Xinhua News Agency, Beijing, June 9 th, news analysis: The growth rate of foreign trade rebounded in May, reflecting the warmth of the economy and the need to strengthen foreign trade.

　　Xinhua News Agency reporter Zou Duowei and Xie Xiyao

　　According to the data released by the General Administration of Customs on June 9, in the first five months of 2022, the total import and export value of China’s goods trade was 16.04 trillion yuan, an increase of 8.3% over the same period last year. Among them, the import and export in May increased by 9.6% year-on-year and 9.2% month-on-month, respectively, and the cumulative growth rate and monthly growth rate rebounded from last month.

　　Analysts believe that compared with April, the signs of recovery in foreign trade import and export in May sent a positive signal of economic recovery.

　　According to Li Kuiwen, director of the Statistics and Analysis Department of the General Administration of Customs, the import and export of foreign trade achieved steady growth in the first five months, especially in May, the import and export of goods in the Yangtze River Delta region increased by nearly 20% month-on-month, and the import and export recovered significantly.

　　On June 9, 2022, a cargo ship was loading foreign trade containers at the fully automated terminal of Qingdao Port, Shandong Port. Xinhua News Agency (photo by Yu Fangping)

　　Since March this year, foreign trade has been under pressure to slow down due to the epidemic situation in the Yangtze River Delta, Pearl River Delta and other "foreign trade towns" to varying degrees, coupled with the high base in the same period last year, the Russian-Ukrainian conflict and the surge in commodity prices.

　　In order to help foreign trade enterprises to guarantee orders, markets and confidence, the CPC Central Committee and the State Council have recently deployed a series of measures to stabilize foreign trade intensively, and implemented policies to help enterprises out of difficulties in terms of ensuring smooth logistics, increasing fiscal and taxation support, and speeding up export tax rebates and customs clearance efficiency, which effectively helped stabilize the basic market of foreign trade.

　　From the data of foreign trade in the first five months, China’s foreign trade situation has improved, and both imports and exports with major trading partners have increased.

　　In the first five months, ASEAN continued to be China’s largest trading partner, accounting for 14.8% of China’s total foreign trade value; In the same period, China’s economic and trade exchanges with countries along the "Belt and Road" were also closer, with imports and exports increasing by 16.8% year-on-year, accounting for 31.9% of China’s total foreign trade value, effectively promoting the complementary advantages of the industrial chain and supply chain.

　　A series of assistance policies constantly stimulate the vitality of foreign trade market players. The data shows that in the first five months, the number of foreign trade enterprises with import and export performance in China increased by 5% year-on-year, providing solid support for stabilizing foreign trade. Among them, the import and export of private enterprises, the main force of foreign trade, increased by 11.8%, accounting for 49% of China’s total foreign trade value, up by 1.5 percentage points year-on-year.

　　In addition, the export of some high-tech and high value-added products has maintained rapid growth, demonstrating the continuous improvement of the competitiveness of foreign trade export products. In the first five months, China exported 5.11 trillion yuan of mechanical and electrical products, an increase of 7%, accounting for 57.2% of the total export value. Among them, the automobile was 119.05 billion yuan, an increase of 57.6%.

　　On May 26, 2022, in Taihe County, Fuyang City, Anhui Province, workers of a garment enterprise produced garments exported overseas. Xinhua News Agency (photo by Liang Xiaopeng)

　　Regarding the reasons for the rebound in foreign trade growth, Zhang Yu, deputy director of the International Economic and Trade Research Office of the Institute of Finance and Economics of China Academy of Social Sciences, believes that on the one hand, with the improvement of the epidemic prevention and control situation, all localities have gradually resumed work and production, and logistics, transportation, production and operation have improved; On the other hand, a series of measures from the central government to the local government have been accelerated to take effect, which has played a promoting role in stabilizing the basic development of foreign trade.

　　Although the development of foreign trade showed a recovery growth trend, experts said that they should remain awake and should not be blindly optimistic because the data improved.

　　Zhang Yu believes that the current economic situation at home and abroad is still complicated and severe. China’s foreign trade development still faces many uncertain factors such as epidemic situation, Fed’s interest rate hike, geopolitics, exchange rate fluctuations, etc. It is still necessary to further resolve the pressure and stabilize expectations to maintain stability and improve the quality of foreign trade.

