One.
In recent years, the decline in trade between China and the United States has been a focus of attention.
In terms of the latest customs data, trade in the United States of America declined by 8.2 per cent in United States dollars.
However, we need to recognize that this decline is only a direct reflection of the volume of bilateral trade, which may change in terms of indirect trade.
For a long time, the United States has been moving manufacturing out of the country in order to reduce costs, although the rebuilding of manufacturing is not a short-term achievable goal, for which it continues to depend on imports for its commodity demand, which can be traced to its persistent trade deficit.
Indeed, United States trade with other countries has also changed globally. While the volume of direct bilateral trade may decline, indirect trade may be complemented.
By importing goods from countries such as Viet Nam, Mexico and others, the United States still actually receives many parts and components from Chinese enterprises established in those countries.
Thus, while China is now only the fourth trading partner of the United States, Mexico, which is ahead of China, is in fact increasing imports from China, assembled and then exported to the United States.
This reflects the decline in China's export and import trade with the United States of America, which is a direct trade, but because of the diversification of China's supply chains and the wide distribution of industrial chains, United States entry and exit have not escaped “Chinese-made”.
On the contrary, it is the result of our initiative to include countries such as South-East Asia and Mexico in our industrial chain.
Two.
Even though trade in China and the United States has declined, our total trade has not declined, but rather has shown a consistent pattern of growth from a comparative and ring-based perspective.
This phenomenon shows that the impact of trade between China and the United States on our trade is gradually diminishing and that our trade dependence is decreasing. It also means that our trade is more resilient and competitive.
First, my country has actively increased trade flows to ASEAN and countries along the road, which has provided an important support for the continued development of our trade.
Through deeper cooperation with ASEAN countries and countries along the road, our country has not only expanded its trade but has also optimized and adjusted its trade structure. This diversified model of trade cooperation has effectively reduced reliance on trade between China and the United States.
Secondly, as our trade with ASEAN and countries along the road continues to increase, the use of the renminbi has increased significantly, which has accelerated the rate of international use of the renminbi.
The internationalization of the renminbi, which is one of the main currencies of trade settlements and investment transactions, not only increases the position of the country in international trade, but also provides more facilities and opportunities for our enterprises to expand their markets.
It is clear that our configuration has long gone beyond a trade perspective to a higher level of trade to upgrade our international financial position.
3
It was a matter of concern that China ' s exports had fallen by the lowest horizontal comparison between our and Asian countries and the United States trade data.
In United States dollars, total South Korean exports declined by 11.5 per cent in the first three quarters, by 8.2 per cent and 9.5 per cent in Viet Nam and India, respectively, and by 5.7 per cent in Japan, respectively.
This data amply illustrates that the key cause is the serious economic problems in the economies of Europe and the United States themselves, which have led to a significant reduction in demand.
First, internal problems in European and American economies have affected their demand for Asian products. The debt crisis in European countries and the economic downturn in the United States have reduced consumer purchasing power and demand for external products.
This led to a general decline in total exports from major Asian exporters, but a relatively small decline in China suggests that China ' s position in global trade is relatively strong.
Second, China ' s role in global supply chains has changed. China ' s growing manufacturing power and technology, as well as the development of its domestic market, had made it an important player in the global supply chain.
Thus, only direct trade between China and the United States fell. Trade as a whole is not a “crash fall”, but a steady increase.
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_Other Organiser