Core Viewpoint - China's foreign trade shows resilience and steady growth despite global challenges, with a 3.5% year-on-year increase in imports and exports in the first seven months of the year, driven by supportive policies and improved adaptability of enterprises [1][2][5]. Group 1: Trade Performance - In the first seven months of the year, China's total import and export value increased by 3.5%, with exports growing by 7.3% and imports declining by 1.6% [1]. - In July alone, the total import and export value reached 3.91 trillion yuan, marking a historical monthly high with a year-on-year growth of 6.7% [1]. - The growth rates for exports and imports in July were 8% and 4.8%, respectively, indicating a simultaneous improvement in domestic and external demand [1]. Group 2: International Cooperation - Amid rising global unilateralism and protectionism, China is actively deepening international economic cooperation through multilateral mechanisms and regional agreements [2]. - Trade with countries along the "Belt and Road" has become significant, accounting for nearly half of China's total trade value, with double-digit growth in high-tech products [2]. Group 3: Regional Trade Dynamics - A diversified trade pattern has emerged, with ASEAN being China's largest trading partner, accounting for 16.7% of total trade, followed by the EU at 13% [3]. - Trade with emerging markets in Africa and Central Asia has seen rapid growth, with increases of 17.2% and 16.3%, respectively [3]. Group 4: Export Structure and Quality - The export of electromechanical products reached 9.18 trillion yuan, representing a 9.3% year-on-year increase and accounting for 60% of total exports [4]. - Exports of integrated circuits and automobiles grew by 21.8% and 10.9%, respectively, highlighting their role as key growth drivers [4]. - Traditional labor-intensive product exports declined by 0.8%, indicating a shift towards higher value-added products and green trade opportunities [4]. Group 5: Policy Support and Future Outlook - China is implementing a "policy combination" to stabilize foreign trade, including tax reductions and improved business environments [5]. - Supportive measures for small and micro foreign trade enterprises have been expanded, and efforts to enhance trade facilitation are ongoing [5]. - Future trade growth is expected to be robust, particularly with emerging markets, as China continues to strengthen international cooperation [5].
中国外贸有望保持“量稳质升”的强劲韧性
2 1 Shi Ji Jing Ji Bao Dao·2025-08-07 22:27