Ministry of Commerce: Foreign trade situation shows signs of improvement
The trend of continued decline in foreign trade in May seems to have been reversed. Vice Minister of Commerce Li Jinzao revealed at the press conference on the preparations for the China-Asia-Europe Expo on the 25th that China’s foreign trade situation in early May has shown signs of improvement. According to statistics, the total import and export volume in early May reached 109.77 billion US dollars, an increase of 27.6%. Among them, exports increased by 27.3%, imports increased by 28%, and the surplus also expanded. "This makes us more confident in the realization of this year's trade target." In the first four months of this year, China's import and export growth rate was lower than market expectations. Li Jinzao said that this pattern has emerged in the context of the downturn of the entire world economy. "The demand of the world's major economies has declined, and the difficulties in improving the economic and trade environment for investment in China have increased. These are some of the new situations we have encountered. †From the domestic perspective, Li Jinzao pointed out that there are still phenomena such as the increase in the cost of production factors, the high proportion of products with high technological content and high added value, and this is also a realistic problem. "But from the situation in early May, there are signs of turning better." Li Jin said. However, many analysts are still not optimistic about the foreign trade data in May. According to Lu Zhengwei, chief economist of Industrial Bank, on the export side, from the perspective of China's export container shipping market, the volume of major routes began to weaken in the first three weeks of May. The volume of European routes has declined, and the utilization rate of cabins has dropped to around 80%. The volume of North American routes has steadily increased in the first two weeks, but it has weakened in the third week. The Australia-New Zealand route, the Persian Gulf route, the South American route and the Japanese route are May. The volume of goods fell across the board and transportation demand weakened. Li Jinzao also said that we are still soberly aware that from the overall point of view of this year, as the international situation is difficult to improve rapidly and obviously, the foreign trade environment facing China is still severe, and the task of completing the whole year is still very Heavy.
1.Application : For auto parts
OD
OD Tolerance
ID
Tolerance
Roundness
Straightness
Circular
run-out
φ16-20
±0.02
±0.02
0.01↓
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0.020↓
0.08↓
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0.05↓
0.025↓
0.10↓
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