In this year, under the strong leadership of the Central Committeeof the Communist Party of China and the State Council, Ministry of Commerce hasmade great efforts to implement a series of policies for promoting thedevelopment of foreign trade together with all regions and departments and hasactively responded to China-US trade friction. Then in the first half year of2018, foreign trade has realized rapid growth, import and export scales havereached an unprecedented level, structure has continued to be improved,transformation impetus has been accelerated, quality and efficiency have beenfurther improved and momentum of making improvement amid stability has been furtherconsolidated, all of which have laid solid foundation for high-qualitydevelopment of foreign trade. As customs statisticsshow, the total amount ofimport and export is 14.12 trillion yuan in the first half year, with anincrease of 7.9% year on year.
The total export is 7.51 trillion yuan with an increase of 4.9%,while it is 6.61 trillion yuan for import with an increase of 11.5%. The tradesurplus has reached 90.132 billion yuan while narrowing down by 26.7%. Ifcalculated in US dollar, the total amount of import and export is US$ 2.21trillion in the first half of year, with an increase of 16%; The total exportis US$ 1.17 trillion with an increase of 12.8%, while the total import isUS$1.03 trillion with an increase of 19.9%. The trade surplus has reached US$13.965 billion and has narrowed down by 21.6%.
Official from the Department of Foreign Trade pointed out thatChina’s foreign trade in the first half year of 2018 mainly showed thefollowing features:
In terms of the commodity structure, the export of mechanical andelectrical products reached 4.4 trillion yuan, up 7% and accounting for 58.6%.Among these, mobile cars, cell phones and computers increased by 14.9%, 10.7%and 6.0% respectively. The export of 7 kinds of traditional labor-intensiveindustries like textile and garment reached 1.41 trillion yuan, down 4.1%. Theimport of mechanical and electrical products was 2.92 trillion yuan, up 11.4%;among these, the import of metal-working machine tools, integrated circuits andcomputers increased by 28.0%, 22.7% and 17.7% respectively.
In terms of the main business entities, exports of privateenterprises reached 3.57 trillion yuan, up 7.6%, taking up 47.5% of the totalexports with 1.2 percentage point higher than that of the same period of lastyear and kept its position as the largest business operator. The exports offoreign-invested enterprises reached 3.12 trillion yuan, up 1.6%, taking up41.5%. The exports of state-owned enterprises reached 821.2 billion yuan, up7.1%, taking up 10.9%.
In terms of trade mode, the amount of imports and exports of generaltrade reached 8.33 trillion yuan, up 12.2% year on year, taking up 59% of thetotal volume of foreign trade, 2.3 percentage points higher than that of thesame period of last year. The imports and exports of processing trade was 3.73trillion yuan, up 0.5%, taking up 26.4%. The imports and exports ofsmall-amount trade in the border areas was 124.69 billion yuan, up 5.8%, takingup 0.9%.
In terms of international market, China’s exports with traditionalmarkets like the US, the EU and Hong Kong increased by 5.7%, 4.0% and 5.8%respectively; China’s import and export with emerging markets like countriesalong the “Belt and Road” routes and the BRICS countries kept a rapid growth. Theimport and export volume with Vietnam, Indonesia, Russia and Brazil grew by19.8%, 18.8%, 16.0% and 15.4% respectively.
In terms of regional distribution, the imports and exports of thecentral and western areas grew by 15.3%, 7.4 percentage points higher than theoverall growth, and the proportion was up to 15.6%, 1 percentage point higher.Among these, the imports and exports of the central area reached 1.11 trillionyuan, up 13.0%; the imports and exports of the western area was 1.09 trillionyuan, up 17.8%. The imports and exports of the eastern area was 11.92 trillionyuan, up 6.6%, taking up 84.4%.
We will take comrade Xi Jinping’s Thought on Socialism with Chinesecharacteristics for new era as the guidance and solidly build and implement newdevelopment concepts. In accordance with tasks and requirements proposed byGovernment Work Report, we should adhere to the general work guidance of makingprogress while maintaining stability,, deepen structural reform of supply sideof foreign trade, intensify the cultivation of business and trade types,promote gradient transfer of processing trade towards central and westernregions and the innovation development, actively expand export, make greatefforts to prepare the first China International Import Expo, further improvetrade facilitation, strengthen the high-quality development of foreign tradeand large trade nation construction and make greater contributions to nationaleconomy and social development.