According to the latest data released by the General Administration of Customs, China's import and export data in the first three quarters increased quarter by quarter, and the total import and export volume in the third quarter increased by 13.8% year-on-year. This is considered to be due to the “selling out” effect of most companies. Will the inhibitory effect of Sino-US trade friction on imports and exports be released in the fourth quarter and later? The Ministry of Commerce held a regular press conference in Beijing on the 18th. The spokesman said at the meeting that China and the United States are in the economic and trade field. With strong complementarity and non-determining factors of trade friction, China’s foreign trade will remain stable and good this year. He stressed that we believe that the general trend will not be reversed and hope that China and the United States can open up the clouds and achieve closer economic and trade cooperation.
In the first three quarters of this year, China's foreign trade achieved rapid growth, mainly due to factors such as the recovery of external demand driven by the global economic recovery and the steady increase in domestic demand due to the steady improvement of the domestic economy. Gao Feng pointed out that in the first three quarters, Sino-US bilateral trade accounted for 13.8% of the country's total foreign trade. The situation of Sino-US trade may be a factor affecting the overall foreign trade situation throughout the year, but it is not a decisive factor.
What should be seen is that the trade friction provoked by the US has caused varying degrees of influence on both Chinese and American companies. Gao believes that in general, Chinese enterprises have limited impact and controllable risks, mainly causing different degrees of influence on some export-oriented enterprises. For enterprises with strong competitiveness and low substitutability, it can be said that the impact is not great; for enterprises with weak product competitiveness and certain substitutability, the pressure is increased, the order is reduced, and some enterprises are facing production stoppage. Risks such as conversion, unemployment of worker.