Five new characteristics of China's foreign trade development in 2020!
03/02/2020

First, both the scale of trade and international market share have reached a new level. The total value of imports and exports in 2019 was 31.54 trillion yuan, an increase of 3.4%. Among them, exports were 17.23 trillion yuan, an increase of 5.0%; imports were 14.31 trillion yuan, an increase of 1.6%. The scale of import and export, export, and import all hit a record high. It should be noted that China's export share in the international market has steadily increased in 2019, according to the latest statistics from the WTO. Second, trade quality has improved, and new progress has been made in structural optimization. The layout of the international market has been significantly optimized. Imports and exports with the “Belt and Road” countries have increased by 10.8%, and their proportion has increased by 2 percentage points to 29.4%. Imports and exports to the EU, ASEAN, Latin America, and Africa increased by 8%, 14.1%, 8%, and 6.8%, respectively. The domestic regional layout is more reasonable, with exports in the central and western regions accounting for 18.3%. Among them, processing trade exports accounted for nearly 23% in the central and western regions, and positive results were achieved in undertaking processing trade industry transfers. Commodity structure has been continuously upgraded. Exports of mechanical and electrical products accounted for 58.4%. Exports of high-quality, high-tech, high-value-added products such as integrated circuits and automotive vehicles increased by 25.3% and 8.2%. Advantage. Scientific and technological innovation, institutional innovation, model and format innovation have been continuously strengthened, and new formats and new models have become new driving forces for foreign trade growth. 24 cross-border e-commerce comprehensive test zones were newly established, with cross-border e-commerce retail and market procurement and trade exports accounting for 3.5%, and over 1,000 overseas warehouses, and 8 pilot bonded maintenance projects for processing trade were first tested, supporting 10 provinces and cities Carry out export trials of second-hand cars and realize batch export. The role of foreign trade in the promotion and promotion of industrial upgrading has become more prominent. More and more enterprises have increased investment in research and development, continued innovation, the ability to independently develop diversified markets has been significantly enhanced, and international competitiveness has continued to increase. Fourth, make new contributions to the national economic and social development. As one of the "troikas", foreign trade has provided a strong impetus for stabilizing the overall growth. In the first three quarters of 2019, net exports of goods and services contributed 19.6% of GDP growth. Foreign trade has driven employment of about 180 million people, and import taxation contributed 11.6% of national tax revenue. The trade surplus in goods was US $ 421.51 billion, an increase of 19.8%. It was an important source of the current account surplus, which effectively safeguarded the balance of payments. The expansion of imports has promoted the rational allocation of resources worldwide, optimized the domestic supply system, improved the level of export products and services, and met the needs of the people for a better life. Fifth, inject new vitality into the global economic recovery and trade growth. China has taken the initiative to open its markets to the world and has become the world's second largest import market for 11 consecutive years, with imports accounting for more than 10% of the world's total imports. Since the outbreak of the international financial crisis, China's imports have contributed one-sixth of the increase in global imports, and have been a booster and stabilizer for the global economic recovery. At the same time, the rapid development of foreign trade has promoted the integration of China's economy with the world economy. China is already a major trading partner of more than 120 countries and regions. Play an increasingly important role in