Measures Escort Foreign Trade Open The Door Stably On The Way

Authoritative departments speak intensively to help enterprises maintain orders and stabilize expectation

From the fact that the executive meeting of the State Council decided on cross cycle adjustment measures to promote the stable development of foreign trade, to the fact that relevant departments listed stabilizing foreign trade as the focus of their work in 2022, to the fact that 22 departments and units jointly launched a package of measures to stabilize foreign trade, recently, multiple policy arrangements have made concerted efforts to solve problems for import and export enterprises and escort the "opening and stability" of foreign trade in 2022.

The analysis pointed out that on the basis of fully studying and judging the difficulties and challenges faced by foreign trade this year, the policy arrangement will strive for more opportunities with early deployment and early landing, which will effectively stabilize the expectations and confidence of foreign trade enterprises and win greater initiative for the improvement and upgrading of foreign trade throughout the year. Enterprises interviewed by the reporter of the economic information daily said that the policy of intensive release has not only reduced the worries of enterprise development, but also provided support and guarantee for promoting product and technology upgrading and further developing the international market.

Fully study and judge

Make full preparations for stabilizing foreign trade in 2022

"At present, booking shipping has improved, but the impact of high freight, exchange rate fluctuations and raw material prices is still great. Customers are in a wait-and-see and unnecessary state." Wu Zheng, assistant general manager of Hangzhou goldfish group and general manager of Hangzhou Jinsong Younuo Electric Appliance Co., Ltd., told the economic information daily.

Wu Zheng also admitted that the company's overall orders in 2021 were the same as the previous year, but the price rise of finished products was due to the price rise of raw materials, the revenue increased, but the revenue decreased. This is also the situation faced by many foreign trade enterprises.

Data show that from January to November 2021, China's total import and export reached US $5.48 trillion, a year-on-year increase of 31.3%; In the first three quarters, the contribution rate of net exports of goods and services to GDP reached 19.5%, driving GDP growth by 2 percentage points, making an important contribution to stabilizing economic growth.

"While fully seeing the achievements, we should also see that the triple pressure of 'shrinking demand, supply shock and weakening expectations' pointed out by the central economic work conference is also very prominent in the field of foreign trade." Ren Hongbin, Vice Minister of Commerce, said that under the influence of the epidemic, the world economy has recovered weakly, the growth of foreign demand is weak, the "three deficiencies" such as lack of core, cabinet and labor, and the "four rises" such as freight, raw material costs, energy and resource prices and the rise of RMB exchange rate have also increased the burden on enterprises.

Minister of Commerce Wang Wentao pointed out that the recovery of international demand has slowed down, the return of orders, the export of "residential economy" products and other phased factors have weakened, and the difficulties encountered by foreign trade enterprises, such as rising raw material prices, tight transportation capacity, rising freight costs and rising labor costs, have not been completely alleviated. In the face of these risks and challenges, the foreign trade base in 2021 is high, and the pressure to stabilize foreign trade in 2022 is not small.

Wang Wentao also stressed that the continuity and stability of relevant policies will be maintained in 2022, and the introduction of new policies and measures that meet the requirements of cross cyclical and counter cyclical regulation will be promoted as soon as possible, so as to push forward appropriately.

Make arrangements early

Multiple measures to ensure "stable door opening"

In view of the situation faced by China's foreign trade development, multiple cross cycle adjustment and stable foreign trade policies have been put on the agenda. The reporter of economic information daily learned that recently, relevant departments have successively deployed support measures to strive for early arrangement and early landing, spare no effort to rescue and solve difficulties for foreign trade enterprises, help enterprises better grasp orders and expand the market, and escort the "stable opening" of foreign trade in 2022.

The recently held executive meeting of the State Council proposed to further expand opening-up, launch response measures against difficulties and challenges, do a good job in cross cycle adjustment, help enterprises rescue, especially support small, medium and micro enterprises, strive to maintain orders and stabilize expectations, and promote the steady development of foreign trade.

The subsequent national business teleconference in 2021 proposed to strengthen cross cycle adjustment, implement stable foreign trade policies and promote innovative development of foreign trade when deploying the key work in 2022.

