The annual report on trade with China is greatly popular. There is no market for ＂decoupling theory＂
Xinhua News Agency, Beijing, February 21st(International observation) The annual report on trade with China is greatly popular. There is no market for "decoupling theory"
Xinhua news agency reporter
Recently, many major economies in the world published the annual trade reports with China in 2022, and a number of bilateral trade data with China reached record highs, with frequent highlights of economic and trade cooperation, showing that economic and trade ties with China are getting closer and cooperation with China’s supply chain is more resilient.
International observers believe that the red-hot annual trade reports of major economies with China have greatly boosted the confidence of countries in China’s economy and win-win economic and trade cooperation with China, and also clearly showed that the "decoupling theory" advocated and manipulated by American politicians with China is not accepted by the market.
Closer ties: the trade volume with China has reached record highs.
Looking at the trade data of major countries and regions with China in 2022, many countries and regions have stronger trade performance with China than with other major trading partners, which not only maintains the growth trend, but also exceeds their overall foreign trade growth rate.
According to data released by the US Department of Commerce on the 7th, according to US statistics, the total trade volume of goods between the United States and China in 2022 reached US$ 690.6 billion, a record high. The American media believe that it is "surprising" that the US-China trade data reached a new high in 2022, considering that the United States has imposed tariffs on China’s goods exported to the United States for many years and that the US government has blocked the exchanges between China and the United States on the grounds of "national security", which fully proves that bilateral economic and trade relations are still close.
According to data released by Eurostat on the 15th, the total trade volume of goods between Europe and China reached 856.3 billion euros in 2022, an increase of about 23% compared with 2021, which also reached a new high.
According to the latest data from the German Federal Statistical Office, the total trade volume between Germany and China rose to a record level of 297.9 billion euros in 2022, an increase of about 21% compared with 2021, which was higher than the overall growth rate of German foreign trade in the same period. China has become the most important German trading partner for the seventh consecutive year.
Juergen Martes, an expert at the German Economic Research Institute, said that China’s economy is huge, and the economic and trade ties between Germany and China are closer. No one wants to and cannot "decouple" from China.
According to the data released by the General Administration of Customs of China, in 2022, the bilateral trade volume between China and Africa, ASEAN and Latin America reached US$ 282 billion, US$ 975.3 billion and US$ 485.8 billion respectively, increasing by 11.1%, 11.2% and 7.7% respectively compared with 2021, all of which were record highs.
Former Croatian Minister of Economy Ljubo Jurcic told Xinhua News Agency that although the COVID-19 epidemic has brought some impact, China’s economy has maintained a relatively high growth rate for many years, which is the "locomotive" for stimulating world economic growth. Politicians and media in a few western countries concocted the decoupling theory with China because they ignored or didn’t want to see the fact that the world was closely linked with China.
More dividends: complementary advantages to achieve a win-win situation
Under the market law of complementary advantages and mutual benefit and win-win, the economic and trade cooperation between countries with China is full of vitality.
In view of the new trend of German-Chinese trade in 2022, the German Economic Research Institute reported that the increase in international energy and raw material prices aggravated inflationary pressure, and affordable goods produced in China were more favored by the German market. In addition, German enterprises have gradually increased their investment in China and localized production, which is also reflected in the trade data.
In the past year, automobiles were the main highlight of bilateral trade between Mexico and China. According to the data of National Geographic Statistics Bureau of Mexico, in 2022, China cars accounted for nearly a quarter of the imported cars in Mexico. China has surpassed the United States, Japan and other countries to become the main source country of Mexican imported cars.
According to the latest data from the National Statistics and Census Institute of Argentina, China will be Argentina’s second largest export destination and largest import source in 2022. Compared with 2021, Argentina’s import and export of goods to China in 2022 increased by 29.4% and 27.4% respectively.
Pablo Levinton, a professor of economics at Ranus National University in Argentina, believes that the economies of Argentina and China are highly complementary. Argentina’s high-quality beef, red wine and other products are welcomed by the China market, and Argentina’s lithium, copper and other mineral resources are also needed by China’s new energy industries.
The North Africa Post commented that Africa-China trade reached a new high. Africa has expanded its exports to China with the advantages of natural resources such as crude oil, copper, cobalt and iron ore, while China’s products such as machinery, electronics and textiles meet the demand of the African market.
Bambang Suryono, Chairman of the Asian Innovation Research Center, an Indonesian think tank, said that the bilateral trade volume between Indonesia and China increased by nearly 20% in 2022 compared with the previous year, and China continued to be Indonesia’s largest trading partner, demonstrating the high correlation and complementarity between the two economies. China is Indonesia’s largest export market, and its rapid economic growth will greatly promote Indonesia’s economic and social development.
More Confidence: Looking forward to the "East Wind" in China Market
Looking forward to the new year, many institutions and analysts are optimistic about the prospects of China-foreign trade and economic cooperation, and believe that China’s economy will make generate more dynamic and bring more market opportunities and development dividends to the world.
According to Chilean customs statistics, Chile’s exports to China in 2022 were US$ 38.106 billion, accounting for 38.9% of the country’s total exports. China has been Chile’s largest trading partner since 2009. Nearly 90% of Chile’s cherry exports are sold to China market.
"The China market is too important for us!" Ivan Marambio, president of the Chilean Fruit Exporters Association, said. After China implemented the temporary measures for personnel exchanges between China and foreign countries in early January, he led a delegation to visit several cities in China to negotiate with business partners. "We are optimistic about China’s market resilience and consumption vitality, and hope to achieve greater development through the China market".
In 2022, China became Brazil’s largest trading partner for the 14th consecutive year. According to official Brazilian data, Brazil’s exports to China reached US$ 89.428 billion last year, accounting for 26.8% of the country’s total exports.
Jose Ricardo Luce Jr., CEO of Brazilian business leaders’ organization in China, said that the deepening economic and trade partnership between Brazil and China has had a positive impact on the development of Brazil’s agriculture, infrastructure, science and technology and e-commerce. Bilateral trade between Pakistan and China has continuously hit new highs, which has contributed greatly to Brazil’s economic growth and will further promote exchanges between the two sides in various fields.
The African Development Bank released a report in January, raising the economic growth forecast of Africa to 4% in 2023. According to the report, after China optimizes and adjusts its epidemic prevention policy, Asia, as an important export market of Africa, will achieve steady growth, thus expanding the development space of Africa.
Ralph Klein, general manager of German Haoting Electronics Company, said that China has great market potential, and China’s economy has a great influence on the development of German enterprises in China, expecting China’s economy to achieve more positive development and faster growth.
According to the data released by the National Bureau of Statistics on February 17th, in 2022, China was the second largest trading partner of Britain in terms of goods import and the fifth largest trading partner in terms of goods export. Zhang Zhikai, a scholar at Durham University in the UK, believes that British exports to China have increased, driven by diversified trade demand. British business circles are actively promoting economic and trade exchanges between Britain and China, and bilateral trade is expected to grow further this year.