General

Since this year, in the face of challenges such as weakening external demand in the European and American markets and intensifying international competition, foreign trade enterprises have actively responded, seeking ways to stabilize orders, while expanding new markets for international trade. China's foreign trade resilience is constantly increasing.

In Yiwu International Trade City, foreign merchants who come to purchase Chinese goods can be seen everywhere. Since March, the daily average passenger flow of Yiwu International Trade City has exceeded 200000 person-times, of which more than 1600 foreign businessmen have entered the market on an average day, an increase of 30.2% year-on-year.

In the first two months, in response to changes in the external market, local governments actively guided enterprises to adjust the direction of international trade exports. The Chamber of Commerce composed of this toy enterprise is promoting the formulation of industry standards, from adapting to the European and American markets in the past to more accurately matching the needs of markets such as ASEAN and Arab countries.

The expansion of diversified markets has effectively enhanced the stability of international trade exports. In the first two months of this year, China's exports to ASEAN and countries along the "the Belt and Road" have increased by more than 15%. At the same time, in response to the transfer of orders brought about by the adjustment of the international division of labor, many foreign trade enterprises are actively seeking change, starting to create their own brands, and breaking away from the path dependence on OEM orders.

According to data from the Ministry of Commerce, in the first two months of this year, the total import and export volume of China's international trade in goods exceeded 6 trillion yuan, the second highest value in history over the same period. Against the backdrop of a general decline in exports from neighboring countries, China's total international trade exports continued to maintain a positive growth of 3.5 trillion yuan.