China's Foreign Trade Situation Report (Spring 2019) Released

Release time:

2019-05-29

Recently, it was learned that the General Department of the Ministry of Commerce and the Institute of International Trade and Economic Cooperation jointly issued the "Report on China's Foreign Trade Situation (Spring 2019)" (hereinafter referred to as the "Report"). The report reviews the operation of China's foreign trade in 2018 and the first quarter of 2019, and analyzes the development environment of China's foreign trade in 2019. In 2018, China's foreign trade made steady progress and improved steadily. The scale of import and export of goods trade reached a record high, the quality and efficiency were further improved, and the contribution to the national economy was further enhanced. The status of the largest country in trade in goods and the second largest country in trade in services has been consolidated, and the process of becoming a trade power has been accelerated.

The report believes that the current environment for foreign trade development is more complex, more uncertain, and more risky and challenging. World economic growth is slowing and trade protectionism continues to heat up. The downward pressure on the domestic economy still exists, and some structural problems need to be solved urgently. More efforts are needed to achieve the development goal of stable and quality-improving foreign trade. At the same time, we must also see that the fundamentals of China's long-term economic improvement have not changed, the endogenous driving force of foreign trade has continued to increase, and the foundation for high-quality development has continued to be consolidated. As the measures to support the steady scale of foreign trade, improve quality and turn power continue to land, the policy effect will continue to appear.

The report points out that the Ministry of Commerce will, in accordance with the decisions and arrangements of the CPC Central Committee and the State Council, continue to pay close attention to the implementation of foreign trade policies, deeply implement the action plan for a strong trade country, constantly promote the "five optimizations" and "three constructions", promote the diversification of export markets, guide the transformation and upgrading of processing trade, transfer to the central and western regions, optimize the import structure, actively expand imports, and meticulously run the second China International Import Expo, greet the 70th anniversary of the founding of the the People's Republic of China with outstanding achievements, and make new contributions to the decisive victory in building a well-off society in an all-round way and realizing the "two centenary" goals.

(Source: Department of Commerce)

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