Four factors affecting the prospects of China sourcing companies
As the world economy changes, China's merchandise imports and exports have surged in the first two months of 2021. According to official data, in the first two months of 2021, Chinese goods import and export reached 5.44 trillion yuan (approximately US$833.58 billion), a year-on-year increase of 32.2%. How to look at the development prospects of China sourcing companies? Today, the editor of the 21 CENTURY COLUMBUS INT'L TRADING LIMITED will focus on this topic and discuss the following aspects.
1. Analysis of the influencing factors of international trade
As we all know, international trade is affected by many factors. To predict the development prospects of China sourcing companies, you might as well understand the two major factors affecting international trade: political and legal factors.
For example, changes in trade policy may change the cost of raw materials and the import and export tariffs on raw materials. This will change the price and profitability of China sourcing companies in the commercial market, and may lead to attempts to find alternative sources or materials.
The legal factors affecting international trade are mainly common law, civil law, and religious law.
All in all, all factors that can affect international trade may affect the development prospects of China sourcing companies.
2. Analysis of the status quo of China's foreign direct investment
According to CEIC data, in December 2020, China's foreign direct investment (FDI) increased by 86.7 billion U.S. dollars, compared with an increase of 58.1 billion U.S. dollars in the previous quarter.
Foreign direct investment will, to a certain extent, intensify the competition of China sourcing companies. Foreign-funded enterprises have strong capital and advanced technology, which can help improve the competitiveness of my country's products, which will indirectly drive the growth of my country's export trade. At the same time, this will also affect the development prospects of China sourcing companies.
3. Trends of China's International Development Cooperation
The development of China sourcing companies will, to a certain extent, be affected by the trend of China's international development cooperation. According to the white paper "China's International Development Cooperation in the New Era" released by the State Council Information Office on January 10:
South-South cooperation is China's basic positioning for international development cooperation.
The joint construction of the “Belt and Road” is an important platform for China to carry out international development cooperation.
Whether it is South-South cooperation or the "Belt and Road", it is an important manifestation of my country's international development cooperation. As the process of China's international development cooperation accelerates, China's international influence will also be significantly improved. As a result, it will also indirectly affect the development of China's foreign trade and the development of China sourcing companies.
4. Diversified marketing methods of foreign trade companies
In addition to the above-mentioned macro factors affecting China sourcing companies’ policies, we can also look at the development prospects of China sourcing companies based on their own development factors. For example, with the rapid development of Internet technology and big data, China sourcing companies can be more advanced The marketing method to acquire customers, improve marketing efficiency, and provide a foundation for the long-term development of China sourcing companies.
Combining the analysis of the above four aspects, it can be concluded that the current development status of China's foreign trade is good, and China sourcing companies are bound to develop towards a steady and positive trend. China's merchandise imports and exports and Chinese goods import and export enterprises are all developing well, but according to the law of market development, good money drives out bad money, and China sourcing companies must continue to improve their own comprehensive strength.
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