General

"Since this year, the company's product sales have been booming, and orders for export to Europe and the United States have been in an endless stream. At present, orders have been placed in October." In Zhejiang Province, eastern China, a relevant person in charge of a company that mainly produces automobile shock absorbers and other products told the media. .

This is a vivid footnote of China's foreign trade development. According to import and export data, in the first eight months of this year, China's total import and export value reached 27.3 trillion yuan, a year-on-year increase of 10.1%. Among them, exports increased by 14.2% and imports increased by 5.2%. Against the background of slowing global economic growth and weakening overseas demand, the steady growth of China's foreign trade in the first eight months was hard-won, reflecting the distinctive features of vitality and resilience.

Among them, private enterprises, the main force of China's foreign trade, performed very well. According to import and export data, in the first eight months, the import and export of private enterprises reached 13.68 trillion yuan, a year-on-year increase of 14.9%, 4.8 percentage points higher than the national overall growth rate, and accounted for 50.1% of China's total foreign trade value. The development of new products, the development of new markets, digital transformation and upgrading, and the exploration of new business forms and new models such as cross-border e-commerce... The vitality of private enterprises is directly reflected in the import and export data.

In addition, the vitality of China's foreign trade also comes from the diversification of the market layout. According to import and export data, in the first eight months of this year, China's imports and exports to major trading partners such as ASEAN, the European Union and the United States increased by 14%, 9.5%, and 10.1% year-on-year respectively. During the same period, China’s imports and exports to countries along the “Belt and Road” increased by 20.2% year-on-year, and its imports and exports with the other 14 members of the RCEP (Regional Comprehensive Economic Partnership) increased by 7.5% year-on-year. The RCEP policy dividends are constantly emerging.

Nanning Qiaohong New Materials Co., Ltd. is the first applicant company for the RCEP certificate of origin in Guangxi. The relevant person in charge of the company said in an interview that because China and Japan reached bilateral tariff reductions for the first time under the RCEP framework, their first batch of clean paper exported to Japan reduced tariffs by about US$10,000. According to reports, in the first half of this year, boosted by the RCEP policy dividend, the value of the company's exports to Japan increased by nearly 34 times year-on-year, and it is expected that exports will maintain a good growth momentum in the second half of the year.

According to Huacheng Import and Export Data Observation Report, the vitality of China's foreign trade lies in following the trend, amplifying its own advantages and providing what the world needs. In recent years, China's new energy vehicle industry has developed vigorously, and its international competitiveness has been significantly improved. According to import and export data, in the first seven months of this year, China's new energy vehicle exports increased by more than 90% year-on-year, becoming a bright spot in foreign trade. Industry insiders pointed out that China's new energy vehicles are mainly exported to Western Europe and Southeast Asia. In June this year, the environment ministers of the 27 EU countries reached a consensus on a plan to ban the sale of fuel vehicles, deciding to stop the sale of new fuel vehicles across the EU in 2035. Analysts believe that this will bring further development space for China's new energy vehicles.

Foreign trade is a barometer for observing China's economy. Despite the complex and severe external environment, China's foreign trade has achieved steady growth in the first eight months, indicating that the fundamentals of China's long-term economic growth have not changed, and the advantages of the industrial chain and supply chain are still obvious. These advantages in turn provide strong support for the growth of foreign trade and enhance the ability of China's foreign trade to cope with uncertainties. Coupled with the accelerated implementation of a series of China's economic stabilization policies and measures, China's foreign trade has the conditions to continue to maintain steady growth.

On the 8th, the 22nd China International Fair for Investment and Trade (CIFIT) was held in Fujian Province, southeastern China. A total of about 70 countries and regions participated in the exhibition online or offline. This is another public platform that China provides to the world to promote international trade and investment. China's strong foreign trade has always been a "pool of living water" to boost the world economy.