Su Ning, director of the Industrial Products Division of the Foreign Trade Department of the Ministry of Commerce, said that the form of foreign trade this year is still not optimistic. Although orders have risen since August and September this year, the Ministry of Commerce believes that the situation is still grim.
Suining also said that at present, China's foreign trade enterprises are in a situation of internal and external difficulties. Due to the severe shrinkage of external demand, the international market prices have fallen sharply. The closure of overseas financial institutions and the difficulty of foreign importers' capital flow have led to serious arrears in payment. In addition, Zhang Bingzheng, deputy director of the General Statistics Department of the General Administration of Customs, said that based on the low base last year and the recovery of international market demand, the year-on-year value of domestic exports is expected to turn positive at the end of the year.
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