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Home > News > Valuable News > China's foreign trade enterprises resume work and continue to show a good trend

China's foreign trade enterprises resume work and continue to show a good trend

ECHEMI 2020-04-08

According to a report from China Central Television ’s Voice of China “News Summit”, a few days ago, the person in charge of the Ministry of Commerce stated that the resumption of production and production of China ’s foreign trade enterprises continued to show good momentum. The next step will focus on enhancing the competitiveness of Chinese manufacturing in the global industrial chain and supply chain.

At the same time, due to the worldwide epidemic situation, many foreign trade companies faced problems such as loss of orders and poor transportation during the process of resuming production. In response to these difficulties and pain points, a series of measures were introduced intensively to protect the market, share, Guarantee orders and make every effort to stabilize the basic foreign trade plate.


Liu Changyu, a second-level inspector of the Foreign Trade Department of the Ministry of Commerce, introduced at the regular press conference of the Ministry of Commerce this week. According to statistics, as of March 30, 75.6% of key foreign trade enterprises across the country had a recovery rate of more than 70%. This is an increase of 4.2 percentage points from last week. In Hubei Province, more than 50% of foreign trade enterprises have a recovery rate of more than 70%.

 

 

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As the epidemic spreads globally, it has impacted the economies of various countries, and the originally weak international market demand is even worse. The WTO expects that global trade will decline sharply this year, bringing new challenges to the recovery and development of China's foreign trade. Relevant investigations show that thousands of domestic foreign trade enterprises have been forced to postpone shipments and foreign exchange collection, and even some orders have been transferred. Every year from March to May is the peak period for export orders. Many foreign trade companies have seen new orders decline to varying degrees, and logistics congestion has also changed from domestic to international. 3. The cost has risen sharply. Some high-tech middleware and new materials face the risk of supply cuts.

 

The Ministry of Commerce instructs the competent commercial administrations around the country to establish a list of key foreign trade enterprises to resume work in key areas with concentrated industrial chains and leading enterprises in the foreign trade field, to provide accurate assistance, coordinate the re-examination departments to accelerate the promotion of upstream and downstream resumption of production in the industrial chain, and guarantee The foreign trade industry chain and supply chain are running smoothly. In the next step, the Ministry of Commerce will continue to take effective measures to consolidate the traditional advantages of foreign trade, and vigorously cultivate new competitive advantages in foreign trade centered on technology, quality, brand and service. Liu Changyu said: "Cultivate a group of large enterprises with global competitive advantages and a large number of dynamic and innovative SMEs with a high degree of specialization and strong collaboration capabilities, and cultivate a group of international marketing networks with strong market penetration Cultivating a number of internationally renowned and influential trading platforms, fostering a number of independent foreign trade brands, and continuously enhancing the competitiveness of Chinese manufacturing in the global industrial chain supply chain. "

 

At the same time, stabilize the processing trade and focus on improving the technical content and added value of the processing trade. Liu Changyu pointed out: "We must promote the transformation of processing trade from assembly to technology, brand, and marketing, and promote the integrated development of processing trade manufacturing and service trade. We must support the central and western regions and the northeast region to undertake the gradient transfer, and support processing trade enterprises to expand the domestic market and promote Integrated development of domestic and foreign trade. "

 


At present, China's foreign trade enterprises have achieved positive results in the resumption of production and production, facing the shrinking external demand and the loss of orders. China has the ability to take advantage of the entire industry chain and turn crises into opportunities to ensure that foreign trade enterprises resume a stable and orderly situation after resuming production. Liu Changyu said: "We have the confidence to overcome the current difficulties and challenges and make every effort to stabilize the basic foreign trade plate."

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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