On the morning of the 17th, the Ministry of Commerce held a regular press conference. Shen Danyang, spokesman of the Ministry of Commerce, said that since March, the cumulative decline in China's foreign trade exports has narrowed for five consecutive months, and foreign trade exports are better than the United States, Japan, South Korea, Russia, India and other major economies in the world. The trend of China's foreign trade returning to a steady and good direction remains unchanged.

According to customs statistics, China's import and export volume in the first seven months of January was 13.21 trillion yuan, down 3% year-on-year. Among them, exports were 7.6 trillion yuan, down 1.6 percent; Imports were 5.61 trillion yuan, down 4.8 percent; And the surplus was 1.99 trillion yuan, an increase of 8.7 percent. (In dollar terms, China's imports and exports were 2,027.8 billion dollars in the January-July period, down 8.7 percent. Among them, exports were $1,167.6 billion, down 7.4 percent; Imports were 860.1 billion dollars, down 10.5 percent; And a surplus of $307.5 billion, up 2.6 percent.) Judging from the operation of foreign trade from January to July, China's foreign trade continued to maintain a steady and good trend. It mainly presents the following characteristics:

First, from the perspective of the development of foreign trade, the cumulative decline in foreign trade exports has narrowed for five consecutive months. Since March, the cumulative decline in China's foreign trade exports has narrowed for five consecutive months, and foreign trade exports are better than the United States, Japan, South Korea, Russia, India and other major economies in the world. The steady and positive trend of China's foreign trade remains unchanged.

> Second, from the perspective of enterprises, private enterprises are still the main force of exports. From January to July, the export of private enterprises increased by 3.6 percent, accounting for 46.8 percent of China's foreign trade exports, 2.6 percentage points higher than the same period last year. The export share of private enterprises exceeded that of foreign-funded enterprises and state-owned enterprises, and they remained the largest export entity in China. The exports of state-owned and foreign-funded enterprises fell by 6.8% and 5.6% respectively.

Third, from the perspective of the international market, exports to some countries and regions related to the Belt and Road Initiative were better than the overall level. From January to July, China's exports to countries related to the Belt and Road Initiative, such as the Philippines, Russia, Thailand and India, increased by 26.1 percent, 14.5 percent, 9.4 percent and 7.3 percent respectively. Exports to the European Union rose 1.7 percent and exports to Japan fell 0.2 percent, outpacing overall export growth by 3.3 and 1.4 percentage points, respectively.

Fourth, from the perspective of trade patterns, the proportion of general trade kept increasing. From January to July, general trade exports increased by 0.8%, accounting for 55.7% of China's total import and export volume, an increase of 1.3 percentage points year-on-year. Processing trade fell 7.8 percent, falling for 17 consecutive months and dragging down the overall export growth rate by 2.7 percentage points. Fifth, from the perspective of commodity mix, exports of large complete sets and high value-added products maintained positive growth. From January to July, the export of mechanical and electrical products and high-tech products decreased by 1.9 percent and 1.6 percent respectively, but the export of complete sets of large equipment increased by 3 percent, and the export of high value-added products such as integrated circuits increased by 2.9 percent. Exports of seven categories of labor-intensive products rose 0.2 percent, among which toys, plastic products and textiles rose 14.5 percent, 4.4 percent and 3.9 percent, respectively.

Sixth, from the perspective of regional layout, the import and export of the eastern region was better than that of China. From January to July, the import and export volume of the eastern region was 11.33 trillion yuan, down by 2.4 percent. The import and export volume in the central region was 939.2 billion yuan, down 4.5 percent. The import and export of the western region was 942.7 billion yuan, down 7.8 percent.

Seventh, in terms of imports, imports of some commodities maintained growth. From January to July, the volume of 10 commodities, including crude oil, iron ore and copper concentrate, increased by 3.1% to 36.2%, and the price decreased by 9.6% to 33.9%. The total amount of foreign exchange payment decreased by 57.76 billion US dollars (about 380 billion yuan), which helps enterprises to reduce costs and improve efficiency.

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