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Ministry of Commerce: Foreign trade has stabilized and the fundamentals have not changed

Ministry of Commerce: Foreign trade has stabilized and the fundamentals have not changed

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  • Time of issue:2020-09-16
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(Summary description)The spokesperson of the Ministry of Commerce, Shen Danyang, stated at a regular press conference on the 10th that my country’s foreign trade development has stabilized and the fundamentals have not changed, and the advantages of complementing the industries of developed and developing countries have not changed. The trend of accelerating power conversion has also not changed.

Ministry of Commerce: Foreign trade has stabilized and the fundamentals have not changed

(Summary description)The spokesperson of the Ministry of Commerce, Shen Danyang, stated at a regular press conference on the 10th that my country’s foreign trade development has stabilized and the fundamentals have not changed, and the advantages of complementing the industries of developed and developing countries have not changed. The trend of accelerating power conversion has also not changed.

  • Categories:Company News
  • Author:
  • Origin:
  • Time of issue:2020-09-16
  • Views:0
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The spokesperson of the Ministry of Commerce, Shen Danyang, stated at a regular press conference on the 10th that my country’s foreign trade development has stabilized and the fundamentals have not changed, and the advantages of complementing the industries of developed and developing countries have not changed. The trend of accelerating power conversion has also not changed.

   In the first October of this year, my country’s total import and export value was 19.56 trillion yuan, a year-on-year decrease of 1.9%. "From the perspective of growth rate, imports and exports have remained stable. The decline in my country's imports and exports in the first 10 months was the same as that of the previous month. Imports increased by 3.2% in October, maintaining positive growth for three consecutive months." Shen Danyang said.

   Regarding the foreign trade trend throughout the year, Shen Danyang said that, on the whole, the fundamentals of my country's foreign trade development stabilized and improved have not changed.

   But the foreign trade situation is still not optimistic, uncertain and unstable factors have increased, and the growth of international trade has entered a rare low period in history. In this regard, Shen Danyang said that in such a complex and severe situation, the difficulties faced by my country’s foreign trade are not short-term. To achieve the goal of stabilizing and improving foreign trade throughout the year, hard work is required, and the commerce department needs to cooperate with all parties and parties concerned. Local governments have paid close attention to the implementation of policies, not only unswervingly grasping the stability, but also unswervingly adjusting the structure.

When talking about the new anti-dumping proposal submitted by the European Commission, Shen Danyang said that the new method in the European Commission’s proposal replaces the concept and standard of the "non-market economy" with the concept and standard of "market distortion", and has not fundamentally changed. The abolition of the "surrogate country" approach is just a continuation in disguise.

On the 9th, the European Commission formally submitted a proposal to amend its anti-dumping legal system to the European Parliament and the Council to fulfill its obligations under Article 15 of the Protocol on China’s Accession to the WTO, that is, WTO members should be The "surrogate country" practice of anti-dumping against China was terminated on 11th.

   Shen Danyang said that on the issue of fulfilling China’s obligations under Article 15 of the Protocol on Accession to the WTO, China’s clear and consistent position is: After the 15-year transition period ends, the anti-dumping "surrogate country" practice must be cancelled. This is an international treaty obligation that WTO members must abide by. "The method proposed in the European Commission's proposal does not fully and completely fulfill the obligations of Article 15 of the Protocol, and it is also inconsistent with WTO rules. China will reserve the right to take all necessary means to resolutely safeguard its legitimate rights and interests."

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