China’s foreign w88 moves forward in adverse circumstances in 2019

(Source: "China Daily"2020-01-19）

Despite the slowdown in world economic growth and the increasing global economic uncertainty and risk challenges,20196759_68492020my country's foreign w88 is expected to continue to maintain a steady growth trend, and high-quality development will reach a new level.

w88 growth exceeds expectations

2019Under the increasingly severe and complex international w88 environment in 2013,2019The total import and export volume of goods increased year-on-year3.4%, export growth5%, import growth1.6%, It is worth noting that China’s export performance is the best among the world’s top ten trading countries. Goods w88 surplus4215.1$100 million, nearly growing20%. The long-term positive fundamentals of China's foreign w88 have not changed. But we still need to clearly realize that the external and internal foundations of w88 growth are not yet solid, and the w88 growth rate is still lower thanGDPThe "excessive overshoot" phenomenon of growth rate and w88 still exists.

w88 structure continues to be optimized

From the perspective of the import and export market structure, China’s “circle of friends” in the international market is getting larger and larger. China’s w88 with emerging economies, countries along the “Belt and Road” and ASEAN countries has grown rapidly. Among them, the import and export growth is close to that of countries along the “Belt and Road”10%, the proportion is close to30%. Import and export growth to ASEAN12.7%, ASEAN has become China’s second largest trading partner. But Sino-US w88 has encountered setbacks,2019China-U.S. w88 dropped nearly year-on-year15%, the United States dropped from China's second largest trading partner to its third largest trading partner. Although Sino-US w88 declined throughout the year,2019Year11Since January, China’s imports from the United States have begun to resume growth. From the perspective of w88 subject structure,20199849_989550%. From the perspective of domestic regional distribution, export growth in the central and western regions13.3%. From the perspective of product structure, the commodity structure continues to be optimized, and the export of mechanical and electrical products grows4%, the proportion is close to60%. Export growth of seven major categories of labor-intensive products including clothing6%. New business formats and new models have become new driving forces for foreign w88 growth, and new competitive advantages in foreign w88 have begun to take shape.2019Annual cross-border e-commerce retail import and export value1862.1100 million yuan, growth38%。

China’s opening up to the outside world has accelerated significantly

In recent years, China has implemented a more proactive opening-up strategy to create a more fair, predictable and transparent business environment. China's overall tariff level reduced7.5%, China’s w88-weighted average tariff rate has been reduced4.4%, significantly lower than most emerging economies and developing countries, close to the level of the United States and the European Union. China's imports contribute one-sixth of global import growth and have become a booster for global economic recovery.2019Year11In March, China successfully held the second China International Import Expo, providing new opportunities for exports from various countries. In recent years, the world's dependence on China's economy has been increasing. In particular, countries with geographical proximity and a high share of resource w88 have become increasingly dependent on China's economy.

2020Year1month15The signing of the first phase economic and w88 agreement between Japan, China and the United States has enhanced global market confidence, stabilized market expectations, and created a good environment for international economic, w88 and investment activities. Especially for Sino-US w88,2020There will be a significant rebound at the annual meeting, and China's import and export are expected to achieve steady growth. However, risks still exist, such as conflicts in the Middle East, intensified confrontation between the United States and Iran, the US election, Brexit, etc.RCEPuncertainty,WTOReform difficulties and other issues have an impact on global w88 stability. International Monetary Fund2019Within the year4The world economic growth rate has been lowered for the first time, and the WTO has lowered its forecast for the growth rate of global w88 in goods to1.2%, the external environment of China’s foreign w88 remains severe and complex.

（Author: Liu Bin, associate researcher at China WTO Research Institute, w88 casino）

Attached original link:https://cn.chinadaily.com.cn/a/202001/19/WS5e23b914a3107bb6b579ab9a.html