China Net Finance, July 22. The State Council Information Office will hold a press conference at 2 pm on July 22, 2021 (Thursday). Relevant persons in charge of the Ministry of Commerce are invited to introduce the business work and operation in the first half of 2021 and answer questions from reporters. .
The following is the text record:
reporter:Recently, the prices of international commodities and raw materials have soared, and the renminbi has appreciated. How much impact will this have on the business of foreign trade companies? What are the considerations for alleviating the cost pressure of enterprises?
Li Xingqian, Director of the Foreign Trade Department of the Ministry of Commerce:Thank you for your understanding and concern about the pressure of foreign trade enterprises. Since the beginning of this year, the difficulties such as rising raw material prices, poor shipping and logistics, large exchange rate fluctuations, and rising labor costs have caused difficulties such as “four encounters”, leading to rising operating costs of foreign trade companies and squeezing their profit margins. Some foreign trade companies “do not want to receive orders”. Increasing production does not increase profits”, and small and medium foreign trade enterprises will be more affected. The Ministry of Commerce attaches great importance to this. In terms of rising prices of raw materials, analysis shows that international transmission of prices is the main reason. The rapid increase in domestic and foreign demand has further aggravated the upward trend of prices, which has brought great pressure on production and foreign trade companies. We will closely follow up and monitor the price trends of bulk commodities with various localities and departments, promote the diversification of imports, and build stable foreign trade channels for bulk commodities. The prices of some bulk commodities have already fallen. In terms of maritime logistics, we will closely follow up on maritime issues with relevant departments to promote the increase in container output, strengthen capacity guarantees and price supervision. Various localities have also introduced a series of measures to actively respond. At present, the investment in capacity, the return of old containers, and the launch of new containers have achieved significant results. progress. Regarding exchange rate fluctuations, we will work with relevant departments to promote financial institutions to continuously optimize exchange rate hedging products and services, and actively promote the “Exchange Rate Hedging Business Handbook for Foreign Economic and Trade Enterprises” to provide targeted guidance for enterprises to avoid risks.
The Ministry of Commerce has been closely following the practical difficulties faced by foreign trade companies. On the basis of in-depth analysis and judgment, we will further improve the trade policy toolbox, optimize the business environment, reduce enterprise costs, and support various market entities, especially small, medium and micro foreign trade enterprises in stable production and healthy development. Return to Sohu to see more
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