The 2023 government work report has made it clear that imports and exports should continue to play a supporting role in the economy. Analysts believe that, judging from recent official information, efforts to stabilize foreign trade will be made from three aspects in the future.
First, cultivate new “hit products”. According to official data, the highlights of my country’s recent exports lie in the “three new products” of automobiles, lithium batteries and photovoltaic products. In the first two months, the year-on-year growth rate of my country’s automobile exports was as high as 78.9%. It is expected that in the future, my country will take more practical and effective measures in optimizing product structure and cultivating new growth points of trade.
Second, deepen the cultivation of emerging markets. In the face of rising uncertainties in the global economy and trade, the trade volume between my country and ASEAN has maintained a high growth rate of nearly 10% in the first two months, which is quite rare among my country’s major trading partners, which shows the strong complementary and great potential of trade between the two sides .
Third, accelerate the development of new trade formats and models. Some time ago, cross-border e-commerce and digital trade played a significant role in the “breakthrough” of China’s foreign trade, and will continue to play an important role in the future.
Wang Wentao said that in the future, we will coordinate and promote the rapid and healthy development of new formats and models such as cross-border e-commerce, overseas warehouses, and bonded maintenance. In addition, it will follow the trend of industrial transfer to the central, western and northeastern regions, improve the quality of trade in the eastern region, and increase the proportion of trade in the central, western and northeastern regions.
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Post time: Mar-13-2023