A drone photo shows views of Qingdao port in eastern China's Shandong province on March 13, 2024. [Photo/Xinhua]
Government officials and exporters said on Thursday that despite the many challenges in the global economic situation, China's manufacturing industry's ongoing green transformation and industrial upgrading will drive export growth this year. .
They say many domestic companies are focusing on developing and exporting technologically sophisticated, environmentally friendly and high-value products. These initiatives, along with bilateral and multilateral free trade agreements, will help maintain a healthy growth trajectory into the second half of this year.
In the first four months, China's two-way merchandise trade rose 5.7% from a year earlier to 13.81 trillion yuan ($1.91 trillion), and exports rose 4.9% to 7 trillion yen, according to the General Administration of Customs. The total amount was 810 billion yuan.
Lyu Daliang, head of GAC's statistical analysis department, said that since the beginning of the year, positive factors in the foreign trade field have steadily improved, and the momentum continues to strengthen.
Liu said the growth rate of imports and exports in the first four months had accelerated compared to the first quarter of this year, and the scale was the highest ever for the same period.
According to customs data, Chinese manufacturers exported 4.62 trillion yuan worth of mechanical and electrical products such as electric vehicles, integrated circuits and smartphones from January to April, an increase of 6.9% from the same period last year and the country's total exports. This accounted for 59.2% of the total. .
In terms of new drivers of export growth, the rapid increase in exports of high-tech-intensive green products such as lithium batteries and photovoltaic products, as well as new forms of exports represented by cross-border e-commerce The main factor is the acceleration of trade. Wang Xiaosong, a professor at the School of Economics at Renmin University of China in Beijing, said there are factors currently driving China's exports.
Professor Cui Fan of Beijing University of International Business and Economics agreed, saying that these products are not only in line with global efforts to combat climate change, but also meet the growing demand for green alternatives around the world. He said that
Mr. Cui said that the current production capacity of the world's new energy sector is far from meeting potential market demand, highlighting the importance of China's efforts to promote new energy imports and exports. .
Edward Kieswetter, chairman of the Brussels-based World Customs Organization, said that in addition to focusing on strengthening innovation capabilities, many Chinese companies are looking to collaborate with trading partners in Central and Eastern Europe, Africa, Southeast Asia and the Middle East. He said that he is strengthening the
As tourism and food delivery markets continue to boom in many parts of the world, Nanjing Vmoto Manufacturing Co., a motorcycle manufacturer based in Nanjing, Jiangsu province, has been developing several types of motorcycles since last year to capture market share overseas. We have developed products.
“These bikes feature long battery life and a sturdy delivery box in the back seat,” said Xie Xiangjing, the company's sales manager.
“We have also introduced a lightweight and durable 'shared electric bike' with easily removable and replaceable parts to meet rental demand in the international tourism market.”
In addition to establishing overseas repair stations in major markets, Nanjing Vmoto has a presence in 64 countries and regions, including Greece, Brazil, Malaysia, and France. The total export value of motorcycles and parts in the first quarter increased by 267% year-on-year.
To create more favorable conditions for exporters, China on Thursday signed Authorized Economic Operators (AEO) mutual recognition agreements with Burundi and Iceland in Shenzhen, Guangdong province.
The AEO Mutual Recognition Agreement allows customs authorities to recognize certified AEO companies to streamline customs procedures and aims to strengthen cooperation between customs, businesses, and other government departments.
As of Thursday, China has signed AEO mutual recognition agreements with 28 economies covering 54 countries and regions.
