21社论丨中国外贸有望保持“量稳质升”的强劲韧性

Core Viewpoint - China's foreign trade shows resilience and steady growth despite complex international economic conditions, 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 enhanced international cooperation [1][4]. Group 1: Trade Performance - In the first seven months of the year, China's total import and export value reached 3.91 trillion yuan in July, marking a historical monthly high with a year-on-year growth of 6.7% [1]. - Exports grew by 7.3% while imports decreased by 1.6%, indicating a strong performance in external demand [1]. - The trade value with ASEAN reached 4.29 trillion yuan, a 9.4% increase, making it China's largest trading partner [2]. Group 2: Trade Structure - The export of mechanical and electrical products reached 9.18 trillion yuan, accounting for 60% of total exports, with integrated circuits and automobiles being key growth drivers [3]. - Traditional labor-intensive product exports declined by 0.8%, indicating a shift towards high-tech and high-value products [3]. - The export of new energy vehicles and related products has seen significant growth, reflecting the industry's adaptation to global energy transition trends [3]. Group 3: Policy Support and Future Outlook - The Chinese government has implemented a series of supportive policies, including tax reductions and improved business environments, to stabilize foreign trade growth [4]. - There is an expectation for continued strong growth in trade with emerging markets, enhancing resilience against external risks [5]. - The ongoing deepening of economic cooperation with Europe is expected to foster mutual benefits and industry development [5].