The Data From The General Administration Of Customs To Achieve Trade Balance Needs New Policy Implementation.

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Xiaobian of the network to introduce to you is to achieve trade balance to be implemented by the new policy.

According to the data released by the General Administration of customs, in October, China exported 1 trillion and 270 billion yuan, an increase of 11.5%; imports of 1 trillion yuan, an increase of 4.6%; trade surplus of 278 billion 700 million yuan, an expansion of 45.2%.

The report issued by the communications research center of the Bank of Communications (601328, stock bar) pointed out that the growth rate of imports and exports both declined in October, and a shrinking trade surplus widened.

Analysts pointed out that to promote the balanced development of China's trade, we need to continue to implement the existing policy of promoting exports, and continuously push forward the growth of China's imports.

Two digit growth in exports

From the point of view of exports, although the export growth rate has dropped in October, it maintained a two digit growth rate, mainly due to the strengthening of bilateral trade and economic relations between China and its neighboring Asian countries.

In addition, China's export growth to the US remained at 10.9%, maintaining two digit growth for 4 consecutive months.

Affected by high base and European economic downturn, the export growth rate for the EU dropped to a low of nearly 8 months to 4.1%.

Analysts pointed out that this situation is consistent with the global economic changes.

The US economy continues to improve, and the EU economy is slow.

And there is uncertainty.

With the economic growth of the developed economies, the economy of the emerging economies has improved, and the expansion of external demand is the main factor for China's exports to maintain the two digit growth.

Earlier, in order to stabilize the growth of foreign trade, a series of "combined boxing" launched by our country, including speeding up the progress of export tax rebates and promoting trade facilitation, appeared gradually, and promoted the good momentum of China's export continued to rebound.

What needs to be emphasized is that while export growth continues to improve, the structure of China's export products will continue to be optimized.

The report of the bank's Financial Research Center pointed out that the export of high-tech products increased and the export growth of labor-intensive products slowed down, which showed the improvement of export trade structure.

In addition, the growth of general trade shows that the structure of China's export products is further optimized.

In the first 10 months, the general trade of China exported 6 trillion yuan, an increase of 9.5%, accounting for 51.6% of the total export value.

Price factors inhibit import growth

Since the beginning of this year, China's imports have maintained a relatively low growth rate, which has become a major factor in the expansion of the trade surplus.

Analysts pointed out that the low growth of imports reflects that our domestic demand is not strong enough, and that domestic inventory and capacity expansion is still continuing, and we need to further enhance the endogenous driving force of China's economic development.

In addition to the low growth of imports, the price has become a major factor to slow down import growth, reflecting the fact that China's domestic demand growth is still not strong enough.

Especially in coal, crude oil and other major energy fields, China's dependence on foreign countries is relatively high, and prices are affected by fluctuations in the international market.

Against the backdrop of weak global demand, international commodity prices have been in a doldrums and even more than half of negative growth this year.

While the import volume is decreasing, the import price is reduced.

Bank of communications Financial Research Center believes that the growth of imports is mainly driven by processing trade, as well as important equipment and parts import promotion policy effect appears.

In recent months, the state has encouraged the import of advanced technology, equipment and key components. In October, the import equipment of special customs surveillance areas increased by 45% over the same period, and the import of bonded supervision places increased by 26.9% over the same period.

Looking forward to promoting the strategic power of the mouth.

Analysts believe that China's exports will continue to maintain a relatively fast growth rate in the late period, but there are still some uncertainties.

China's import growth will remain at a low level, thanks to the slow recovery of domestic demand.

This may cause China's trade surplus to be narrowed.

However, in the month of October, our country

The surplus has been widened, mainly due to the double drop of exports and imports, so it can still reflect the effect of some import initiatives that have been introduced by our country before.

Not long ago, the State Council issued the "suggestions on strengthening imports" by the general office of the State Council, clearly put forward the implementation of an active import promotion strategy, and exerting its import role in optimizing the structure and upgrading the innovation, emphasizing the importation of advanced technology equipment and key components, and the increase of service trade.

Many measures will help promote the growth of China's imports while the structure will be more optimized.

Good policies also need strong executive power, and the next step is to intensify the implementation of policies.

With the emergence of policy results, China's imports will continue to grow steadily, thus contributing to the balanced development of trade.