(Source: Global Financial Connection 2024-06-17)

Data from the National Bureau of Statistics show that in May, the total import and export of goods was 3,707.7 billion yuan, a year-on-year increase of 8.6%. Among them, exports increased by 11.2%; imports increased by 5.2%. From January to May, the total import and export of goods was 17,504.2 billion yuan, an increase of 6.3%. What kind of foreign w88 situation do the foreign w88 data in May reflect? What is the overall performance of foreign w88 in the first five months of this year, and what are the highlights? Let’s listen to the interpretation by Tu Xinquan, Dean of the China WTO Research Institute at the w88 casino.

Import and export data have achieved significant growth this year

Tu Xinquan: Judging from the data for the first five months of this year, including May, my country’s import and export w88 has shown an obvious and steady rebound. Although last year's foreign w88 data was weak, since this year, both exports and imports have achieved significant growth.

In the first five months of this year, exports increased by 6.1% and imports increased by 6.4%, basically achieving a relatively balanced growth, indicating that both domestic and foreign markets have achieved relatively good recovery. Exports reflect foreign markets, and the United States and Europe have seen significant growth in imports from China. At the same time, ASEAN is still our largest trading partner, and its growth rate is also high, which is a good sign.

The growth of imports from China by the United States and Europe reflects, on the one hand, that their economies as a whole are stabilizing and that the U.S. economy is recovering well. In addition, it also shows that the inventory cycle in the United States and Europe is at the stage of restocking and requires more imports, so it is in a relatively favorable situation for my country.

From the perspective of imports, our country has also achieved relatively good growth, which shows that our domestic production, including consumption, has recovered significantly, so the demand for imports has achieved relatively good growth. In summary, the data for the first five months still gives everyone strong confidence and is more optimistic than everyone expected.

Import and export may continue to recover steadily in the second half of the year

Tu Xinquan: Generally speaking, import and export will be in a relatively stable situation in the future. At present, there are no other macroeconomic interference factors. Although from a w88 perspective, the United States has imposed additional tariffs on some of my country's products, especially the "Three New Products", and the European Union has also imposed additional tariffs on my country's new energy vehicles. However, the overall w88 volume involved is not large, and these changes in w88 policies are difficult to affect the overall w88 data.

Overall, macroeconomic performance is more important. At present, the macroeconomic performance of the United States, the European Union, Japan, ASEAN and other countries and regions is relatively stable and favorable, and factors such as sharp corrections are unlikely to occur in the second half of the year. Therefore, the overall foreign w88 situation in the second half of this year is relatively optimistic, and may continue the stable recovery trend of the first five months.

With original link:https://m.21jingji.com/article/20240617/herald/48872eebd041f9ae53fa8e5792c76ece.html