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Foreign trade orders declined? The latest data reveals the truth!

Foreign trade orders declined? The latest data reveals the truth! Recently, some people are worried about China's economic prospects. They believe that foreign trade will fall precipitously and foreign trade orders will decline. However, the latest data show that China's economy still maintains stable growth. In particular, the proportion of manufacturing industry in GDP in 2022 reached 27.7%, up 0.2 percentage points from the previous year, which shows that manufacturing industry is still an important support for China's economic growth.

In addition, the contribution of domestic demand to economic growth reached 82.9% in 2022, up 4.8 percentage points from the previous year. This shows that domestic demand is becoming the main driving force of China's economic growth. In terms of innovation, China has also made remarkable achievements. In 2022, China's innovation index ranked one place higher, from 12th to 11th.

Although imports and exports decreased by 0.8%, exports still increased by 0.9%. This shows that our door to opening up is opening wider and wider.

In general, despite concerns about China's economic prospects, the latest data show that China's economy still maintains stable growth and has achieved remarkable results in various fields. This has brought confidence to people, indicating that China still has strong economic development potential and momentum.

Although the latest data show that China's economy has maintained stable growth, some netizens worry that foreign trade will fall precipitously. Some netizens said that the actual situation was that the foreign trade orders were reduced, the foreign trade orders were insufficient, and the factory business was affected. In addition, some large group companies have chosen to invest and build factories in Southeast Asia.

The worries and experiences of these netizens are true. Indeed, some manufacturing enterprises are not doing well in the face of external pressure. However, we cannot ignore the development and progress in other fields. The contribution of domestic demand to economic growth has increased by 4.8 percentage points over last year, indicating that we are moving towards consumption upgrading, which is also an important basis for sustainable economic development.

In addition, innovation is an important engine to promote economic development. Although China has entered the top 12 in the global innovation index rankings, we still need to continue to strengthen independent innovation and core technology research and development to find a truly competitive development path.

In general, we need to take a comprehensive view of China's economic development, neither too optimistic nor too pessimistic. In the face of challenges and difficulties, we need to be more confident, deepen reform, strengthen innovation, promote the coordinated development of domestic and foreign demand, and lay a solid foundation for achieving high-quality economic growth

Although the netizen mentioned the reduction of factory orders, we should also see that the economy is a complex system in which many factors interact. At the same time, we should also see that this netizen's company may be an exception, not the overall trend of the entire manufacturing industry.

In addition, we can also see from the data that the proportion of manufacturing in GDP is still increasing, indicating that the overall trend of the whole manufacturing industry is not declining. Moreover, the contribution of domestic demand to economic growth is also increasing, indicating that the domestic market is gradually expanding, which is also a positive signal.

Of course, we should also recognize that economic operation is a dynamic process, in which fluctuations and adjustments will inevitably occur. However, we can promote the continuous development of the economy by constantly strengthening internal reform and adjustment. At the same time, we can also attract more foreign capital and technology through the open policy to promote the upgrading and transformation of the industry.

In short, the economy is a complex system. We need to look at all kinds of data and phenomena comprehensively and objectively in order to make accurate judgments and decisions.