China'S Strong Growth In Foreign Trade Is Hard Won In The Face Of Adversity.

In 2019, Sino US relations have been very delicate. Moreover, the US side has imposed huge tariffs on China's export commodities, but is forced to take corresponding measures. However, in this relatively bad situation, China's foreign trade performance is still excellent.

According to relevant media, the data released by China Customs administration showed that the total value of China's foreign trade and import and export in the first three quarters was 22 trillion and 910 billion yuan, an increase of 2.8% over the same period last year. Among them, exports were 12 trillion and 480 billion yuan, an increase of 5.2%; imports of 10 trillion and 430 billion yuan, a decrease of 0.1%; trade surplus of 2 trillion and 50 billion yuan, an expansion of 44.2%.

It is reported that in the first three quarters, the proportion of private enterprises' exports increased to 51.3%, and the number of private enterprises with import and export performance reached 37.4, an increase of 8.7% over the same period last year. These data indicate that under the increasingly complex global trade environment, the enthusiasm of private enterprises to participate in international market competition has not been reduced, and the overall vitality of China's foreign trade has been continuously enhanced.

A set of data from the world trade organization also shows that in the first 7 months of this year, China's foreign trade growth rate was higher than Germany, Japan, Korea and other countries. The share of foreign trade in the world increased by 0.1 percentage points compared with the same period last year, and it still maintained the status of Global trade in goods.

The September trade and development report released by the United Nations in 2019 held that the growth rate of Global trade in 2019 will slow down by 0.8 percentage points to 2%. But China's performance in this complex internal and external environment has shown a stronger resilience and vitality in China's economy.

According to the 2019 world investment report released by the United Nations Conference on Trade and development, the global foreign direct investment in 2018 declined for third consecutive years, but the total amount of foreign investment attracted by China increased and continued to rank among the second largest foreign capital inflow countries in the world. The report shows that in 2018, the total foreign direct investment in the world amounted to 1 trillion and 300 billion US dollars, a decrease of 13% compared to 2017. But in 2018, China attracted nearly 4% foreign direct investment, which amounted to US $139 billion.

China has maintained a relatively rapid growth in its foreign trade with the major trading partners of the European Union and ASEAN, and has become an important pillar for supporting the steady development of China's foreign trade.

In the first three quarters, China's exports to the first two largest trading partners, the European Union and ASEAN, were 3 trillion and 570 billion yuan and 3 trillion and 140 billion yuan, respectively, increasing by 8.6% and 11.5% respectively. Over the same period, China's total imports and exports to the countries along the belt and road grew by 6 trillion and 650 billion yuan, an increase of 9.5%, which is 6.7 percentage points higher than that of the whole country's foreign trade. The trade volume between China and Africa increased by 7.5% over the same period last year, which is 4.7% higher than that of foreign trade.

In the past 70 years since its establishment, China has changed from a weak trade country to a big trading nation. China has made an important contribution to the global economy at the same time of its own development. China's exports have provided products and resources with high cost performance for the whole world, and China's imports have provided a huge market for the whole world, thus stimulating the global economic growth.

According to foreign media reports, Jim O'neal, the former chairman of Goldman Sachs Asset Management Co and director of the Royal Institute of international studies, said recently: "if China expands its economy to the world's first place under consumption leadership, it will continue to be the engine of world economic growth over the past 20 years."