Core Viewpoint - China's foreign trade shows resilience in the face of external challenges, with a total import and export value of 14.14 trillion yuan in the first four months of the year, reflecting a year-on-year growth of 2.4% [1] Group 1: Trade Performance - In April, China's total import and export value reached 3.84 trillion yuan, growing by 5.6%, with exports accelerating to 9.3% and imports turning positive at 0.8% [2] - ASEAN remains China's largest trading partner, with a trade value of 2.38 trillion yuan from January to April, growing by 9.2% [3] - The EU is the second-largest trading partner, with exports to the EU reaching 1.21 trillion yuan, growing by 6.1% [4] - Trade with the US decreased significantly in April, with a total trade value of 326.92 billion yuan, down 13.25% from March [4] Group 2: Export Dynamics - High-tech product exports showed strong performance, with a total export value of 536.03 billion yuan in the first four months, growing by 7.6% [5] - Mechanical and electrical products accounted for 60.1% of total exports, with a value of 5.04 trillion yuan, growing by 9.5% [5] - The export of automobiles reached 2.158 million units, a year-on-year increase of 15.2% [5] Group 3: Role of Private Enterprises - Private enterprises are crucial for maintaining the vitality of foreign trade, contributing to a 3.7 percentage point increase in overall import and export growth [6] - In the first four months, private enterprises' import and export value reached 8.05 trillion yuan, growing by 6.8% and accounting for 56.9% of total foreign trade [6]
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券商中国·2025-05-09 06:46