Investment and Trade Overview - In the first four months of 2025, China's total foreign direct investment reached $57.54 billion, a year-on-year increase of 7.5% [2] - Non-financial direct investment abroad was $51.04 billion, growing by 5.6%, with investment in Belt and Road Initiative countries amounting to $12.78 billion, up 16.4% [2] - The total revenue from foreign contracted projects was $47.11 billion, reflecting a growth of 6.8%, while new contract amounts reached $76.59 billion, increasing by 22.4% [2] - In Belt and Road countries, the revenue from contracted projects was $37.99 billion, a 5.2% increase, with new contracts totaling $64.54 billion, up 17.4% [2] Domestic Consumption and Market Development - The Ministry of Commerce plans to enhance domestic consumption to strengthen the domestic economic cycle, focusing on accelerating consumption initiatives and improving service consumption [5][6] - Specific actions include upgrading consumer goods, implementing trade-in programs, and promoting diverse service offerings in health, elderly care, and childcare [5][6] - The government aims to foster new consumption models, such as digital and green consumption, and enhance the urban commercial landscape through improved trade infrastructure [6] APEC Trade Minister Meeting Insights - The APEC Trade Minister Meeting held in May 2025 addressed concerns over unilateralism and protectionism impacting multilateral trade systems [8][9] - A consensus was reached on the importance of the WTO and the need for meaningful reforms, with commitments to deepen cooperation in areas like digital economy and supply chain connectivity [8][9] - China expressed its stance against the U.S. export controls on AI chips, emphasizing the need to protect its enterprises' rights and interests [9] Home Appliance Market Performance - The home appliance retail sector has seen double-digit growth for eight consecutive months, with a 38.8% year-on-year increase in April [10] - Over 34 million consumers participated in the appliance trade-in program from January to April 2025, leading to sales of over 51 million units and generating revenue of 174.5 billion yuan [10] - The retail sales of home appliances reached 346.9 billion yuan in the first four months, marking a 23.9% increase compared to the previous year [10]

Core Viewpoint - The Ministry of Commerce emphasizes the importance of helping foreign trade enterprises expand into domestic sales and effectively implement policies to benefit a broader range of foreign trade companies [1] Group 1: Policy Implementation - The Ministry of Commerce will focus on accelerating and enhancing efforts to strengthen domestic circulation and expand high-level opening-up to respond to uncertainties with high-quality development [1] - There is a commitment to integrate domestic and foreign trade, assisting enterprises in effectively coping with external shocks [1] Group 2: Support for Foreign Trade Enterprises - Active measures will be taken to help foreign trade enterprises tap into domestic markets, including organizing events like "Foreign Trade Quality Products China Tour" to connect associations, supermarkets, e-commerce platforms, and foreign trade companies for procurement [1] - The initiative aims to encourage more foreign trade enterprises in sectors such as automobiles, home appliances, and home decoration to participate in "old-for-new" exchange programs [1] Group 3: Market Capability Enhancement - The Ministry plans to deepen the integration of domestic and foreign trade pilot programs to enhance the operational capabilities of enterprises in both markets, better preparing them to face external risks and challenges [1]

Group 1: Tariff Reduction Impact - The recent significant reduction of bilateral tariffs between China and the U.S. has led to an increase in orders from American clients, with one company reporting over $3 million in new orders since May 12 [1] - The volume of container bookings from China to the U.S. has surged nearly 300%, resulting in a "full cabin" situation on routes to the U.S. [1] - Companies are optimizing logistics and expanding overseas warehouse plans in response to increased demand [1] Group 2: Company Strategies and Market Position - A company specializing in ski equipment has maintained a stable 10% market share in the U.S., emphasizing the importance of long-term partnerships and technological trust with American clients [2] - The same company has seen domestic orders increase to about 30% of total sales, driven by the domestic ice and snow economy [2] - Another company, focusing on bus manufacturing, plans to shift its sales strategy to increase domestic sales from 10% to 40% while maintaining a balanced approach between domestic and international markets [3] Group 3: Transportation and Trade Developments - The launch of a new "one order" cross-border rail-sea transport service at Yantai Port has significantly improved international logistics efficiency, reducing transport time by 50% [3] - Yantai Port has expanded its shipping routes to North Africa and the Persian Gulf, increasing the frequency of services to mitigate the impact of U.S. tariffs [4] - The port has established 16 trade routes for vehicle exports, connecting over 30 countries and achieving an average of 21 foreign trade voyages per month [4] Group 4: Economic Performance and Trade Integration - Shandong Province has seen a 7.6% year-on-year increase in imports and exports in the first four months of the year, ranking it among the top five provinces in China for foreign trade growth [5] - The province is actively promoting the integration of domestic and foreign trade, with initiatives to support foreign trade enterprises in expanding into domestic markets [5]

