As an important symbol of the continuous transformation and upgrading of China’s export product structure, the export proportion of mechanical and electrical products continues to increase in recent years. A few days ago, industrial products including mechanical and electrical products, light industrial products and other industrial products speed up the “go to sea” to meet the policy benefits. The Ministry of Industry and Information Technology and other three departments recently jointly issued the “Notice on consolidating the recovery trend and Strengthening the revitalization of Industrial Economy”, which detailed deployment of the stabilization of industrial product export work, A series of specific measures were put forward in terms of establishing a service guarantee system, improving transportation efficiency, increasing credit and insurance, supporting the development of new business forms, and assisting enterprises to participate in the exhibition and receive orders.
Industry insiders pointed out that the release of the Notice is conducive to further stimulate the export potential of industrial products, accelerate the improvement of industrial enterprises’ international competitiveness, for the stable recovery of industrial economy “add strength”, promote the stability and quality of foreign trade.
Unleash the export potential of industrial products

“Now we receive export orders for 40 to 50 standard containers of NEVs every month, which means 120 to 150 cars are exported every month.” Recently, a staff member of a freight forwarding company in Shanghai said that overseas demand for China’s new energy vehicles has soared, and the original ro-ro ship transportation has been unable to meet the capacity demand, but now it is switched to containers, and the business is still very busy.

Nationwide, Chinese auto companies exported a record 337,000 vehicles in October, up 46 per cent from a year earlier, according to the China Association of Automobile Manufacturers. In the first 10 months, Chinese auto companies exported 2.456 million vehicles, up 54.1% year on year. For now, China has overtaken Germany to become the world’s second-largest auto exporter after Japan.

While some industries have achieved substantial development, the industry has also noticed that the overall growth rate of domestic industry is facing a certain downward pressure. The release of the Notice has released a signal to stabilize industrial development and further stimulate the export potential of industrial products. Liu Xingguo, a researcher and director of the Enterprise Research Department of China Enterprise Council, said in an interview with International Business Daily that the country attaches great importance to industrial exports mainly for two reasons: First, the growth rate of domestic industrial production has slowed down. Although the industrial production has basically kept fluctuating since May, and the year-on-year growth rate of industrial added value above designated size rose to 6.3% in September, the industrial growth rate in October dropped significantly. Second, the value of industrial companies’ export deliveries has fallen since June. Data released by the National Bureau of Statistics showed that the value of industrial enterprises’ export deliveries fell from 1.41 trillion yuan to 1.31 trillion yuan in the June-October period, with the year-on-year nominal growth rate falling from 15.1% to 2.5%.

“Industrial production is facing the dilemma of weak international demand and weak domestic production growth. Measures need to be taken to promote export growth to accelerate the recovery of industrial production.” Liu Xingguo said.

All links will pay close attention to policy implementation

Specifically, the circular proposes to ensure the stability of the foreign trade industry chain, guide local governments to establish a service guarantee system for key foreign trade enterprises, timely solve the difficult problems of foreign trade enterprises, and provide protection in production, logistics, labor and other aspects; We will improve the efficiency of port collection and distribution and domestic transport to ensure that import and export goods are transported faster. We will further increase support for export credit insurance and make a solid effort to supply foreign trade credit. Speeding up the transport of new-energy vehicles and power batteries via China-Europe Express trains; Support the development of cross-border e-commerce, overseas warehouses and other new forms of foreign trade; We will encourage all localities to actively utilize existing channels such as the special fund for foreign trade development to support micro, small and medium-sized enterprises to participate in overseas exhibitions and expand their orders. Hold the 132nd Canton Fair online exhibition well, expand the scope of exhibitors, extend the exhibition time, and further improve the effectiveness of the transaction.

“High overseas inflation and the dampening effect of monetary policy tightening on demand gradually emerged, combined with China’s high export base last year, affected the year-on-year growth of industrial product exports in October. But in absolute terms, foreign trade growth remains resilient.” Zhou Maohua, a macro researcher in the financial market department of Everbright Bank, said in an interview with International Business Daily that with the adjustment of domestic epidemic prevention policies, the policy of ensuring supply and stabilizing prices and helping enterprises continue to advance, the production of industrial enterprises will be further recovered. At this time, introducing policies and measures to stabilize the export of industrial products, focusing on providing service guarantees, unblocking export channels, and exploring the international market can help industrial producers better respond to external pressures and stabilize foreign trade and the economy.

In Liu Xingguo’s opinion, China’s export growth of industrial products needs to actively respond to three pressures: First, some countries promote the “de-sinification” of the industrial chain and supply chain, which to some extent reduces the demand for Chinese industrial products. Second, with the adjustment of the international epidemic situation and prevention and control policies, the recovery of industrial production in emerging economies has accelerated and external competitive pressure has increased. Third, the large export base of China’s industrial products makes it more difficult for China to continue to achieve rapid growth.

To this end, Liu Xingguo suggested that efforts should be made in five aspects to stabilize the export of industrial products and pay close attention to the implementation of policies. First, more industrial production enterprises should be encouraged to innovate trade methods and actively explore the international market. Second, we will encourage enterprises to pursue innovative development and enhance their export competitiveness through technological, product and management innovation. Third, we will continue to deepen reform, improve the facilitation of all aspects of export business, implement policies that benefit enterprises, reduce the overall costs and expenses of export trade, and better stimulate the motivation and vitality of export enterprises. Fourth, we will build and operate export trade platforms and meticulously organize export trade exhibitions and exhibitions. Fifth, we will provide better services and guarantees for export trade, provide financing support to export enterprises, and coordinate efforts to resolve domestic and international logistics bottlenecks.