Ministry of Commerce： China’s foreign trade started well overall.

CCTV News:On April 14th, Shu Yuting, spokesperson of the Ministry of Commerce, said that since the beginning of this year, China’s foreign trade has withstood the pressure and started well on the whole, laying a good foundation for achieving the annual target.

Shu Yuting said that in the first quarter, China’s total import and export volume reached 9.42 trillion yuan, a year-on-year increase of 10.7%. However, we should also be soberly aware that the environment for foreign trade development is becoming more severe and complicated, and we are facing many risks and challenges.

From an international perspective, the bottleneck of global supply chain has not been alleviated, inflationary pressure has risen, monetary policies in major economies have tightened, and the growth rate of global economy and trade has declined. On April 12th, the WTO lowered its forecast of global economic and trade growth in 2022 by 1.3 and 1.7 percentage points respectively.

From the domestic point of view, local epidemics have occurred frequently recently, and the production and operation of some foreign trade enterprises have been affected, logistics and transportation have been blocked, the supply chain in the Yangtze River Delta and the Pearl River Delta has been sluggish, and the comprehensive cost of enterprises has remained high.

At the same time, however, China’s foreign trade industry has a solid foundation, and the long-term positive fundamentals have not changed. There are still many favorable conditions to achieve the goal of maintaining stability and improving quality in imports and exports.

Shu Yuting, spokesperson of the Ministry of Commerce:The Ministry of Commerce will continue to pay close attention to the changes in the situation, do a good job in the implementation of the policies that have been introduced to stabilize foreign trade, study effective new policies, open up blocking points, solve difficulties and eliminate pain points, fully ensure the stable and smooth supply chain of the foreign trade industry chain, help foreign trade enterprises solve difficulties, and strive to keep foreign trade running in a reasonable range throughout the year.