US European economy has stabilized in the short term. The main economic restructuring PMI has picked up overseas demand, and last year the base was relatively low, resulting in a year-on-year increase.

Second, the overall demand for foreign demand rose. From major countries and regions, exports to the United States (6.2%), South Korea (11.2%) and India (5.5%) continued to expand, to Japan (9.2%). European Union (2.9%) the growth rate was positive, and the decline in exports to ASEAN and Hongkong also narrowed to 0.8% and 14.3% respectively.

3. The growth rate of imports is increasing. In January, the number of imports of major commodities rose in China, and soybean (35.3%) and iron ore (11.9%) grew significantly. Crude oil also increased sharply compared with the same period last year. Due to the large increase in commodity prices, the import volume of iron ore (85.5%) and crude oil (72.3%) increased year by year. Although the demand for real estate and automobiles weakened in January, industrial production remained stable and imports grew to 16.7% year-on-year.

(4) the surplus has increased sharply. exchange rate Short term stability. China's trade surplus amounted to US $51 billion 350 million in January. In January, foreign reserves declined by US $12 billion 300 million, and capital outflow pressure is expected to ease. In January, the US dollar index dropped, while the domestic monetary policy was neutral and the RMB exchange rate was stable in the short term.

Related links:

In February 9th, it was learned from relevant departments that in order to reduce the cost of foreign trade enterprises, the implementation opinions of the people's Government of the Ningxia Hui Autonomous Region on reducing the cost of entities in the real economy will "relax" the transport costs of foreign trade enterprises.

The opinions put forward that Ningxia's production export enterprises and foreign trade circulation enterprises that sell Ningxia products can transport goods to the coastal border outlying ports or pass the transportation expenses of agricultural products and food exported from Yinchuan Hedong Airport by no more than 40%, and the transportation cost of exported goods shall not be more than 20%. The import enterprises that have customs declarations at the Yinchuan customs shall not support more than 20% of the actual cost of the import of their goods to Ningxia, and shall not give more than 30% support to the actual warehousing expenses of the foreign trade enterprises at various ports and customs special supervision zones.

According to the regulations, this policy supports two categories, namely, the support funds for inland transportation costs of Ningxia export enterprises and the subsidy for the transportation of imported goods. The enterprises that are supported must be registered in Ningxia, have the right to import and export business and export or import performance, have sound financial management system and good financial management records, and have no major safety, environmental protection, taxation, labor, credit and other bad records.

Among them, the inland transportation cost support fund of Ningxia export enterprises supports the export enterprises to transport goods through the highways and railways to the coastal outlying ports and the transportation expenses through the Yinchuan Hedong Airport. The transportation cost of exported agricultural products and food is not more than 40%, and the transportation cost of exported goods is not more than 20%. The subsidy for the cost of imported goods is supported by the importing enterprises to transport the imported goods from the ports to the inland transportation of Ningxia by means of highways and railways, and the support ratio is not more than 20%.

For more information, please pay attention to the world clothing shoes and hats net report.