Relevant measures have been accelerating the implementation. Ren Hongbin said that the Ministry of Commerce, together with 22 relevant departments and units such as the development and Reform Commission, the Ministry of Finance and the people's Bank of China, focused on the practical difficulties and challenges faced by China's foreign trade in 2022, and put forward a package of response measures based on the demands of enterprises and local good experiences and practices. "At this time, the most important goal of introducing the policy of cross cycle regulation to stabilize foreign trade is to arrange and deploy the work of stabilizing foreign trade early, strive for time to implement it early, strive to achieve the 'open door stability' of foreign trade in 2022 and help stabilize the macro-economic market." He said.

According to reports, these measures include strengthening fiscal, tax and financial policy support, further encouraging the development of new foreign trade formats such as cross-border e-commerce, alleviating the pressure of foreign trade supply chains such as international logistics, and supporting key industries and key enterprises.

In addition, in order to deal with the risk of exchange rate fluctuations and solve the problem of "no income increase for export and no profit increase for income increase" reflected by some foreign trade enterprises, the Ministry of Commerce will focus on three aspects with relevant departments in the next step: guide enterprises to "seek according to the situation" and further improve their ability to deal with exchange rate risks; Encourage banks to "implement policies according to enterprises" and provide more targeted hedging products and services; Promote local "adjusting measures to local conditions", support local competent commercial departments to strengthen cooperation with local relevant departments and financial institutions, and refine implementation measures.

Take a long-term view

Promote the upgrading of foreign trade quality

It is worth noting that while coping with the immediate difficulties and ensuring a stable start, the policy also focuses on the long term, promotes the overall transformation and upgrading of China's foreign trade and cultivates international market competitiveness. Han Wenxiu, deputy director of the office of the central financial and Economic Commission, recently wrote that since 2021, exports have made great contributions to stabilizing the macro economy. We should expand high-level opening to the outside world, strive to transform the advantage of short-term orders into medium and long-term international competitive advantage, and stabilize the basic market of foreign trade and foreign investment.

Innovation and development has become an important driving point. Wang Wentao stressed that under the new situation, we should put the innovation and development of foreign trade in a more prominent position, further promote scientific and technological innovation, system innovation, mode and business innovation, and accelerate the cultivation of new advantages in participating in international cooperation and competition.

Ning Jizhe, deputy director of the national development and Reform Commission, director of the National Bureau of statistics and party secretary, said that we should promote the innovative development of digital trade, vigorously develop new formats and new models such as cross-border e-commerce and market procurement trade, and constantly improve the overseas warehouse network covering the world. Support the export of high-tech, high-quality and high value-added products, and strengthen the overseas promotion of Chinese brands.

Zhu Caihua, Professor of the Institute of international economics of the University of international business and economics, told the economic information daily that as an accelerator to help economic transformation and upgrading, foreign trade development should comply with the new development trend, fully tap the new potential in the new trend, and create China's new competitive advantage in foreign trade under the new development pattern.

Zhu Caihua suggested that we should take advantage of the development opportunities of digital trade, deeply tap the potential of trade digitization, and vigorously develop new formats and new models such as digital marketing, cross-border e-commerce and market procurement trade. At the same time, use big data to strengthen customer credit management and reduce the risk of malicious default. She also proposed to make full use of the dividends brought by China's participation in the construction of high-level free trade agreements, especially RCEP (regional comprehensive economic partnership agreement), and increase the cultivation of more stable regional industrial chains and supply chain value chains.

Enterprises are also actively exploring. Wu Zheng said that based on the successful experience in the niche market in the field of refrigerators, the company will also develop more product lines in the field of full category development of wine cabinets.

Niu Liqun, chairman of Jiashida Robot Technology Co., Ltd., also told the reporter of Economic Information Daily that in 2022, with the help of the new opportunities opened by regional cooperation such as RCEP and the state's support for new formats and new models, we will strengthen the development of the international market. At the same time, according to different market needs, improve technology, win the market and consumers with high-quality products, and build an international well-known brand.