Foreign Trade Import and Export Diversification and Export Growth of High Value-added Mechanical and Electrical Products

category:Finance
 Foreign Trade Import and Export Diversification and Export Growth of High Value-added Mechanical and Electrical Products


Li Kuiwen, director of the statistical analysis division of the General Administration of Customs: in the first seven months, the potential of trade cooperation between China and the countries along the belt and road has been continuously released, and the trade growth rate is higher than the same period. Chinas foreign trade overall growth rate is 6 percentage points in the same period, and the import and export of foreign trade is more diversified.

Tu Xinquan, Dean of China World Trade Organization Research Institute, University of Foreign Economic and Trade: In developed countries, our exports to the European Union and Japan have also increased, and the growth rate is higher than the average. In fact, our complementary relationship with developed countries is still very strong, and their demand for consumer goods in our electromechanical field is very great.

Data show that Chinas exports of mechanical and electrical products in the first seven months of this year amounted to 5.5 trillion yuan, an increase of 6.1%, accounting for 58% of Chinas total foreign trade exports. Among them, exports of some products with higher added value maintained a good growth trend. Exports of electrical and electronic products increased by 7% to 2.44 trillion yuan.

Tu Xinquan, Dean of China World Trade Organization Research Institute, University of Foreign Economics and Trade: Export structure is developing further from low-end to high-end. The proportion of mechanical and electrical products is increasing. There are more and more independent brands and designs of Chinese enterprises going to the world.

Source: CCTV responsible editor: Zhong Qiming_NF5619