Industrials Jul 22, 2021 03:14 PM (GMT+8)
Li Xingqian, director of the foreign trade department of the Ministry of Commerce, said at a news conference held by the State Council Information Office on July 22 that according to the recent monitoring by the Ministry of Commerce, about 40% of foreign trade enterprises signed new export orders year-on-year. It is expected that the recovery of external demand and the steady improvement of domestic economy will continue to support the development of China's foreign trade. However, with the gradual increase of the base in the same period last year, the growth rate of foreign trade will fall in the second half of the year, and the development of foreign trade still faces many uncertain and unstable factors. The global epidemic situation fluctuates repeatedly, and the world economy recovers fragile. The high price of raw materials and poor shipping logistics further squeeze the profit margin of foreign trade enterprises and affect their willingness to accept orders.
This text is a result of machine translation.