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Weifang Yuyang Plastic Machinery Co.,Ltd.
Contact: Manager Liu
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Add:Shibu Industrial Area,Changyi,Weifang City. Shandong Province,China

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Analysis on the Key Factors Restricting the Development of Foreign Trade

Author: Release time:2019/4/1 14:51:22Pageviews:

Due to the efforts of industrialized countries to reduce industrial production costs, the international market still has a competitive advantage for Shandong blow molding machines, and the foreign trade situation is also relatively good. According to the analysis of professionals, the main factors affecting the development of China's fully automatic blow molding machine in the second half of the year are the following factors. Affected by the rapid growth of the domestic economy and the slow recovery of the international economy, China's market demand and demand in the first half of last year was booming. Due to the efforts of industrialized countries to reduce industrial production costs, the international market still has a competitive advantage for Shandong blow molding machines, and the foreign trade situation is also relatively good. There are seven major factors affecting the development of China's fully automatic blow molding machine in the second half of the year.
  First, the stabilization of the global economy is conducive to stabilizing my foreign needs. Affected by the global economic recovery, the external environment of China's exports will also improve. However, it should also be noted that the foundation for the recovery of the global economy, especially the developed economies, is not yet stable. Not only is the speed and level of economic recovery uncertain, but there is also the possibility of a second bottoming out of the economy. If external demand recovers or fluctuates late, China's exports will face greater external pressure.
  Second, the continuous adjustment of domestic policies will further support exports. Policies such as continuously increasing the export tax rebate rate for some products, re-adjusting the prohibition of processing trade restrictions, maintaining the basic stability of the RMB against the US dollar, and increasing credit support for export enterprises have played a positive role in preventing excessive export decline in the first half of this year. In the second half of the year, these policies will play a greater role in stabilizing exports.
  Third, changes in the global export structure will help stabilize China's exports. After the crisis broke out, there were some adjustments in the structure of global trade products. Relevant people believe that in the case of reduced income, consumers' demand for lower-priced products generally increases, which is reflected in the fact that trade is demand for labor-intensive products, and prices are stable or even rising. This trend is expected to continue for some time in the international market. At this stage, China's export structure is still dominated by labor-intensive products, and the international market demand for China's high-quality and low-cost export products is relatively small.
  Fourth, the low cost of domestic export production is conducive to the price competitiveness of China's exports. The lower production costs of export enterprises have led to an increase in price competitiveness and have played a supporting role in export improvement. In the second half of the year, although international raw material prices may rise to a certain extent, domestic price levels are likely to fall further. Large-scale employment pressures also make it difficult to raise wage levels, so the production costs of exporting enterprises will continue to remain low. It is conducive to continue to maintain the price competitiveness of China's export products.