　　The the State Council executive meeting held on June 8th emphasized that stabilizing foreign trade and foreign investment is related to the overall economic situation and the overall employment situation. While implementing the policy of stabilizing foreign trade and foreign investment, we will further increase support. The meeting made further arrangements from the aspects of expanding the import of high-quality products, maintaining the stability of the international industrial chain supply chain, and studying the phased reduction and exemption of port-related charges.

　　"The superposition of these policies will definitely promote the growth of foreign trade." Wang Shouwen, vice minister of the Ministry of Commerce and deputy representative of international trade negotiations, said that while closely monitoring the operation of foreign trade, all localities and relevant departments should also introduce some local support measures in light of the actual situation, so as to improve the efficiency of policy implementation and enable foreign trade enterprises to achieve stable growth and improve quality by enjoying policy dividends under a series of uncertainties.

　　For the future trend of foreign trade, experts said that with the effective implementation of a package of policies and measures to stabilize growth, foreign trade logistics will be further unblocked, and enterprises will resume work to reach production and speed up further, and China’s foreign trade is expected to continue to maintain a warming momentum.

　　China Economic Net, Beijing, August 25th (Reporter Yang Miao) With the release of GDP in the first half of the country, various provinces and cities in China have successively released the "report cards" of GDP in the first half of 2016. According to the statistics of China Economic Net from official website of the National Bureau of Statistics, at present, all 31 provinces and cities have published their GDP data for the first half of 2016.

　　The data shows that the GDP growth rate of 23 provinces in the first half of the year outperformed the national GDP growth rate of 6.7%. The growth rates of Beijing, Shanghai and Jilin were the same as the national growth rate, and only Yunnan, Hebei, Heilongjiang, Shanxi and Liaoning were lower than the national growth rate.

　　China Economic Net found that the situation in the three northeastern provinces improved in the second quarter, and the GDP growth rate in Jilin was equal to the national level. Although the GDP growth rate in Liaoning Province was still negative, the growth rate increased.

　　China’s GDP increased by 6.7% in the first half of the year.

　　The national economy is generally stable.

　　The National Bureau of Statistics recently released the national economic data for the first half of the year. It is understood that the GDP in the first half of the year was 34,063.7 billion yuan, with a year-on-year increase of 6.7%, and the growth in the second quarter was 6.7%, which was the same as that in the first quarter. On the whole, the national economy has maintained a generally stable, steady and progressive development trend.

　　Among them, the added value of the primary industry was 2,209.7 billion yuan, a year-on-year increase of 3.1%; The added value of the secondary industry was 13,425 billion yuan, up by 6.1%; The added value of the tertiary industry was 18,429 billion yuan, up by 7.5%.

　　According to experts’ analysis, it is really hard-won for China’s economy to achieve 6.7% growth in the context of the continued slowdown of world economic growth.

　　Of the 12 western provinces, only Yunnan’s growth rate has not exceeded the national level.

　　Chongqing’s growth rate for 10 consecutive quarters is "among the best"

　　It can be found from the table that the year-on-year GDP growth data of 31 provinces and cities in the first half of 2016 shows that Tibet, Chongqing and Guizhou lead the country in this indicator, with GDP growth rates of 10.6%, 10.6% and 10.5% respectively. The top three were all taken by the western provinces. On the whole, except Yunnan, the other 12 western provinces all exceeded the growth rate of 6.7% in the first quarter of the country, and the economic development momentum of the western provinces continued to increase.

　　The transcripts of Chongqing and Guizhou in the first half of the year were still bright, and the growth rate remained in the top three, with an increase of more than 10%.

　　According to China Economic Net, Chongqing has maintained its economic growth rate in the forefront of the country for ten quarters under the great downward pressure. Zhang Fumin, deputy director and spokesman of Chongqing Municipal Bureau of Statistics, said that it is not easy for Chongqing to maintain such a high growth trend. He believed that the rapid development of five functional regions, industrial transformation and upgrading, structural adjustment, accelerated formation of new impetus and new economy worked together to support the beautiful economic landscape of Chongqing in the first half of the year.

　　In addition, Guizhou’s performance has been excellent in recent years. Luo Guanghua, a professor at the Party School of Guizhou Provincial Party Committee, pointed out that Guizhou’s rapid economic development is mainly due to the small total GDP, which is relatively fast.

　　The GDP growth rate of the eight provinces in the first half of the year declined compared with the first quarter.

　　Hainan has the largest decline.

