久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

China to help stabilize global supply chain

By ZHONG NAN and LIU ZHIHUA | China Daily | Updated: 2022-08-05 07:18
Share
Share - WeChat
A freight train leaves Hefei, Anhui province, for Budapest, Hungary, last week. [SONG YANJUN/FOR CHINA DAILY]

Experts take stock of trade surplus, FX, inflation, say H2 will aid recovery

China will play a key role in underpinning the global supply chain in the second half of the year amid government policy measures to stabilize the economy while tackling the impact of COVID-19 via targeted means, experts said.

Although major economies such as Germany, France, South Korea and the United States saw trade deficits in recent months, the surplus of China's foreign trade topped 2.48 trillion yuan ($367 billion) in the first half, as exports soared after the COVID-19 resurgences were brought under control in the Yangtze River Delta region in May and June, data from the General Administration of Customs showed.

As China's trade surplus rose significantly to $97.94 billion in June from $78.76 billion in May, experts said the growth has helped buffer the yuan's exchange rate with other major currencies and further stabilize the domestic inflation rate, reducing the need to raise interest rates or intervene on the currency exchange rate.

As the US Federal Reserve raised key interest rates steeply to curb runaway inflation in the second quarter, the euro, the pound and the Japanese yen all plunged against the US dollar. The currency depreciation in these major economies has brought stagflation and downside risks, said Xu Hongcai, deputy director of the China Association of Policy Science's economic policy committee.

As many traditional manufacturing powerhouses such as Germany and South Korea must import large amounts of raw materials to meet the demand from the local manufacturing sector, the impacts of the Russia-Ukraine conflict, high inflation rate in the US, and soaring global energy and commodity prices have all pushed these countries to spend more on import of both energy and production materials since the second quarter, Xu said.

Even though facing imported inflationary pressure, China, supported by its ongoing industrial transformation and upgrading, will continue to work toward stabilizing the global supply chain, said Wei Qijia, a researcher at the Economic Forecasting Department of the State Information Center.

He said China's highly concentrated supply chains, efficient productivity, relatively lower domestic costs of industrial power and production materials, as well as many trade partners' heavy dependence on its industrial goods and semifinished products, will keep the growth rate of the nation's trade surplus within a reasonable range in the coming months.

"China does not pursue trade surplus on purpose. The accelerated trade surplus growth in the first half of the year was mainly attributable to the epidemic-induced import volume contraction," said Wei Jianguo, vice-president of the China Center for International Economic Exchanges in Beijing.

He predicted that China's trade surplus growth may slow down during the second half of the year, as the nation is expected to import large amounts of energy, minerals and machinery to speed up effective infrastructure investment in pursuit of a more vigorous economic recovery.

Zhang Jianping, head of the center for regional economic cooperation at the Chinese Academy of International Trade and Economic Cooperation, said a certain amount of uncertainty shrouds China's second-half exports due to fluctuations in global market demand. But, given the better-than-expected export performance during the first half, China should accelerate effective policy implementation to promote robust growth of foreign trade.

Only by encouraging and facilitating enterprises to receive new business orders could the nation expand export market space amid uncertainties, he said.

Nio, China's new energy vehicle manufacturer, is one such enterprise in pursuit of more business, said Zhang Hui, vice-president of Nio Europe. In addition to exporting electric vehicles to Norway, it is building its first overseas plant in Hungary to support its expansion in Germany, the Netherlands, Sweden and Denmark later this year.

Nio's Hungary factory is expected to be operational in September and serve as a production, service and R&D center for the company's power products, including battery-swapping stations in Europe, said Zhang.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 一级毛片在线 | 夜间福利在线观看 | 一本久道在线 | 一色屋精品亚洲香蕉网站 | 国产精品青草久久久久福利99 | 九九九免费视频 | 手机看片久久青草福利盒子 | 亚洲国产国产综合一区首页 | 黄a在线观看| 99re在线视频精品 | 亚洲最新网站 | 成人久久网站 | 怡红院在线a男人的天堂 | 成年人网站免费看 | 久久免费99精品久久久久久 | 亚洲精品日韩中文字幕久久久 | 高清一级淫片a级中文字幕 高清一区二区 | 玖玖色视频 | 日韩18在线观看地址 | 日韩一级影片 | 九九久久精品视频 | 中文字幕在线日韩 | 模特精品一区二区三区 | 成年人免费软件 | 国产九九免费视频网站 | 亚洲悠悠色综合中文字幕 | a在线观看欧美在线观看 | 亚欧在线 | 免费观看a级毛片在线播放 免费观看a级网站 | 91精品成人| 国产二区三区 | 中文字幕免费 | 欧美日韩国产免费一区二区三区 | 黄色wwwcom| 亚洲天堂资源网 | 性色tv视频观看 | 亚洲国产精品成人综合久久久 | 欧美一级淫片免费播放口 | 在线观看中文字幕国产 | 国产亚洲一区二区在线观看 | 亚洲成人视 |