（年中经济观察）多重压力下，中国外贸“稳住阵脚”

Core Viewpoint - China's foreign trade has shown a clear upward trend in the first half of the year despite multiple pressures, with cumulative import and export growth gradually increasing from a decline of 1.2% in the first two months to 2.5% in the first five months [1] Group 1: Economic Performance - In the first quarter, the growth rate of imports and exports turned positive, reaching 2.4% in the first four months [1] - The positive performance is supported by factors such as better-than-expected exports, optimized trade structure, and effective policies [1] Group 2: Challenges Ahead - Despite the positive trends, significant pressures remain, particularly from the uncertain trade policies of the United States, which could impact China's exports [1][2] - The global economic growth momentum is weakening, leading to a slowdown in external demand that further compresses China's export space [1] Group 3: Strategic Responses - China is leveraging its advantages in product structure and trade networks to withstand external shocks, with a clear trend towards high value-added and high-tech products [2] - The diversification of markets is accelerating, with increasing trade with emerging and developing economies contributing to foreign trade growth [2] - The government is actively implementing measures to enhance the foreign trade environment and improve enterprise competitiveness [2] Group 4: Policy Impact - A series of high-level institutional opening measures are being introduced to counter external uncertainties, including the expansion of cross-border e-commerce pilot zones [2] - The Ministry of Commerce plans to assist more enterprises in integrating foreign and domestic trade operations, with over 330 foreign trade promotional events scheduled for the second half of the year [2][3] Group 5: Future Outlook - As policy effects gradually manifest, the vitality of China's foreign trade is expected to strengthen [3] - A recent HSBC survey indicates that global companies are adjusting their trade strategies, with China being the most favored market for increasing trade [3] - China's reliance on its full industrial chain advantages and optimized product and market structures is anticipated to create new comparative advantages and growth spaces [3]