稳外贸，挑战不小机遇更大

Core Viewpoint - China's foreign trade is under pressure but presents significant opportunities, supported by a stable economic foundation, competitive industries, and high-level openness [1][3]. Trade Performance - In the first five months of the year, China's total goods trade value reached 17.94 trillion yuan, a year-on-year increase of 2.5% [1][2]. - Trade with major partners like ASEAN and the EU continues to grow, despite a contraction in trade with the US [1][2]. - The trade growth trajectory shows improvement, with a 2.7% increase in May, following a 2.4% growth in the first four months [2]. Economic Environment - The global trade environment has deteriorated significantly, with the WTO predicting a 0.2% decline in global goods trade volume by 2025 [2]. - External pressures include rising supply chain costs, shrinking market demand, and increased uncertainty in international rules [2][4]. Strategic Response - China is focusing on stabilizing employment, businesses, and market expectations to counteract external uncertainties [1][4]. - The country is enhancing its market diversification and deepening cooperation in industrial and supply chains, which strengthens its resilience [3][4]. Industry Dynamics - High-tech products are gaining market competitiveness, with new intelligent, digital, and green products emerging as key growth drivers for exports [3]. - Private enterprises are playing a crucial role in maintaining stable foreign trade growth, demonstrating strong market adaptability [4]. Long-term Outlook - China is transitioning from a trade giant to a trade power, emphasizing the need for confidence amid rising unilateralism and geopolitical tensions [4][5]. - The formation of a multi-point support structure in China's foreign trade system is seen as a favorable factor for future growth [4].