21世纪经济报道记者柳宁馨 杭州报道 杭州市经信局二级巡视员杨荣欣表示，此次对接会的举办，将为企业搭建起一个重要的交流合作平台， 通过与电商平台开展深度产销对接，实现平台赋能、资源聚合，为企业打通堵点、链接商机，在变局中 开创新局。对于外贸企业而言，"内外贸一体化"是应对挑战、促进长远发展的重要路径。 余杭区经信局党委书记、局长徐春表示，当前消费品类企业面临订单减少、成本上升、市场竞争加剧等 重重挑战。为此，余杭区深入调研企业痛点难点，掌握到企业想要打破内外贸壁垒，开拓更广阔的市场 的诉求，主动对接杭州市经信局筹备本次对接会。同时，余杭区还致力于为企业提供丰富的应用场景。 当前，全球经济形势复杂多变，单边主义、贸易壁垒不断冲击国际市场秩序，给制造业企业带来了前所 未有的挑战。 5月20日，由杭州市经信局主办，余杭区经信局承办的杭州市消费品类企业"内外贸一体化"对接会（余 杭站）在阿里巴巴园区顺利举行，西湖、余杭、富阳和临安区42家企业50余人参会。活动旨在帮助企业 应对复杂多变的国际环境，稳增长、拓市场。 （对接会现场，图片由杭州市经信局提供） 淘天集团、1688、全球速卖通、阿里国际站、Lazada华东、钉 ...

Group 1 - The core event is the "Integration of Domestic and Foreign Trade" matchmaking conference held by the Hangzhou Economic and Information Technology Bureau at Alibaba Group, aimed at creating a new foreign trade ecosystem for high-quality consumer goods produced in Hangzhou [5] - Over 40 participating companies included both veteran foreign trade enterprises with over 20 years of experience and new cross-border teams, all aiming to explore new global market channels [5] - Alibaba Group shared market expansion methodologies through its four core business teams, providing new insights for participating companies [5] Group 2 - A small selection meeting took place alongside the conference, showcasing various products such as outdoor lighting, skincare products, sunscreen clothing, and artificial cochlear implants [6] - Zhejiang Junhui Food Technology Co., Ltd. is preparing to enter overseas markets, with a newly established foreign trade department and annual revenue exceeding 100 million yuan [6] - Hangzhou Xinsong Clothing Trade Co., Ltd. is seeking innovative materials for its products, with a focus on graphene sunscreen clothing, and plans to conduct on-site exchanges and market research in South Africa and Southeast Asia [7] Group 3 - Nearly 20 companies reached intent to cooperate with e-commerce platforms during the matchmaking conference, indicating a successful outcome [7] - The Hangzhou Economic and Information Technology Bureau plans to continue organizing similar matchmaking events to facilitate face-to-face interactions between manufacturing companies and e-commerce platforms, promoting Hangzhou's quality consumer goods globally [7]

当前，国际形势变乱交织，单边主义、保护主义逆流涌动，对国际经贸秩序造成严重冲击。我国外贸企 业出口承压，出口转内销成为不少企业解决当前困难的重要选择。促进出口转内销的重要意义体现在哪 些方面？企业在出口转内销过程中有哪些堵点、难点？各方如何综合发力助企业"两条腿"走路？记者连 线专家学者进行探讨。 董超：当前我国企业出口环境复杂严峻，出口转内销成为应对当前国际经贸形势、缓解外贸企业压力的 重要措施。 ——编者 对话嘉宾： 桑百川对外经济贸易大学中国开放经济理论研究院院长 董超商务部研究院流通与消费研究所所长 郭迎锋中国国际经济交流中心副研究员 出口转内销举措的重要意义体现在哪些方面？ 郭迎锋：推动内外贸一体化发展，是我国构建新发展格局的战略选择。通过激活内需、升级产业、搭建 内外循环的"连接器"，内外贸一体化发展正在提升中国经济的内生动力与全球竞争力。未来，随着市场 一体化发展、制度衔接和产业融合，"内外兼修"将成为我国高质量发展的一个显著特征。 出口转内销是我国外贸企业抵御外部冲击的关键手段，我国超大规模市场的战略纵深为外贸企业的出口 转内销提供了有效的转型缓冲。例如，我国电商平台正利用大数据、人工智能等技 ...

