With the release of customs figures in March, the total volume of imports and exports has declined for five consecutive months. However, Yao Jian, a spokesperson for the Ministry of Commerce, is more optimistic about the future trend of foreign trade. He said that there is still full confidence in the foreign trade situation in 2009.
This source of confidence may be a new bright spot in exports. Yao Jian believes that under the product subdivision, China's exports also have a new growth point of “following the trendâ€. The export of large-scale equipment manufacturing industry is currently in good shape and has growth potential. He also said that in the next step of improving foreign trade exports, financial and insurance support for large-scale complete sets of equipment will be further increased.
In the field of foreign trade research, the upgraded products of the manufacturing industry are also known as the new "Made in China", including industrial complete sets of equipment, power station port construction infrastructure equipment and so on. In fact, the export potential of former labor-intensive products is not large, and a considerable number of enterprises have begun to expand the space for export to domestic sales.
The new export opportunities for the equipment manufacturing industry have emerged under the global financial crisis. Countries are all introducing policies to stimulate their own economic development. Among them, infrastructure construction is the most important government-promoting economic means, including roads and telecommunications equipment for countries to increase construction. Construction of power stations, ports, etc. This requires a large number of complete sets of industrial equipment, and Chinese products are still competitive in this respect.
As China is currently undertaking large-scale infrastructure construction, equipment manufacturing products have the characteristics of scale effect, and the production volume of products is higher than that of the conference. Therefore, while meeting domestic demand, enterprises will also increase production and expand overseas markets. power. Developed countries are also transferring these industries with certain technological content to developing countries. China has become one of the dominant countries to undertake industrial transfer, and it also has the opportunity to develop the industry. Therefore, if the government's trade financing support is increased, it will also have an effect on stabilizing exports.
Yao Jian said that the next step in improving foreign trade exports will include further increasing financial and insurance support for large-scale equipment. He said: "Due to the impact of the financial crisis, overseas demand has shrunk, and trade finance has also exerted great pressure. This is an important factor restricting the export of large equipment." In the export share, including large-scale equipment The major categories of electromechanical products account for 70% of China's overall trade volume, affecting the benefits of foreign trade.
At the same time, under the risk chain of overseas financial institutions, the domestic financing demand of Chinese equipment manufacturing enterprises is rising. Yao Jian told CBN that he believes that there are already mature conditions for domestic financial support. First of all, the profitability of the Chinese banking industry is good, in addition to the further increase in foreign exchange reserves. He believes that while providing trade financing for the equipment manufacturing industry, it is also conducive to the practice of China's financial industry to participate in international economic and trade activities.
Not long ago, the "Credit Structure Adjustment Opinion" issued by the Central Bank's Banking Regulatory Commission also stated that it must increase the necessary financing support for the top ten revitalization industries, including the equipment manufacturing industry, and earnestly do a good job in supporting financial support and services.
Currently, policy banks will be the mainstay of providing trade finance. Yao Jian believes that due to the large amount of funds for some projects, the syndicated banks and the syndicated banks of several commercial banks, the mixed loans that will participate together will also be the main form.
The above trends have already appeared in some regions. Some industry commentators believe that Shanghai's advanced manufacturing industry has already sniffed business opportunities. Shanghai has a number of domestic feeders, large aircraft, power station equipment, ships, ports and marine equipment, and rail transit. Advanced manufacturing industries such as equipment, as well as regional advantages of financial financing, can expand the international market with new financial products such as financial leasing.
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