China Customs Helds a Press Conference


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2022-08-22

China Customs Helds a Press Conference

[Seebest Cable quoted the news of China Customs website] At 10:00 am on July 13rd, 2022, Beijing time, the Chinese Customs helds a press conference, with the theme of "China's Import and Export Situation in 2022" at The State Council Information Office, P.R.C.

 

In the first seven months in 2022, China's imports and exports of goods totaled 23.6 trillion yuan, a year-on-year increase of 10.4%. Foreign trade overcame many adverse effects and achieved rapid growth. Among them, exports denominated in US dollars in July increased by 18% year-on-year, which was higher than the general expectation of overseas media and economists. Overseas media and experts believe that the latest foreign trade data highlights the resilience of China's economy and provides support for the continued and steady development of China's economy.

Press Conference

Since the beginning of this year, China's utilization of foreign capital has increased steadily. On the one hand, China's market scale has a strong attraction for foreign capital; on the other hand, China's continuously optimized investment environment has also increased its attraction for foreign capital.
According to the data of the Ministry of Commerce, from January to July 2022, the actual amount of foreign capital used in China was 798.33 billion yuan, an increase of 17.3% year-on-year according to the comparable standard (the same below), equivalent to US $123.92 billion, an increase of 21.5%.

 

At a regular press conference held a few days ago, relevant responsible persons of the Ministry of Commerce said that since the beginning of this year, a number of multinational companies, including BMW, have accelerated their investment layout in China. Multinational corporations have accelerated their investment layout in China, which fully shows that foreign-funded enterprises have no less confidence in the Chinese market and are optimistic about their long-term development prospects in China.

Final, Seebest Cable believes that although China's foreign trade is still affected by adverse factors such as the impact of the epidemic, the War Between Russia and Ukraine, the Rise of Commodity Prices, the Large Fluctuation of the Exchange Rate, and the United States is trying to Contain China's Development, China's economic situation is good and the development momentum is good. China is still indispensable to the global supply chain.

 

Therefore, Seebest Cable has decided to intensify its foreign trade work, adhere to the policy of "Rooted in Fujian, Based on China, Relying on ASEAN, Expanding Countries along the the Belt and Road, and Developing European and American customers", and try its best to serve domestic and foreign customers.

Seebest Cable

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