China's labor-intensive exports such as the textile industry are facing grim conditions

This year's foreign trade and export situation will continue to be severe. It is very difficult to achieve the established target of 10% growth, and signs of the retreat of low-cost advantages that China has long relied on are becoming increasingly evident.

In July, the import and export data was far worse than expected, especially since exports only achieved a 1% increase, which was the lowest level in six months.

At present, exports in August are still hard to be optimistic. The main reason is that the pace of recovery in the world economy is still slow, the previous improvement in the US and Japan economies has not continued, the initial value of the PMI in the euro area has remained sluggish, the economies of Germany and France have shown signs of shrinking, and the growth difficulties facing emerging markets have become increasingly prominent. The situation has become more severe.

In August, China's Manufacturing Purchasing Managers' Index PM I fell below the dry line, falling to 49.2%, of which the new export order index was 46.6%, unchanged from the previous month. In addition, the recent high-level visits to Guangdong and other large foreign trade provinces investigated the import and export situation, and clearly pointed out that the current issues of great importance should be attached to the problems and difficulties in the import and export trade. This is also commonly interpreted as foreign trade in August and the third quarter is difficult to be optimistic. signal.

The cost of domestic labor, land, and other factors is still rising, and the environment for export growth is tight. Many foreign trade companies have been affected by high costs and low bargaining power. Even if there are orders, they do not dare to pick up or make money.

Labor-intensive industries such as textiles, footwear and other industries bear the brunt. Recently, such as Adidas and other foundries have withdrawn from China, some labor-intensive foreign-funded enterprises did not transfer to the western provinces as we wish, but shifted to Southeast Asia. Low cost area.

The situation of foreign trade exports has made policy adjustment more difficult and must be more careful. Improvements such as the improvement of the export insurance system, the enhancement of trade facilitation, and the reduction of corporate burdens have all been introduced in succession. It seems that the large-scale stimulus of the New Deal in the foreign trade and export sector does not seem to have much room.