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2022-07-27
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China Chamber of Commerce for mechanical and electrical products: worry about low international demand delaying export recovery

China Chamber of Commerce for mechanical and electrical products: worry about low international demand delaying export recovery

China Construction Machinery Information

Guide: the mechanical and electrical industry, which accounts for half of China's import and export trade, has been hit hard by the financial crisis. Zhang Yujing, the first vice president of China Chamber of Commerce for mechanical and electrical products import and export, said in an exclusive interview on the 18th that he is very worried about the continued decline in international market demand, The recovery of China's export of mechanical and electrical products will be greatly delayed

the mechanical and electrical industry, which accounts for half of China's import and export trade, has been hit hard by the financial crisis. Zhang Yujing, the first vice president of China Chamber of Commerce for import and export of mechanical and electrical products, said in an exclusive interview on the 18th that she was very worried about the continued decline in international market demand and that the recovery of China's exports of mechanical and electrical products would be greatly delayed

"the financial crisis has severely shrunk the demand in the international market. In the first quarter of this year, the import and export growth was negative by 23.1%. From January to March, the negative growth rate was gradually narrowed, but the recovery was slow." Zhangyujing said in an interview at the 105th China Import and Export Commodities Fair (Canton Fair)

as a major industry in China's international trade, the total import and export value of Electromechanical industry in the first quarter was US $235.81 billion, accounting for 55% of all import and export commodities. Among them, exports accounted for 58% of all exports, a year-on-year decrease of 21.7%, 2 percentage points lower than the decline of national commodity exports

according to Zhang Yujing's analysis, the main reasons for the decline in orders are: first, the international purchasing power of high priced goods has declined; Second, foreign wholesalers continue to consume inventory and do not buy new goods

Zhang Yujing, for example, said that high molecular materials are in the transition from development and expansion to industrial maturity. In this case, the Ministry of Commerce and the chamber of Commerce for machinery and electronics have taken a series of measures to deal with the crisis. Among them, the Ministry of Commerce began to lead enterprises to Brazil and other countries to help enterprises develop emerging markets, while the chamber of Commerce for machinery and electronics encouraged enterprises to independently develop new products, such as the high utilization rate of functional composite materials in aircraft fuselage, combustion system and other important utilization fields, and provided professional training to enterprises on how to reduce production and sales costs

Zhang Yujing said that it is "difficult to predict" the future trade situation of the electromechanical industry. "There are great differences among regions and industries. Some enterprises say that they have recovered significantly, while others say that they still do not see hope." He said. Among them, due to the subsidy policies of developed countries for energy-saving products, energy-saving and environmental protection products such as solar energy and electric refrigerator have recovered rapidly, while the continuous downturn of the real estate market has led to the slow recovery of building materials related products

Zhang Yujing also pointed out that many enterprises have benefited from a series of stimulus policies such as the export tax rebate issued by the state, but the long-term development of enterprises should focus on their own development and progress

"in the process of the financial crisis, many enterprises have strengthened their product quality and internal management, and improved their international competitiveness. I believe these advantages will be highlighted in the future to help enterprises obtain greater market share." He said

the 105th Canton Fair opened on April 15 and will end on May 7. The Canton Fair will be held in three phases. The first phase will focus on household appliances, hardware and machinery, the second phase will focus on consumer goods, gifts and toys, and the third phase will focus on textiles

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