As factory of post base, we are facing challengs post-pandemic.
China’s foreign trade will see challenges during the second half of the year, but is still expected to register solid growth, according to analysts and business leaders.
Such challenges include recurring COVID-19 outbreaks, rising costs from disrupted logistics and surging commodity prices. The reoccurring COVID-19 outbreaks, especially the rampant spread of the Delta variant, together with surging commodity and sea freight prices, will have a negative impact on China’s foreign trade. But the good performance of China’s foreign trade in the past seven months also indicates promising prospects in the coming months, considering that performance was achieved when China only adopted minimal economic stimulus measures.
Imports are expected to continue their healthy momentum as the Chinese economy continues to recover and grow, while exports will be supported by recovering demand overseas as countries such as the United States have been resorting to strong economic stimulus measures. Challenges facing China’s foreign trade mainly come from high commodity prices, disrupted logistics, increased shipping costs, order transfers from China as other countries resume production and pressure on economic growth amid the country’s pursuit to peak carbon emissions before 2030 and realize carbon neutrality before 2060.
Director of the General Administration of Customs’ Statistics and Analysis department, said the growth rate of China’s foreign trade is likely to slow during the second half of the year due to a high comparative base in 2020.
High material costs and disruptions in maritime freight have compromised profitability of foreign trade enterprises and dampened their willingness to accept new orders. Now customers are more willing to purchase cost-effective products that can be delivered within a short period in order to get profits in a short period of time.
We are supplier of different metal products, such as post base, baluster tube etc. We treat customers like our family members.