Customer First, Quality Assurance
Exports of consumer goods and machinery parts are the main driving force for trade
The report, jointly published by DHL and Accenture, is compiled in a “bottom-up” manner using data from seven major economies, including China, Germany, Japan, the United States, and the United Kingdom, and nearly 150 vertical industries. The analysis report based on big data and artificial intelligence will be released four times a year, and it is expected to predict global trade dynamics and economic trends in the next three months.
Liang Qiyuan, CEO of DHL Global Freight Asia Pacific, said at the press conference that “as China’s economy is transforming into a model driven by consumption and services, the growth of maritime trade has dropped significantly.”
The report pointed out that China's seaborne trade is losing its growth momentum due to China's falling demand for industrial raw materials. China's consumer goods, machinery parts and chemical products are important drivers of China's aviation trade, especially air exports, partially offsetting the negative impact of weak industrial raw material imports and will be the main driver of China's recent trade growth.
According to data from the General Administration of Customs of China, the total value of China's import and export of goods in 2017 was 27.79 trillion yuan, a year-on-year increase of 14.2%, the first increase since 2015.
Liang Qiyuan said that the results of the index compiled this time reflect China's efforts to promote high-quality products to the world and boost domestic consumption expenditures. Although China's investment in infrastructure has slowed down, China's consumption and industrial exports are still strong, and global companies will still have the opportunity to source more high-quality products and raw materials from China.
DHL is a well-known logistics brand under the Deutsche Post DHL Group, providing services including domestic and international parcel delivery, e-commerce delivery services, international express delivery, land, sea and air freight and industrial supply chain management.