• March 22, 2023

Chinese trade firms’ confidence improves, though difficulties remain: survey

By Global Times Published: Sep 29, 2022 06:19 PM

Aerial photo taken on Sept. 13, 2022 shows the night view of Qinzhou Port in Qinzhou, south China’s Guangxi Zhuang Autonomous Region. After 30 years of development, the Qinzhou Port has been constructed into an international sea-rail intermodal container terminal, operating more than 60 container service routes with a connection to more than 200 ports in over 100 countries and regions around the world.(Photo: Xinhua)

In the first half of the year, problems of freight rates, energy, capital and exchange rates, which were reported by enterprises, were significantly alleviated in the third quarter, said Sun.

On the whole, the confidence and expectations of Chinese foreign trade enterprises have increased significantly, and they continue to show relatively strong resilience, Sun noted.

The spokesperson also detailed the difficulties facing foreign trade enterprises, such as shrinking external demand, insufficient orders in hand, high comprehensive costs, repeated epidemics, and increasing economic and trade frictions.

According to the CCPIT survey, 60.02 percent of enterprises said that the decline in orders was the biggest difficulty; 51.83 percent of enterprises felt the diversion of orders; 56.22 percent of enterprises thought that the cost of raw materials increased, and 47.68 percent of enterprises reflected the impact of the epidemic on production.

The expectation of enterprises is to accelerate the resumption of offline exhibitions in China, actively participate in overseas exhibitions, and make cross-border personnel flow more convenient.

Enterprises also called for training courses or consultation services on the use of preferential policies of free trade agreements to help them effectively cope with international economic and trade friction, the CCPIT report noted.

Global Times


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