回升！4.1%

Core Viewpoint - China's foreign trade shows a steady growth trend with a total import and export value of 41.21 trillion yuan in the first 11 months, reflecting a year-on-year increase of 3.6% [2] Group 1: Trade Performance - In November, China's total import and export value reached 3.9 trillion yuan, growing by 4.1% compared to the previous month [1][2] - Exports in November amounted to 2.35 trillion yuan, with a year-on-year growth of 5.7%, while imports were 1.55 trillion yuan, increasing by 1.7% [2] Group 2: Export Products - Mechanical and electrical products accounted for over 60% of exports, with significant growth in integrated circuits and automobiles [3] - In the first 11 months, exports of mechanical and electrical products reached 14.89 trillion yuan, up 8.8%, representing 60.9% of total exports [3] Group 3: Trade Partners - ASEAN has become China's largest trading partner, with trade totaling 6.82 trillion yuan, a year-on-year increase of 8.5% [3] - Trade with the EU reached 5.37 trillion yuan, growing by 5.4%, while trade with the US decreased by 16.9% to 3.69 trillion yuan [3] Group 4: Trade with Belt and Road Countries - Trade with countries involved in the Belt and Road Initiative totaled 21.33 trillion yuan, reflecting a year-on-year growth of 6% [4] - The reliance on traditional developed economies is decreasing, with ASEAN and Belt and Road countries becoming stable trade partners [4] Group 5: Trade Entities - Private enterprises and foreign-invested enterprises showed growth in imports and exports, with private enterprises accounting for 57.1% of total foreign trade [4] - In the first 11 months, private enterprises' trade reached 23.52 trillion yuan, up 7.1% [4] Group 6: Policy Support - Recent policies aimed at stabilizing foreign trade include financial support, tax refund facilitation, and increased support for new business models like cross-border e-commerce [4] - Future policies are expected to focus on institutional reforms, nurturing new growth drivers, and optimizing the cross-border business environment [4]