The State Council Information Office held a regular policy briefing on the morning of June 30. There are reporters asking, how to evaluate the overall situation of our foreign trade this year? How to judge the situation and trend of foreign trade next year? How to achieve stability and progress on the basis of super high base?

Ren Hongbin said that the overall situation of China's foreign trade in 2021 mainly has "four new". 

First, the scale of foreign trade has reached a new level. China's import and export of goods is expected to reach US $6 trillion this year, an increase of more than 20 percent. This year, China will cross the "two trillion dollars" mark, and its position as the largest trading nation will be further consolidated.

Second, the structure of foreign trade has taken on new characteristics. Emerging markets have closer trade ties with China, accounting for 49.5% of China's exports in the first 11 months of this year. Private enterprises have played a more prominent role in driving China's exports, accounting for 58% of total exports and boosting overall export growth by 20 percentage points. The potential of the central and western regions was constantly released, with the export increasing by 34.9%, higher than the overall export growth rate. The added value of exports continued to increase, with the export of mechanical and electrical products accounting for 59%, the export of electric manned vehicles increasing by 2.5 times, and the unit price increasing by more than 35%.

Third, foreign trade growth gathered new driving forces. Top-level design more perfect, this year issued by the national "high quality" difference "foreign trade development planning", innovation and development to upgrade speed, a new mode to speed up the development of new forms of foreign trade of guidance, cross-border electricity, market procurement double-digit growth, comprehensive foreign trade enterprise for more than 1500, more than 2000 overseas positions, 130 projects have been built into the bonded repair, Offshore trade is also growing rapidly.

Fourth, foreign trade made new contributions to development. In the first three quarters, goods exports accounted for 27.8% of GDP growth, a ten-year high for the same period. The number of registered foreign trade operators increased to 184,000, playing a prominent role in stabilizing employment. We will ensure the import of advanced equipment, key parts and components, important energy and resources, and high-quality consumer goods, maintain the stability of industrial and supply chains, and meet people's needs for a better life. In the first three quarters of this year, China contributed 14.1 percent to global import growth. It exported epidemic prevention materials and vaccines in an orderly manner, supported global cooperation and demonstrated its responsibility as a major country.

Referring to the situation and trend of foreign trade in the next year, Ren Hongbin said: "The situation we will face next year is still complex and grim, with increasing uncertainties and unstable factors, and both ends of supply and demand will bear huge pressure. It is very likely that there will be a 'big gap'." First, the trend of the epidemic is uncertain, Ren added. The Omicron variant has spread to more than 110 countries and territories. Second, the global economic recovery is uneven, with big differences between developed economies and low-income countries. Third, it is difficult to completely alleviate supply chain bottlenecks.

The world economic cycle is blocked, ports continue to be congested, the risk of partial disruption of supply chains is rising, raw materials and transport costs remain high, and problems such as shortages of cores, containers and workers persist.