By Lv Gang & Zhang Qi, Research Department of Foreign Economic Relations, DRC; Liu Jianying, International Trade and Economic Cooperation Research Institute at the Ministry of Commerce

Research Report, No.332, 2021 (Total 6397) 2021-11-10

Abstract: China’s exports of goods revealed great resilience during the first three quarters of 2021, strongly propelling economic recovery. Due to the impact exerted by myriad factors, it is predicted that the supply-demand gap will last for a long time. Figures show that a number of monthly indicators kept falling since March, which indicates that the trade performance would face many difficulties and challenges in the fourth quarter and next year. In view of the above-mentioned facts, it is imperative for us to take a multi-pronged approach in addressing the difficulties faced by foreign trade enterprises. To maintain the sound momentum of international market share growth, it is advisable to strive to ease the bottleneck restrictions imposed by tight sea freight capacity, take measures in response to the continuous spike of staple commodities price and resolve the power shortage of foreign trade enterprises. We need to make full use of financial derivatives to help avert the exchanges rate risks facing small and medium-sized enterprises, give more support to foreign trade financing, refine cross-border e-commerce supportive policies and guide businesses to enhance their market sensitivity and resilience.

Keywords: exports, situation, challenges