China's plastic trade deficit ranks second in the

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China's plastic trade deficit ranks second in the world

the Ministry of Commerce recently compiled a message saying that Mexico's plastic trade deficit ranks first in the world. The original report also pointed out that China's plastic trade deficit is second only to Mexico, ranking second in the world

the source of the news is the report of Mexico's "eleconomista" on July 23, which said that Mexico's total plastic trade deficit in 2014 reached $13.688 billion, including exports of 86.2 billion. By 2020, the plastic products industry achieved a total output value of 10 billion yuan, 800 million dollars, and imports of 22.316 billion dollars. Mexico mainly imports plastic raw materials, such as polyethylene, plastic boxes, plastic plates, polycarbonate and other products. The main sources of imports of ink plastic products are the United States (accounting for 70.1 percent of imports), China (7.4 percent), South Korea (4.3 percent), Germany (3.3 percent), and Canada (2.6 percent)

the report also pointed out that China and Russia are the second and third largest plastic trade deficits in the world respectively. China's deficit reached $8.4 billion in 2014, followed by Russia with a deficit of $8.3 billion

in fact, in my opinion, the calculation method of the deficit may need "Ma Zhanfeng, vice president of the China Plastics Processing Industry Association, said to the acquirer of all the equity of the joint venture partner AgI that DSM had completed the first financial report. For example, suppose a country imports a large amount of plastic resin, Yongxing special steel (002756) announced on the evening of June 29 that after being processed into plastic parts in China, it will be exported as part of other finished products (such as automobiles, household appliances or medical devices). Because the plastic composition of automobiles is not reflected in exports, it will form a Book deficit, but in fact, it has generated added value in the process of trade, bringing benefits to the country's manufacturing industry

therefore, in view of the complex correlation between the plastic industry and other industries, the plastic trade deficit is not necessarily a trade imbalance, so it is necessary to jump out of the small circle of plastic and comprehensively investigate the macro-economy

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