US "International Herald Tribune" May 8 article, original title: For China, the rise in oil prices drives other exports for Chinese companies wishing to enter high value-added industries and the Chinese economy to be adjusted, oil-driven, value The $1 trillion in unexpected trade volume is a timely and timely help.
Developing countries that produce petroleum and related products use the proceeds of rising prices of these products to buy about $1 trillion in Chinese products. What is more important to China is that the high value-added products they buy are the direction that Beijing hopes to export enterprises.
“The oil exporting countries have unexpectedly benefited from the rise in commodity prices, and they are now returning these benefits to the global trading system,” said a Chinese economist at Societe Generale’s private bank in Hong Kong. “The first line of hope for Chinese exports is precisely the other. Emerging economies".
In the past, China’s exports have driven growth, mainly relying on processing trade – importing raw materials and accessories, assembling them into products, and then exporting them overseas. The source of value of Chinese exports is changing now. Orders from developing countries are increasing, buying industrial products to improve their infrastructure – these products are accompanied by high domestic value added because the parts are made in China. This trade focus adjustment will benefit China's domestic economy, and its potential will become more apparent after improving technology and production lines to meet new customer needs.
According to the analyst of the consulting company Longzhou Jingxun, the domestic added value accounts for 30% to 50% of the total processing trade, and the ratio is 70% to 90% of the exports of products manufactured with local parts. Such exports accounted for approximately 48% of China’s total exports in 2011, compared with an average of 41% from 2001 to 2005.
The integration will increase the effect of domestic value added and new export destinations, or will support China's export growth in the next 10 years, creating more jobs and wealth. Stabilizing the oil exporting country market will ensure that China earns a large amount of money spent on energy every year. The International Energy Agency's study of how oil price increases affect the import demand of OPEC members shows that China spends US$1 on energy imports, which will generate 64 cents of export demand. One of the reasons why Beijing encourages this market diversification is that the EU's demand is unreliable, and the panic of recession is rising again.
Developing countries that produce petroleum and related products use the proceeds of rising prices of these products to buy about $1 trillion in Chinese products. What is more important to China is that the high value-added products they buy are the direction that Beijing hopes to export enterprises.
“The oil exporting countries have unexpectedly benefited from the rise in commodity prices, and they are now returning these benefits to the global trading system,” said a Chinese economist at Societe Generale’s private bank in Hong Kong. “The first line of hope for Chinese exports is precisely the other. Emerging economies".
In the past, China’s exports have driven growth, mainly relying on processing trade – importing raw materials and accessories, assembling them into products, and then exporting them overseas. The source of value of Chinese exports is changing now. Orders from developing countries are increasing, buying industrial products to improve their infrastructure – these products are accompanied by high domestic value added because the parts are made in China. This trade focus adjustment will benefit China's domestic economy, and its potential will become more apparent after improving technology and production lines to meet new customer needs.
According to the analyst of the consulting company Longzhou Jingxun, the domestic added value accounts for 30% to 50% of the total processing trade, and the ratio is 70% to 90% of the exports of products manufactured with local parts. Such exports accounted for approximately 48% of China’s total exports in 2011, compared with an average of 41% from 2001 to 2005.
The integration will increase the effect of domestic value added and new export destinations, or will support China's export growth in the next 10 years, creating more jobs and wealth. Stabilizing the oil exporting country market will ensure that China earns a large amount of money spent on energy every year. The International Energy Agency's study of how oil price increases affect the import demand of OPEC members shows that China spends US$1 on energy imports, which will generate 64 cents of export demand. One of the reasons why Beijing encourages this market diversification is that the EU's demand is unreliable, and the panic of recession is rising again.