Trade activity continues to rise External demand shows signs of recovery Foreign trade enterprises export orders improved for six consecutive months on December 14, Ministry of Commerce spokesperson Shu Jueting said at a regular press conference that in recent months, China's trade in goods showed a steady upward momentum, in terms of RMB import and export growth picked up for four consecutive months. Both October and November saw positive growth. Shu Jueting said that on the whole, the positive factors for the development of foreign trade continue to accumulate, and the stabilization trend continues to consolidate: first, trade activity continues to rise. China's export trade volume has increased from a year-on-year decline since August, and the growth rate has continued to expand, and exports rose 12% in November, reaching the peak since the second quarter. At the same time, import trade volume has maintained positive growth for 10 consecutive months. The steady growth of volume is an important support for the stable and excellent structure of foreign trade.
Second, external demand is showing signs of recovery. In November, China's exports to the United States ended a 14-month decline to grow 9.6%, while the decline in imports and exports to Japan and South Korea narrowed. Mobile phones, home appliances and other consumer electronic products pick up momentum is obvious, in November, the growth rate of integrated circuit imports for the first time in the year turned positive, imports increased for three consecutive months, showing that the export demand for terminal electronic products has improved. Third, business expectations continued to improve. The Ministry of Commerce tracking survey shows that the export orders of foreign trade enterprises have improved for six consecutive months.
"Since the fourth quarter, many cross-border e-commerce platforms have further won the favor of consumers in many countries by holding promotional activities, increasing traffic investment and improving service levels, and performed well in the holiday shopping season." Shu Jueting, for example, said that since the beginning of this year, China's cross-border e-commerce continues to maintain rapid growth. In the first three quarters, the import and export of cross-border e-commerce was 1.7 trillion yuan, an increase of 14.4% year-on-year, driving the growth rate of import and export of goods trade in the same period by more than 1 percentage point. Shu Jueting said that next, the Ministry of Commerce will, in accordance with the deployment of the Central Economic Work Conference, work with relevant departments and localities to cultivate new momentum for foreign trade, consolidate the basic foreign trade and foreign investment, expand new space for foreign trade, and provide a solid policy and service guarantee for the development and innovation of foreign trade enterprises.
