Since the beginning of this year, the development of global trade has faced multiple pressures, which has also had a certain impact on China's foreign trade. However, with the joint efforts of all parties, China's foreign trade has shown strong development resilience and innovation vitality." At the press conference held by the State New Office on September 28, Guo Tingting, Vice Minister of Commerce, said that the Ministry of Commerce will launch more practical measures to help foreign trade enterprises seize orders and expand the market, and strive to complete the goal and task of promoting stability and improving the quality of foreign trade throughout the year, and contribute to the sustained recovery of the economy. Talking about the current foreign trade development situation, Guo Tingting frankly said that since the beginning of this year, the development of global trade has faced multiple pressures such as continued sluggish demand, intensifying trade protectionism, the impact of the debt crisis on the import capacity of some developing economies, and the spillover of geopolitical influences.
In the face of pressure and challenges, the Party Central Committee and The State Council attach great importance to stabilizing the basic level of foreign trade, and have issued a series of policy measures such as the Opinions on Promoting the Steady scale and Excellent Structure of Foreign Trade. China's foreign trade still shows strong resilience and its competitive advantage is steadily strengthened.
Guo Tingting disclosed a set of data: Compared with the same period in 2019 before the outbreak of the epidemic, the scale of China's import and export and the number of foreign trade subjects increased by more than 30% in the first eight months of this year, the proportion of exports to emerging markets increased by nearly 7 percentage points, the scale of new business forms such as cross-border e-commerce increased by 11 times, and green new energy products became export highlights. At the same time, according to WTO statistics, the total global exports fell by 4.6% in the first half of the year, 1.4 percentage points more than that of China. China's global market share reached 14.2 percent, up 0.4 percentage points from the same period last year.
For the next step of work, Guo Tingting said that at present, the Ministry of Commerce is working with various localities and relevant departments to increase work efforts and launch more practical measures to help foreign trade enterprises seize orders and expand the market. First, increase policy support for trade. It is ready to introduce a number of policy measures to support trade cooperation in new energy vehicles, support the export of used cars, enhance the development level of processing trade, and support the construction of overseas warehouses.
Second, we will strengthen international market exploration. We will hold key exhibitions, further optimize visa policies, and better facilitate business exchanges，At the same time, we will give full play to the trade promotion role of the business agencies of our diplomatic missions abroad.
Third, we will strengthen enterprise-related training and financial services. We will continue to carry out special training and matchmaking meetings on trade hedging, RCEP chain stabilization, and overseas warehouses. We will increase export credit support for foreign trade enterprises, especially small, medium and micro foreign trade enterprises, and further expand the scale and coverage of export credit insurance.
Fourth, promote trade liberalization and facilitation. We will firmly uphold the multilateral trading system with the World Trade Organization at its core, oppose unilateralism and protectionism, adhere to a high standard of opening up, and accelerate the building of a network of high-standard free trade areas to inject more impetus into global economic recovery.
