Recently, the Ministry of Commerce has issued the “12th Five-Year Development Plan for Import and Export of Electromechanical and Hi-tech Products†(hereinafter referred to as “Planningâ€), and proposed the main objectives for the import and export of electromechanical and high-tech products in the next five years: China The import and export of mechanical and electrical products will achieve an average annual growth of 10%. By the end of the “Twelfth Five-Year Planâ€, the scale is expected to reach US$2.5 trillion.
Zhao Jinping, deputy director of the Department of Foreign Economic Research of the Development Research Center of the State Council, said in an interview with the China Economic Times that in the current situation where the international market is shrinking and the enterprises themselves face great difficulties, the export of mechanical and electrical products and high-tech products will be promoted. It can reflect the need to stabilize foreign trade growth, and it is also an important direction for the transformation and upgrading of foreign trade.
Faced with an economic situation that is not optimistic enough, how can foreign trade companies, especially those of electromechanical and high-tech products, respond to the successful realization of the scale target of 2.5 trillion US dollars at the end of the 12th Five-Year Plan period? What kind of positive role should the government play?
Let the added value of products rise to the ends of the smile curve. Zhao Jinping said that an important difference between electromechanical and high-tech products compared with other labor-intensive products is that they have a greater driving effect on related industries, such as cars, often requiring tens of thousands of Components and a large number of supporting industries are very effective in driving the entire industry chain. Therefore, from the standpoint of stabilizing the growth of foreign trade, taking mechanical and electrical and high-tech exports as the breakthrough point and main focus of government work has well demonstrated the goal of stabilizing the growth of foreign trade and promoting the transformation and promotion of foreign trade.
China's electromechanical products and high-tech products rely mainly on processing trade. Although products are technically intensive products, in fact, most of their core components and core technologies still rely on imports.
Under this premise, Zhao Jinping believes that companies should use external pressure to accelerate their transformation. The first is to accelerate the independent innovation of enterprises, find new import substitutes in China, extend the industrial chain, and increase the added value of exports. This should be one of the directions for the transformation and upgrading of China's electromechanical and high-tech industries.
Secondly, China’s mechanical and electrical products and high-tech products are very weak in the construction of their own brands. Despite their marked improvement in the status of the global machinery and electronic product import and export structure, they have leapt to the world’s largest trading nation of electromechanical products and the export of the first largest electromechanical products. China, the second largest importer of electromechanical products, but its own brand is rare.
“Even for home appliances, although domestic products are already very competitive, they still have to adopt OEM production methods.†Zhao Jinping believes that it is possible to get rewards in the most lucrative areas and let the added value be reflected at both ends of the smile curve. It should also be one of the directions for structural transformation and upgrading.
In addition, in the face of a severe international market situation, enterprises should shift their industries to the central and western regions if necessary, and shift to places where labor costs are relatively low. They should also be the direction in which the company changes.
Zhao Jinping analyzed that price competition also has a great influence on the competitiveness of enterprises. Some companies have begun to make a fuss about the adjustment of their layout. For example, some major production and processing bases have been transferred to the central and western regions to reduce their land and labor force. Cost, thereby reducing product prices and maintaining its international competitiveness.
Implementing support policies as soon as possible In terms of exports of electromechanical and high-tech products, in addition to the enterprises themselves need to make efforts, from the perspective of improving the external environment of enterprises, the government also has a lot of work to do.
“We can't change the external market demand, but we can help companies solve their difficulties in the operation to improve their ability to cope with the crisis, such as financing difficulties.†Zhao Jinping said that the government can create a relaxed financing environment for the enterprise, etc. Measures to support enterprises.
Since the end of last year, the state has successively introduced some specific policies and measures aimed at maintaining the steady growth of foreign trade, from the aspects of alleviating the financial pressure of enterprises and alleviating the burden of enterprises, supporting enterprises to overcome difficulties, and at the same time increasing support for the development of small and micro enterprises. Policy strength.
"The government has done a lot of work in this area and it still needs to continue to strengthen." Zhao Jinping believes that the government should continue to make efforts to improve the export credit risk protection mechanism, maintain the basic stability of the exchange rate, and improve the level of trade facilitation. Especially in the context of trade friction, the role of the government is very important. He believes that the government can play a variety of roles in this regard. It can organize enterprises to study ways to deal with various frictions. It can also resolve some trade barriers and frictions through bilateral negotiations and consultations. It can also mobilize intermediary organizations to unite enterprises to deal with Trade Friction.
The introduction of a good policy is important, but it is more important to implement it. According to the findings of the State Council Development Research Center on coastal foreign trade and export enterprises, many companies generally reflect that the current economic situation is more severe than that of the financial crisis. Of course, this does not mean that the export decline or the production situation is worse than that at that time. The difference is reflected in the policy environment.
These companies generally believe that when the financial crisis occurred, the government immediately gave relatively loose policies to cope with the crisis. Nowadays, despite the severe economic situation, they are faced with difficulties such as macroeconomic difficulties, such as inflation and real estate regulation. There is a certain deviation in the policy environment.
“Businesses have expectations for the government to improve its policy environment and also have great expectations for the implementation of the government's policies.†Zhao Jinping, a member of the research team, said that many companies believe that the government has deviations in implementing policies. , And did not feel much change in the operating environment after the release of the policy. "This shows that we must increase our efforts to implement policies."
The "Planning" released this time also proposes that in the future, the export promotion policy system will be improved and an active import promotion policy system will be established. Establish and improve the export promotion policy system for electromechanical and hi-tech products in line with the rules of the World Trade Organization and China's national conditions, and strengthen the coordination and cooperation among fiscal, financial, investment, trade, and industrial policies to form a concerted policy; timely revise relevant legal systems, We will improve and standardize export regulations.
