China Is A Positive Contributor To The Recovery Of International Trade.

A spokesman for the Ministry of Commerce pointed out that the world economic downturn was the root cause of Global trade slowdown.

The spokesman stressed that "since the international financial crisis, China has been a positive contributor to promoting global economic growth and promoting the recovery of international trade".

In September 27th, the World Trade Organization (WTO) released the trade outlook report, which lowered the growth rate of global merchandise trade volume from 2.8% in April to 1.7% in 2016. The report said that the slowdown was due to slowing economic and trade growth in developing economies such as China and Brazil and the decline in North American imports.

In response, the spokesman pointed out that WTO's latest outlook report lowered the growth rate of global merchandise trade in 2016.

This further shows that the global economic recovery is weak, the international market demand is low, and the uncertainties are increasing. It is still in the deep adjustment period since the international financial crisis.

The spokesman said WTO believes there are many reasons for the slowdown in Global trade in goods.

World economic slump is the root cause of Global trade slowdown.

The market turmoil has increased the uncertainty of Global trade recovery, and the trend of anti trade trend has promoted the trade policy of all countries and the rise of trade protectionism.

The spokesman stressed that since the international financial crisis, China has been a positive contributor to both global economic growth and the revival of international trade.

According to data released by the International Monetary Fund (IMF), as the world's second largest economy, from 2009 to 2015, China's contribution to global economic growth is over 25% every year.

In recent years, on the higher development base, under the severe and complicated international environment and the deep contradictions that have accumulated for a long time in China, China relies on reform and innovation, the economy keeps growing at medium and high speed, and the structure speeds up pformation and upgrading.

In the first half of 2016, China's economy grew by 6.7%, ranking among the leading economies in the world.

suffer

In recent years, China's foreign trade growth has slowed down, but it is still better than the world's major economies.

In terms of trade volume, China's exports accounted for 13.8% of the world's share in 2015.

In the first 8 months of 2016, the cumulative decline in China's foreign trade imports and exports narrowed for 6 consecutive months, showing a trend of stabilization.

Judging from the volume of trade, WTO statistics show that global export volume and import volume increased by 0.7% and 0.2% respectively in the first half of 2016.

Over the same period, China's export volume and import volume increased by 0.6% and 3% respectively, which is generally better than the global average.

As a global trading power, China has implemented a positive import policy in recent years, expanding its domestic market.

It has not only met domestic economic growth and consumption demand, but also made important contributions to stabilizing the international commodity market and Global trade volume.

Over the years, China's imports of bulk commodities continued to grow rapidly.

From January 2016 to August, the import volume of 10 types of bulk commodities, such as crude oil, iron ore, natural gas, copper, copper concentrate and soybeans, continued to grow, with the growth rate ranging from 3.1% to 34.6%.

What needs special explanation is that at present, about 1/3 of China's foreign trade imports and exports are realized through processing trade.

Due to the long-term weakness of international market demand, China's processing trade imports have declined for 19 consecutive months, with an average decline of more than 10%, which is an important factor in pulling down China's overall import growth.

At the same time, China is the main "victim" of Global trade protectionism.

According to the relevant reports released by WTO in June this year, 145 new trade restrictions were implemented in the group of twenty (G20) economies from October 2015 to May 2016, with an average of nearly 21 new measures each month. The monthly number of new measures is the highest level that WTO has been monitoring since 2009.

In the first 8 months of this year, China suffered 85 trade relief investigations initiated by 20 countries (regions). The amount involved was $10 billion 300 million, the number of cases increased by 49%, and the amount involved increased by 94%.

The spokesman said that China is willing to continue to uphold the concept of international trade liberalization with the rest of the world, further open wider to the outside world, continuously improve the level of trade facilitation, actively implement the consensus of the summit, firmly oppose all forms of trade protectionism, and work together to push world trade out of the trough as soon as possible and promote the sustainable growth of Global trade.