China's foreign trade has continuously stepped onto a new level

2022/7/6 17:59:42 admin

    Foreign trade is one of the "troikas" that drive economic growth. Data show that in 2021, China's import and export of goods and services will drive gross domestic product (GDP) growth by 1.7 percentage points, and the contribution rate to GDP growth will reach 20.9%. The contribution rate of China's imports to global import growth reached 13.4%, which effectively promoted the recovery of the world economy.

    From 2012 to 2021, the import and export of China's trade in goods increased 14.7 trillion yuan, which is close to the total import and export value of the whole year of 2009. After the scale of trade in goods broke through the mark of 30 trillion yuan in 2018, it approach the mark of 40 trillion yuan in 2021, and the international market share will also increase from 10.4% in 2012 to 13.5% last year, and the position of the world's largest country in trade in goods will be more consolidated, fully reflecting that China is not only the "world factory", but also the "world market".

    In addition to the new high in quantity, the quality and efficiency of China's foreign trade have also been continuously improved in the past ten years. The main body of foreign trade business increased by 1.7 times, and the "circle of friends" of foreign trade continued to expand. While maintaining good economic and trade exchanges with traditional trading partners such as the European Union, the United States, Japan and South Korea, China has also actively explored emerging markets such as ASEAN, Africa and Latin America. Among them, it is particularly noteworthy that the proportion of China's trade with countries along the "Belt and Road" in the total value of foreign trade has increased from 25% in 2013 to 29.7% in 2021.

    In the process of promoting the high-quality development of foreign trade, the structure of China's import and export commodities has also become more optimized. In the past ten years, the export-oriented industry has transformed and upgraded from traditional labor-intensive products to high-tech industries, and has continuously expanded the import of advanced technology and equipment, key components and high-quality consumer goods. Knowledge-intensive trade in services maintained rapid growth, and the deficit in trade in services hit a new ten-year low. As a new form of foreign trade, the scale of cross-border e-commerce import and export has increased by nearly 10 times in 5 years.

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