Views: 0 Author: Site Editor Publish Time: 2021-05-28 Origin: Site
2020 "Double Loop"
On January 15th, China and the United States formally signed the first phase of the economic and trade agreement. The two-year trade friction has temporarily come to an end. The two sides reached an agreement that the United States will fulfill its commitment to phased out additional tariffs on Chinese products and realize the increase The shift from rising to falling tariffs.
The United States has halved the tariff rate imposed on US$120 billion of Chinese goods on September 1, 2019, and the tariff rate has been reduced from 15% to 7.5%; the United States will suspend indefinitely the US$160 billion in China originally scheduled for December 2019 Commodity plans that come into effect involve products such as mobile phones, laptops, toys, and clothing; the 25% tariffs imposed by the United States on US$250 billion of Chinese goods earlier have remained unchanged.
But what I never expected is that the sudden outbreak of the new crown pneumonia epidemic has almost "closed" the world, and international trade has suffered a heavy blow. The 64-year-old Canton Fair was completely online in June and “tested the waters” of the live broadcast. For a while, many foreign trade salesmen worked hard to learn anchor skills.
The latest forecast published by the World Trade Organization shows that global trade will decline by 14% this year. The WTO warned that in recent months, problems such as tariff barriers and purchase restrictions have intensified, making the prospects for global trade worrying. The current trend of anti-globalization is increasing, and more and more countries are isolating from each other. Under such circumstances, the "dual cycle" development model has become a hot topic recently. In fact, since 2008, my country's dependence on foreign trade has been declining, and it was only 31.8% in 2019, which is comparable to the level at the end of the last century.
In terms of foreign trade, the state has also intensively introduced a series of policies to stabilize foreign trade and foreign investment. Another obvious trend is the support for cross-border e-commerce: Since July 1, 10 customs directly under the jurisdiction of Beijing, Tianjin, Nanjing, Hangzhou, etc. have launched a pilot program for “cross-border e-commerce B2B export”. According to customs data, in the first half of the year, when the total export volume fell by 3%, the customs cross-border e-commerce supervision platform exports soared by 28.7%.