“This shows that the government is aware of this problem and has increased its efforts to implement policies that have stabilized foreign trade growth.†Zhao Jinping said.
Zhao Jinping, deputy director of the Department of Foreign Economic Research of the Development Research Center of the State Council, said in an interview with the China Economic Times that in the current situation where the international market is shrinking and the enterprises themselves face great difficulties, the export of mechanical and electrical products and high-tech products will be promoted. It can reflect the need to stabilize foreign trade growth, and it is also an important direction for the transformation and upgrading of foreign trade.
Faced with an economic situation that is not optimistic enough, how can foreign trade companies, especially those of electromechanical and high-tech products, respond to the successful realization of the scale target of 2.5 trillion US dollars at the end of the 12th Five-Year Plan period? What kind of positive role should the government play?
Let the added value of products rise to the ends of the smile curve. Zhao Jinping said that an important difference between electromechanical and high-tech products compared with other labor-intensive products is that they have a greater driving effect on related industries, such as cars, often requiring tens of thousands of Components and a large number of supporting industries are very effective in driving the entire industry chain. Therefore, from the standpoint of stabilizing the growth of foreign trade, taking mechanical and electrical and high-tech exports as the breakthrough point and main focus of government work has well demonstrated the goal of stabilizing the growth of foreign trade and promoting the transformation and promotion of foreign trade.
China's electromechanical products and high-tech products rely mainly on processing trade. Although products are technically intensive products, in fact, most of their core components and core technologies still rely on imports.
Under this premise, Zhao Jinping believes that companies should use external pressure to accelerate their transformation. The first is to accelerate the independent innovation of enterprises, find new import substitutes in China, extend the industrial chain, and increase the added value of exports. This should be one of the directions for the transformation and upgrading of China's electromechanical and high-tech industries.
Secondly, China’s mechanical and electrical products and high-tech products are very weak in the construction of their own brands. Despite their marked improvement in the status of the global machinery and electronic product import and export structure, they have leapt to the world’s largest trading nation of electromechanical products and the export of the first largest electromechanical products. China, the second largest importer of electromechanical products, but its own brand is rare.
“Even for home appliances, although domestic products are already very competitive, they still have to adopt OEM production methods.†Zhao Jinping believes that it is possible to get rewards in the most lucrative areas and let the added value be reflected at both ends of the smile curve. It should also be one of the directions for structural transformation and upgrading.
In addition, in the face of a severe international market situation, enterprises should shift their industries to the central and western regions if necessary, and shift to places where labor costs are relatively low. They should also be the direction in which the company changes.
Zhao Jinping analyzed that price competition also has a great influence on the competitiveness of enterprises. Some companies have begun to make a fuss about the adjustment of their layout. For example, some major production and processing bases have been transferred to the central and western regions to reduce their land and labor force. Cost, thereby reducing product prices and maintaining its international competitiveness.
Implementing support policies as soon as possible In terms of exports of electromechanical and high-tech products, in addition to the enterprises themselves need to make efforts, from the perspective of improving the external environment of enterprises, the government also has a lot of work to do.
“We can't change the external market demand, but we can help companies solve their difficulties in the operation to improve their ability to cope with the crisis, such as financing difficulties.†Zhao Jinping said that the government can create a relaxed financing environment for the enterprise, etc. Measures to support enterprises.
Since the end of last year, the state has successively introduced some specific policies and measures aimed at maintaining the steady growth of foreign trade, from the aspects of alleviating the financial pressure of enterprises and alleviating the burden of enterprises, supporting enterprises to overcome difficulties, and at the same time increasing support for the development of small and micro enterprises. Policy strength.
"The government has done a lot of work in this area and it still needs to continue to strengthen." Zhao Jinping believes that the government should continue to make efforts to improve the export credit risk protection mechanism, maintain the basic stability of the exchange rate, and improve the level of trade facilitation. Especially in the context of trade friction, the role of the government is very important. He believes that the government can play a variety of roles in this regard. It can organize enterprises to study ways to deal with various frictions. It can also resolve some trade barriers and frictions through bilateral negotiations and consultations. It can also mobilize intermediary organizations to unite enterprises to deal with Trade Friction.
The introduction of a good policy is important, but it is more important to implement it. According to the findings of the State Council Development Research Center on coastal foreign trade and export enterprises, many companies generally reflect that the current economic situation is more severe than that of the financial crisis. Of course, this does not mean that the export decline or the production situation is worse than that at that time. The difference is reflected in the policy environment.
These companies generally believe that when the financial crisis occurred, the government immediately gave relatively loose policies to cope with the crisis. Nowadays, despite the severe economic situation, they are faced with difficulties such as macroeconomic difficulties, such as inflation and real estate regulation. There is a certain deviation in the policy environment.
“Businesses have expectations for the government to improve its policy environment and also have great expectations for the implementation of the government's policies.†Zhao Jinping, a member of the research team, said that many companies believe that the government has deviations in implementing policies. , And did not feel much change in the operating environment after the release of the policy. "This shows that we must increase our efforts to implement policies."
The "Planning" released this time also proposes that in the future, the export promotion policy system will be improved and an active import promotion policy system will be established. Establish and improve the export promotion policy system for electromechanical and hi-tech products in line with the rules of the World Trade Organization and China's national conditions, and strengthen the coordination and cooperation among fiscal, financial, investment, trade, and industrial policies to form a concerted policy; timely revise relevant legal systems, We will improve and standardize export regulations.
“This shows that the government is aware of this problem and has increased its efforts to implement policies that have stabilized foreign trade growth.†Zhao Jinping said.
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