05/01/2023
Chinese companies going abroad in 2022 face a new and changing situation: the global economic slowdown, with other factors such as inflation and exchange rate fluctuations, reduce consumer demand for value-added consumption beyond necessities, affecting sales of some categories. Global energy tensions have led to higher raw material prices and higher production costs, compressing the profit margins of cross-border export enterprises. International trade logistics prices fluctuate more frequently, bringing challenges to exporters' capital planning and cost control. At the same time, there is also the phenomenon of some manufacturing industries moving out of the country.
In fact, under the influence of the global epidemic, the supply chain stability of the industrial chain does face a test. Despite the challenges, China's foreign exports and cross-border e-commerce industry have shown great resilience, maintaining a stable development trend. 2022 Chinese government work report mentioned the role of "cross-border e-commerce" for the ninth consecutive year, pointing and firming the direction of China's foreign trade. According to the data released by the General Administration of Customs, China's export trade volume from January to August 2022 was 15.48 trillion yuan, up 14.2% year-on-year, maintaining a good development trend. Among them, private enterprises' export growth showed great vitality, in the export of foreign trade in the proportion of 37.6% in 2012, which rose to 60% as of August this year.
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