Core Insights - China's foreign trade has shown resilience and maintained steady growth despite multiple pressures, exceeding market expectations [1][2] - In the first 11 months of the year, China's total goods trade value reached 41.21 trillion yuan, with a year-on-year growth of 3.6% [1] - The trade structure has improved, with general trade becoming the mainstream, accounting for 63.2% of total foreign trade value [1] Trade Performance - In November, the year-on-year growth rate of imports and exports rebounded to 4.1%, marking 10 consecutive months of growth since February [1] - Emerging markets have contributed significantly to trade growth, with trade volumes with ASEAN, Africa, and Latin America increasing at rates higher than the overall foreign trade growth [1] Product Structure - The upgrade in product structure is a notable highlight, with electromechanical products accounting for over 60% of exports in the first 11 months [1] - Key categories such as integrated circuits and automobiles have seen significant export growth, indicating China's advantages in advanced manufacturing [1] Future Outlook - Despite challenges such as slowing global trade growth and potential trade barriers, analysts remain optimistic about China's foreign trade in the coming year [2][3] - Factors such as market diversification and the upgrading of export goods are expected to sustain resilience in foreign trade [3] - The commencement of the Hainan Free Trade Port and the signing of the upgraded China-ASEAN Free Trade Area 3.0 agreement are anticipated to create more opportunities for foreign trade [3]
(年终特稿)中国经济这一年:直面压力外贸韧性足
Zhong Guo Xin Wen Wang·2025-12-26 05:16