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This is a test for China’s foreign trade, but it will not decline

 

The sudden emergence of the new coronavirus is a test of China’s foreign trade, but this does not mean that China’s foreign trade will decline.

In the short term, the negative impact of this epidemic on China’s foreign trade will soon emerge, but this effect is no longer a “time bomb”. For example, to combat this epidemic as quickly as possible, the Spring Festival holiday in China is usually extended, and the delivery of many export orders will inevitably be affected. At the same time, measures such as stopping visas, sailing and holding exhibitions have suspended personnel exchanges between some countries and China. Negative effects are already present and manifest. However, when the World Health Organization announced that the Chinese epidemic was listed as PHEIC, it was suffixed with two “not recommended” words, and no travel or trade restrictions were suggested. In fact, these two “not recommended” are not intentional suffixes of China’s “face”, but fully reflect people’s recognition of China’s response to this epidemic. They are also a kind of pragmatism, which neither covers nor There is no exaggeration of the epidemic.

In the medium and long term, China’s endogenous growth momentum for foreign trade development remains strong. In recent years, with the acceleration of the transformation and upgrading of China’s manufacturing industry, the transformation of foreign trade development methods has also accelerated. Compared with the SARS period, China’s Huawei, Sany Heavy Industry, Haier and other companies have reached world leading positions. “Made in China” in communication equipment, engineering machinery, household appliances, high-speed rail, nuclear power equipment and other fields also enjoys a high reputation in the market. From another perspective, in order to deal with the new coronavirus, import trade has also played a full role, such as importing medical equipment and masks.

It is understood that in view of the inability to deliver goods in a timely manner due to the epidemic situation, relevant departments are also assisting enterprises to apply for “proof of force majeure” to minimize the losses suffered by enterprises. If the epidemic is extinguished in a short period of time, the easily damaged trade relations can be restored.

For us, an exporter of cold-formed equipment in Tianjin, this is really attentive. Tianjin has confirmed 78 cases of this new coronavirus. Due to effective containment measures by local governments, the incidence of this virus is relatively low compared to other cities.

Relative to the SARS period, whether short-term, medium-term or long-term, the following countermeasures will effectively resist the impact of new coronaviruses on China’s foreign trade: First, we must increase driving forces to actively cultivate new advantages in international competition for innovation. Further consolidate the industrial foundation for the development of foreign trade; the second is to expand market access and continuously improve the operating environment so that larger foreign companies take root in China. The third is to find more international markets in conjunction with the “Belt and Road” construction. Fourth, combined with the “dual upgrade” of domestic industrial upgrading and consumption upgrading, further expand domestic demand and make full use of the opportunities brought by the expansion of the “Chinese branch” of the international market.


Post time: Feb-12-2020

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