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Will the outbreak rebound in Europe and the US affect China's foreign trade? National Bureau of Statistics response
Home » Blog » Will the outbreak rebound in Europe and the US affect China's foreign trade? National Bureau of Statistics response

Will the outbreak rebound in Europe and the US affect China's foreign trade? National Bureau of Statistics response

Views:0     Author:Site Editor     Publish Time: 2020-11-23      Origin:Site


China News Service, Beijing, Nov. 16 (Reporter Wang Enbo)China's import and export trade will remain better than the overall global situation despite the uncertainty of the international situation, fu Linghui, spokesman for the National Bureau of Statistics (NBS), said Tuesday in Beijing.

On November 16, the State Council held a press conference on the operation of the national economy in October in Beijing.National Bureau of Statistics spokesman Fu Linghui said the national economy recovered steadily in October.Production rose steadily, demand picked up steadily, employment continued to improve, prices were generally stable, market expectations were positive, and the national economy continued its steady recovery.Photo by China News Service reporter Yang Kejia

In October, China's imports and exports of goods totaled 2,837 billion yuan, up 4.6 percent from a year earlier, according to official data.Of this, exports amounted to 1619.4 billion yuan, up 7.6%.Imports totaled 1217.6 billion yuan, up 0.9%.

Fu Linhui said at a press conference held by the State Council Information Office that global trade in goods has declined this year due to the impact of the epidemic, but China's situation is better than that of the world.This fully demonstrates that China's foreign trade has great potential and is quite resilient.

He pointed out that the impact of the epidemic has had a negative impact on global demand, but at the same time, there are also some demands, especially for epidemic prevention supplies.To be specific, the demand for masks, medical equipment and other epidemic prevention materials has increased significantly.Second, there is an increase in demand for work and living at home, which is some new demand arising from the epidemic.Third, the epidemic has had some important impact on supply, adversely affecting production and supply links in some countries.

Fu said that under the influence of the above three factors, Chinese enterprises have been actively adjusting their cooperation to support the global epidemic prevention, and the export of masks, medical equipment and other materials has increased significantly.In the first 10 months, China's textile exports, including masks, exceeded 900 billion yuan, with a year-on-year growth of more than 30%. The growth of medical devices also maintained a high speed.

At the same time, Chinese enterprises have obvious advantages in home appliances and information electronics. Driven by the "stay-at-home economy", their exports of home appliances, laptop computers and mobile office equipment have increased significantly.In the case of global supply disruption, China's foreign orders shifted to the domestic market, supporting export growth, which also played a very strong driving role in the development of China's foreign trade.

Fu Linghui believes that in the later stage, although some European and American countries are facing the impact of the second impact of the epidemic, the growth of foreign trade may face uncertainties.On the whole, However, China has made remarkable achievements in epidemic prevention and control, and its enterprises have resumed work and production and operations. Even with uncertainties in the international situation, China's import and export trade will continue to be better than the overall global situation.(after)



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