Core Insights - The event "Foreign Trade Quality Products China Tour (Bao'an Session) and JD Retail 3C Digital Industry Supply and Demand Matching Exchange Conference" was held in Bao'an, Shenzhen, aimed at leveraging platform advantages to support local enterprises in accessing domestic and international markets [1][3] - Bao'an district, a strong industrial area with an export-import total exceeding 600 billion yuan, is focusing on integrated development of domestic and foreign trade to navigate external uncertainties [3][5] Group 1 - The event attracted over 350 enterprises, showcasing Bao'an's manufacturing strength with 277 national-level specialized "little giant" enterprises [3] - Bao'an's export growth rate is projected to reach 29.6% in 2024, ranking first in the city [3] - JD Group played a significant role by introducing beneficial resources for Bao'an enterprises, including a "green channel for self-operated entry" and a "zero-commission model" for JD's self-operated services [3][5] Group 2 - The Bao'an District Commerce Bureau emphasized policies supporting integrated development of domestic and foreign trade, including the establishment of foreign trade product exhibition areas in malls and supermarkets [5] - Collaboration with online platforms like JD and 1688 is being deepened to create dedicated sections for Bao'an foreign trade products, providing traffic support for these sections [5] - The Bao'an Market Supervision Bureau highlighted compliance requirements such as "Chinese labels, 3C certification, and localized intellectual property" to assist enterprises in navigating regulatory challenges [5]

Group 1 - Guangdong Province is promoting the "going global" strategy for its time-honored brands, with a series of trade promotion activities in Italy and the UK from May 7 to May 14, 2025 [1][3] - The trade promotion events included the Guangdong Time-Honored Brands Economic Promotion Conference in Milan and London, featuring 13 business matching activities, resulting in 2 signed cooperation agreements and 21 cooperation intentions [1][3] - Guangdong has 281 time-honored brands with an average age of 93 years, showcasing unique craftsmanship and cultural significance, which aligns with the brand heritage and innovation in Italy and the UK [3] Group 2 - The events attracted nearly 100 local enterprises, creating a vibrant atmosphere for interaction and sharing [5][7] - Notable speakers included representatives from the Italian Nexus Group, ZTE Italy, and UK Duelstone, who shared their experiences related to China [7] - The promotion featured an interactive experience area showcasing traditional products like Chenpi, steamed dumplings, and mooncakes, allowing participants to appreciate the blend of traditional craftsmanship and modern business [10]

Group 1 - The article emphasizes the importance of adapting to changing global trade conditions and highlights the proactive measures taken by companies in regions like Dongguan and Jinjiang to maintain competitiveness and innovation [1][4] - Companies are encouraged to diversify their markets, innovate products, and enhance brand recognition to navigate external challenges effectively [1][4] - The Chinese government is focusing on stabilizing enterprises as a key strategy for economic growth, with initiatives aimed at providing support and alleviating difficulties faced by businesses [2][5] Group 2 - The article discusses the need for precise policies to address the specific challenges faced by different foreign trade enterprises, such as standardization and sales channel development [3] - It highlights the importance of integrating domestic and foreign trade to allow companies to adapt to market changes smoothly, as outlined in government measures from 2023 [4] - Financial reforms are being implemented to improve the financing environment for small and private enterprises, with significant loan disbursements reported [5] Group 3 - The experience of a Sichuan company illustrates the resilience of foreign trade enterprises in the face of external pressures, emphasizing the need for innovation and strategic adjustments [6][7] - Companies are encouraged to enhance their research and development efforts, leading to significant improvements in production efficiency and cost reduction [7]

Core Viewpoint - The article discusses the stable growth of China's economy in April, highlighting the resilience of external demand and the transition of new and old growth drivers, despite challenges such as declining real estate investment and low inflation pressures [6][21]. Supply Side: Stable Growth, Slowing Momentum - In April, the industrial added value of large-scale enterprises increased by 6.1% year-on-year, exceeding the market expectation of 5.2%, but down 1.6 percentage points from March [7] - The service production index grew by 6.0% year-on-year, slightly down from March [7] - High-tech industries maintained robust growth, with production increasing by 10.0%, while equipment manufacturing grew by 9.8% [7] Fixed Asset Investment: Slowing Growth, Real Estate Drag - Fixed asset investment grew by 4% year-to-date, slightly down from the previous value [10] - Infrastructure investment increased by 10.9%, while real estate investment saw a decline of 10.3%, worsening by 0.5 percentage points from the previous value [10][11] - Manufacturing investment growth slowed to 8.2%, influenced by tariff impacts and reduced willingness to invest among enterprises [16] Consumption: High Levels with Notable Highlights - Retail sales growth in April was 5.1%, slightly below the market expectation of 5.5% [19] - Significant growth was observed in categories such as communication equipment and home appliances, with increases of 20-30% [19] - The consumption of gold and jewelry surged by 25.3%, driven by high gold prices [19] Outlook: Consolidating Foundations, Maintaining Stability - The article anticipates that tariff negotiations will yield positive outcomes, improving the economic environment and supporting the goal of achieving a 5% growth rate [21] - The article suggests that while external demand remains stable, inflation may continue to be low, and the real estate market may remain weak [21]