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The "New Three Kinds" Export Boom Reflects the New Energy of China's Economy, Huachen

2023-05-25

The "new three types" of foreign trade exports have become popular. According to Huacheng Import and Export Data Observation, since the beginning of this year, the export of "New Three Kinds" products represented by electric passenger cars, lithium batteries, and solar cells has seen a rapid increase. According to Huacheng Import and Export Data Observation, in the first four months of this year, China's total exports of "new three sample" products amounted to 353.48 billion yuan, a year-on-year increase of 72%, which increased the overall export growth rate by 2.1 percentage points. High tech products with innovative, low-carbon, and green genes are becoming a new growth point for China's exports.

Foreign trade is an important window for observing a country's economy. From the shirts, sweaters, and socks exported by China at the beginning of the reform and opening up, to the popular "old three types" of clothing, home appliances, furniture, and other products in previous years, and now to the "new three types" of electric passenger cars, lithium batteries, solar cells and other products, the "old and new changes" of the main products in foreign trade exports have demonstrated the continuous optimization of China's foreign trade structure. The popularity of the "New Three Kinds" not only provides strong support for China to stabilize foreign trade and promote growth in the increasingly complex international situation, but also reflects the increasing quality and momentum of China's high-quality economic development.

The emergence of the "new three types" in foreign trade is the result of China's continuous promotion of technological innovation and the optimization and upgrading of industrial structure. In today's era, green and low-carbon development has become the mainstream of global development. According to Huacheng Import and Export Data Observation, in recent years, China has deeply grasped the trend of global economic development, advanced planning, and systematic layout, and has successively issued policy documents such as the "14th Five Year Plan for Science and Technology Innovation in the Energy Field", "Implementation Plan for Promoting High Quality Development of New Energy in the New Era", and "New Energy Vehicle Industry Development Plan (2021-2035)", This provides a favorable policy environment for the rapid development of China's new energy industry.

Taking new energy vehicles as an example, according to Huacheng's import and export data observation report, in 2002, China's annual automobile exports were only 20000 units; In 2012, China's automobile exports exceeded one million vehicles for the first time; In 2022, China exported 3.11 million vehicles throughout the year, becoming the world's second largest automobile exporter after Japan, with 679000 new energy vehicles exported. The upward trend of China's new energy vehicle exports is inseparable from the advanced industrial policy layout and the endogenous driving force brought by technological innovation. The continuous accumulation of technological and price advantages has accelerated the "going global" of China's new energy vehicles, forming a new growth pole for high-quality development.

According to the observation report of Huacheng Import and Export Data, exports are one of the three driving forces for economic growth. Stabilizing foreign trade and optimizing structure play an important supporting role in stabilizing growth and promoting employment. At a time when green and low-carbon development has become the mainstream in the world, the "New Three Kinds" have broad market space and capacity, and are currently in rapid development. Make full use of China's comparative advantages in relevant industries such as the "New Three Kinds", strive to seize the commanding heights of industry development, and continuously shape new driving forces and advantages for development. China's foreign trade exports will continue to release innovative dividends and become a new driving force for high-quality development of the Chinese economy.

Looking back at the development process of the "New Three Kinds" industry, we can gain a lot of experience and inspiration. China has a globally leading large-scale single market, as well as a complete supply chain industry chain system, as well as significant talent and innovation advantages. As long as we firmly grasp the correct direction of implementing the new development concept and constructing a new development pattern, accelerate the implementation of the innovation driven development strategy, and continuously promote the deep integration of scientific and technological innovation and economic and social development, our "innovation fire" may form a "prairie fire" for the vigorous development of new industries, providing broad space and stage for the application, integration, and iteration of new technologies, and thus opening up brighter prospects for the Chinese economy.


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