Key equipment has become the focus of maintaining foreign trade balance

In January this year, China's import and export growth rate showed a double drop, the lowest level in two years. Can the goals of this year’s foreign trade growth of 10% proposed in the “Government Work Report” be achieved? On March 7, Minister of Commerce Chen Deming said at a press conference held at the Fifth Session of the Eleventh National People's Congress that through hard work, the goal can be achieved.

Chen Deming said that negative growth in foreign trade in January is related to the length of the Spring Festival holiday. If you look at January and February, it may be more accurate. Affected by multiple factors, since August of last year, China's external exports have seen an increase in monthly growth. The main reasons for this are the tight internal and external environment of foreign trade development. The international financial crisis is still deepening and spreading. In particular, the European debt issue has affected European consumption, and domestic costs have been pushed up.

In order to achieve the goal of 10% growth, the Ministry of Commerce will proceed from three aspects of stable growth, structural adjustment, and balanced development. At the same time, it will maintain the basic stability of foreign trade policies. For example, maintaining the basic stability of current export tax rebates, accelerating the progress of export tax rebates; stabilizing the exchange rate of RMB; and making the processing trade policy, which accounts for more than 40% of trade volume, remain basically stable. In general, it is to reduce the tax burden on foreign trade companies and increase financial support.

In order to promote trade balance, while stabilizing exports, it will continue to encourage imports, including advanced technology, key equipment , and important raw materials, so as to make trade between China and some of the major trade surplus countries more balanced. In addition, we must build a platform for more underdeveloped countries and emerging market countries to come to China to carry out trade business.

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