CCPVirus Killed Its Private Exporting Enterprises

Translator: VOG-TranslationTeam-Lily

March 26

The general administration of customs of the communist party of China releases import and export data for the first two months of 2020. The data shows that the total value of trade imports and exports in the first two months was 4.12 trillion yuan, and the cumulative decline in foreign trade imports and exports was 9.6%. Among them, exports fell by 15.9% and imports fell by 2.4%. The total trade between the CCP and ASEAN is 594.11 billion yuan, A year-on-year increase of 2%; the total trade with the European Union was 557.42 billion yuan, a decrease of 14.2%; The total value of trade with the United States was 422.5 billion yuan, a decrease of 19.6%.

The total import and export volume of private enterprises in the first two months was 1.73 trillion yuan, a decrease of 6.6%, less than the overall decline of 3 percentage points, accounting for 41.9% of the total foreign trade of the Communist Party of China, and a 1.3% increase in the proportion of non-private enterprises in the same period last year. In the first two months, the export of textile and apparel products was 208.49 billion yuan, a decrease of 18.7%, of which textile exports were 96.23 billion yuan, and clothing exports were 112.26 billion yuan, both down 18.7%.

In 2020, the export volume of China’s photovoltaic modules fell for two consecutive months. In January, the export volume decreased by 1.59 GW compared to the same period, a year-on-year decrease of 26%; in February, it decreased by 0.83 GW, a 22.6% year-on-year decrease. Exports in February were only around 2.83 GW, which was a 57.2% decrease compared to January. This export data can clearly see how horrible the damage of the CCP virus to export private enterprises, and some examples are even more pitiful.

Source: GNEWS-Chinese,

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Mar. 27, 2020