How can China's foreign trade meet the difficulties when the growth rate drops

The total value of imports and exports of goods trade was 9.42 trillion yuan, an increase of 10.7% year-on-year -- China's foreign trade delivered its first quarterly report on the 13th.
"It is not easy for China's foreign trade to maintain double-digit growth under multiple pressures such as the global epidemic situation is still severe and the external environment is becoming more complex." Zhuang Rui, a professor at the National Institute of opening up of the University of foreign economic relations and trade, affirmed.
Read the first quarterly report carefully: the import and export of general trade increased by 13.9%, accounting for 63.2% of China's total foreign trade import and export value; The number of foreign trade enterprises with import and export performance increased by 5.7% year-on-year; The import and export of private enterprises increased by 14.1%, accounting for 48%; China's growth in one belt, one road, has been 16.7%.
"This fully reflects the characteristics of strong resilience and great potential of China's foreign trade, and there is still a solid foundation for realizing the stable growth of foreign trade." Li Kuiwen, spokesman of the General Administration of customs and director of the statistical analysis department, said.
However, due to the conflict between Russia and Ukraine, frequent local outbreaks, weak domestic demand and high foreign trade base last year, China's foreign trade growth rate fell in the first quarter of this year compared with more than 20% in 2021.

What do you think of the slowdown in foreign trade growth? Can the expected goal of maintaining the stability and improving the quality of import and export in the whole year be achieved, and how to achieve it?

Li Kuiwen said that some unexpected factors in the international and domestic environment exceeded expectations, and there were many favorable and unfavorable factors affecting China's foreign trade development, but the fundamentals of China's strong economic resilience and long-term improvement will not change. While facing up to difficulties and challenges, we should also strengthen and stabilize our confidence in the basic market of foreign trade.
"The central economic work conference and the government work report have put forward a number of measures to stabilize foreign trade, such as strengthening export credit support, optimizing foreign exchange services, accelerating the progress of export tax rebate, etc." Zhuang Rui said that under the current situation, it is necessary to introduce more supporting policies to help enterprises rescue and ensure their implementation, so as to effectively help foreign trade enterprises stabilize orders and production.
As an important force in the development of China's foreign trade, the enhancement of confidence and expectation of private enterprises will help consolidate the foundation for the stability and quality improvement of China's foreign trade.
"We can't wait for the market to change. If overseas buyers can't come, we have to take the initiative." Chen Fangfang, chairman of weiyada Textile Co., Ltd. of Yiwu International Trade City, chose to actively respond to the challenges.
On the one hand, aim at the domestic market and increase the customized products of enterprises. On the other hand, actively explore new foreign markets. "We have established general agents in Poland and Italy and plan to tap the Mexican market this year." Chen Fangfang said.
In addition to maintaining the development resilience of the main body of the foreign trade market, the continuous release of dividends from projects and systems such as China EU trains and the regional comprehensive economic partnership agreement (RCEP) has also brought new opportunities and vitality to the steady growth of foreign trade.
Shantou Xindao Knitting Co., Ltd. recently successfully applied for a certificate of origin under RCEP from Longhu customs under Shantou customs. With this certificate, the company can enjoy tax preference for a batch of webbing exported to Japan, so as to further enhance its local market competitiveness.

"The effective implementation of RCEP has brought broader business opportunities for enterprises to go abroad." The relevant person in charge of the customs office of Shantou Customs said that enterprises have a significantly higher enthusiasm to apply for the certificate of origin under RCEP, and the promotion effect on regional trade has initially appeared.
In the face of challenges, we can only meet difficulties. Zhuang Rui said that one belt, one road and the other, should be grasped by relevant departments and foreign trade enterprises. By promoting the implementation of the regional trade agreements and the utilization ratio of enterprises, the relevant departments and foreign trade enterprises should further enhance the level of trade and investment liberalization and facilitation, and actively expand the broader market, so as to ensure the stable quality of foreign trade and smooth out of the predicament. RCEP