The impact of the new crown epidemic on China’s foreign trade and exports

The huge national foreign trade system has been affected

In February, the decline in China’s total trade exports became more obvious. Total trade exports fell 15.9% year-on-year to 2.04 trillion yuan, down 24.9 percentage points from the 9% growth rate in December last year. As a developing country, China’s foreign trade growth is among the highest in the world, and under the influence of the world epidemic crisis, China, as the world’s factory, has brought unprecedented foreign trade impact due to its huge trade system and branches.

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Malicious trade barriers to restrict imports

In trade with many developed countries, China has a surplus in commodity trade. Some developed countries with malicious exclusion have formulated a series of purposeful trade barriers to avoid the impact of their own markets by similar Chinese products.

Especially during the epidemic, many developed countries have also taken this opportunity to make a big fuss about green trade, often restricting the import of Chinese goods with the rhetoric of being seriously out of touch with the environment, and taking the opportunity to squeeze out the market share of target commodities. While WHO Director-General Tedros Adhanom Ghebreyesus pointed out that there is no need to restrict travel and trade with China at this time, many governments, airlines and companies have already imposed restrictions.

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It is difficult for domestic companies to cope with product doubts

When the epidemic hit, the global market wait-and-see attitude was obvious, and the World Health Organization (WHO) raised the risk of the new crown virus to the highest level, and external demand was further pressured.

In foreign trade, due to the lack of familiarity with international trade rules of many domestic and foreign trade enterprises, and the lack of a more complete emergency mechanism and response measures, when questioned by products, often make these related trade friction complaints difficult to avoid, can not make an effective defense of the quality and environmental protection characteristics of their own products, the result is often in trade to produce huge losses, and even give more commodity exclusionary developed countries the opportunity to take advantage. When the epidemic hit, the global market wait-and-see attitude was obvious, and the World Health Organization (WHO) raised the risk of the new crown virus to the highest level, and external demand was further pressured.

In foreign trade, due to the lack of familiarity with international trade rules of many domestic and foreign trade enterprises, and the lack of a more complete emergency mechanism and response measures, when questioned by products, often make these related trade friction complaints difficult to avoid, can not make an effective defense of the quality and environmental protection characteristics of their own products, the result is often in trade to produce huge losses, and even give more commodity exclusionary developed countries the opportunity to take advantage.

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Post time: Nov-17-2022