Ministry of Commerce responds to China's import and export declining

Spokesman for the Ministry of Commerce Gao Feng said that China's import and export fell year on year. One reason is the lack of demand in the international market. Another important reason is that China's import and export reached a historical peak in the same period last year. In response to a reporter's question, Gaofeng said that since this year, influenced by trade protectionism and other factors, the momentum of world economic growth has slowed down. Some international economic organizations and institutions have lowered their expectations of global economic and trade growth, and the demand for international markets is weak. Affected by this, China's import and export in September fell by 3.3% compared with the same period last year. In addition, the scale of China's import and export in September last year was the highest in history, which was also an objective factor of year-on-year decline. The summit stressed, "we also noted that China's total import and export value in September was the highest level of this year's single month, an increase of 2.4% month on month. In the third quarter, the total value of import and export increased by 0.7% year on year. In terms of international comparison, the growth rate of China's import and export in the first seven months was higher than the average level of 65 major economies. In general, the scale of China's import and export in the first three quarters was basically stable, the structure was continuously optimized, and the quality and efficiency were further improved. The trend of improving quality in the steady development of foreign trade has not changed. "