China's monthly trade surplus reached 680 billion in July, which may continue to hit a new high in the future, indicating that China's export capacity has gradually reached a new level.
How do we make money from the world? We mainly rely on friends all over the world. Our own industrial base is relatively strong, and various industrial categories are very homogeneous. Moreover, it is very important that we have made many friends in energy. Some oil suppliers such as Russia, Saudi Arabia and United Arab Emirates have signed long-term mutually beneficial cooperation agreements with us.
China's monthly trade surplus in July reached a record 680 billion pounds. Why is China's trade surplus getting bigger and bigger, even hitting a record in a single month? It is because our epidemic situation management is better than others that the epidemic situation has led to a sharp decline in foreign production efficiency. Our surplus means that countries that trade with us have a high probability of deficit, and it is true. China is the only major industrialized country in the world with a surplus.
In 20 19, China's trade surplus was 2.92 trillion RMB. In the first half of this year, our trade surplus reached 2.48 trillion yuan, which set a historical record in July. There is no doubt that the trade surplus will exceed 6 trillion yuan, and may even reach 6.5 trillion yuan! This is twice the trade surplus of 20 19+!
According to the current trend, as long as the COVID-19 epidemic continues, China's trade surplus will exceed Russia's GDP (more than 65,438 US dollars +0.3 trillion) next year, and China's trade surplus will exceed South Korea's GDP (more than 65,438 US dollars +0.6 trillion) the following year, which is one of the huge dividends for China to implement the dynamic zero clearing model.
At present, many people, influenced by the propaganda of western media on the Internet, think that COVID-19 cannot be prevented! Instead of wasting people's money to do dynamic zero clearing, it is better to choose to save with viruses. Again, official data don't lie. We need to have confidence in ourselves and our country.
With the global raw materials and production costs rising on a large scale, China's product production is very cost-effective, and it has always maintained its competitive advantage over other countries. At present, the places where we make money and earn a relatively high surplus are mainly the United States, the European Union, South Korea, Japan and other places. As a result, our surpluses in Japan and South Korea have reached new highs, and these two countries with which we have had a long-term trade deficit are now beginning to show surpluses.
The main reason is that the competitiveness of our products in some high-end industries such as chips and new energy vehicles is constantly improving. In this case, the main reason is that the competitiveness of our products in some high-end industries such as chips, new energy and automobiles is also constantly improving. In this case, foreign countries can sell us less, but we can export more.
Of course, in the long run, we still have to strive to achieve trade balance. Only when they are balanced will they constantly improve each other. It is necessary for us to increase the procurement of energy and raw materials in some economically underdeveloped areas. At the same time, we only try to invest in some manufacturers of primary industrial products in these countries. Let these countries produce some clothes, shoes and hats. And make some parts for our development. In this way, part of the production capacity will be transferred abroad, which will promote a more balanced trade between countries in the future.