　　According to the statistics of China Economic Net, as can be seen from the table, compared with the GDP growth rate in the first quarter, the GDP growth rate of Chongqing, Tibet, Jiangsu, Hainan, Henan, Shaanxi, Inner Mongolia and Beijing declined in the first half of the year. The GDP growth rate of Jiangxi, Anhui, Fujian, Qinghai, Shandong, Shanghai and Yunnan was the same as that of the first quarter. The GDP growth rate of other provinces has increased compared with the first quarter.

　　Among them, Ningxia, Xinjiang and Gansu increased significantly compared with the first quarter. Xinjiang’s GDP increased by 8.0% last year, 1.1 percentage points faster than the 6.9 in the first quarter.

　　Wang Yue, deputy director of the Statistics Bureau of Xinjiang Uygur Autonomous Region, pointed out at the press conference that under the guidance of a series of steady growth measures, the steady growth trend of Xinjiang’s economy has not changed, the pace of structural adjustment, transformation and upgrading is gradually accelerating, and the quality and efficiency of economic growth are gradually improving.

　　Compared with the first quarter, Hainan’s GDP growth rate in the first half of the year dropped significantly by 1.6 percentage points.

　　Jilin’s GDP in the first half of the year "tied" the national growth rate

　　The economic development of the three northeastern provinces has "recovered"

　　China’s economic development has entered a new normal, facing structural adjustment and transformation. De-capacity has been ranked among the "five major tasks" of economic work in 2016, and supply measurement reform is a high-frequency word this year.

　　According to China Economic Net, in the ranking of GDP growth rate of 31 provinces in China in 2015, the economic growth rate of 5 provinces was lower than 6.9%, including Liaoning, Shanxi, Heilongjiang, Jilin and Hebei, among which Liaoning ranked first from the bottom with a growth rate of 3%. In the first quarter of 2016, these five provinces once again ranked the fifth after the GDP growth rate, and Liaoning experienced negative growth for the first time.

　　From the data of the first half of the year, the three northeastern provinces are divided, and the overall situation of Jilin is obviously better than that of Liaoning and Heilongjiang. The GDP growth rate in the first half of the year tied the national level, which is the first time since 2014, which strongly responded to the argument of singing the decline of the Northeast economy.

　　Although Heilongjiang Province is still ranked last, it has maintained a steady upward trend compared with the first quarter. Although Liaoning Province continued the negative growth trend in the first quarter, the data also picked up.

　　Yao Jingyuan, a special researcher in the State Council Counselor’s Office, once said that the three northeastern provinces have the foundation and conditions, and the economic growth rate can pick up. Taking the manufacturing industry as an example, the northeast has advantages that many provinces do not have.

　　In order to revitalize the economies of the three northeastern provinces, according to China Economic Net, the National Development and Reform Commission recently issued the "Three-year Rolling Implementation Plan for Promoting the Revitalization of Old Industrial Bases in Northeast China (2016-2018)", focusing on four core tasks: improving institutional mechanisms, promoting structural adjustment, encouraging innovation and entrepreneurship, and ensuring and improving people’s livelihood. In addition, the implementation plan also clearly speeds up the improvement of the government management system, deepens the reform of state-owned enterprises, and promotes the development of private economy, including formulating and organizing the implementation of the reform plan of state-owned enterprises in Northeast China, and reorganizing and forming a number of state-owned capital investment companies and operating companies in Northeast China.

　　The GDP growth rate of eastern provinces is not as fast as that of western provinces.

　　Policy inclination promotes economic development in western China

　　Judging from the numerical changes of GDP of 31 provinces and cities in the first quarter, the top three are all eastern coastal areas, namely Guangdong, Jiangsu and Shandong. The total GDP in the first half of the year was 3,735.759 billion yuan, 3,653.173 billion yuan and 3,168.829 billion yuan, and the three provinces continued to sit firmly in the "trillion club".

　　China Economic Net found that although Guangdong and Shandong ranked in the top three in terms of total GDP, Guangdong ranked 19th and Shandong ranked 20th in terms of GDP growth rate of 31 provinces and cities in the first half of the year, and their GDP growth rates were not very high, at 7.4% and 7.3%, far less than those of many western provinces.

　　China Economic Net understands that the eastern provinces of China are developing export-oriented economies, and the economic growth rate will inevitably be adjusted due to the global economic downturn. Compared with the eastern region, the central and western regions have undertaken a number of industrial transfers in recent years, and they have been tilted by national policies. These factors will promote the economic development of the western region.