Core Viewpoint - The Chinese Ministry of Commerce emphasizes the resilience and vitality of China's foreign trade amidst rising protectionism and unilateralism, highlighting the importance of strong leadership and cooperation among various sectors [1]. Group 1: Trade Performance - In the first eight months of the year, China's total import and export volume reached 29.6 trillion yuan, reflecting a year-on-year growth of 3.5%, with exports maintaining positive growth for six consecutive months [2]. - The structure of foreign trade continues to optimize, with mechanical and electrical products accounting for over 60% of total exports, and high-tech products like integrated circuits and industrial robots showing significant growth [2]. - Private enterprises' import and export volume increased by 7.4%, representing 57.1% of the overall trade, indicating strong adaptability and innovation capabilities [2]. Group 2: Trade Diversification - In the first eight months, trade with Belt and Road Initiative countries grew by 5.4%, accounting for 51.7% of total trade, while trade with ASEAN, Africa, and Latin America increased by 9.7%, 16.6%, and 2.3% respectively [3]. - China has signed 23 free trade agreements with 30 countries and regions, significantly reducing trade costs among partners and enhancing cooperation [3]. - The country is expanding unilateral openness by implementing 100% zero-tariff measures on 53 African countries, allowing more trade partners to benefit from China's large market opportunities [3]. Group 3: Canton Fair Highlights - The current Canton Fair features over 10,000 high-quality enterprises recognized for innovation, setting a historical record [4]. - The fair showcases over 1 million new products developed in the past year, with nearly 110 million products having independent intellectual property rights [4]. - The fair promotes smart development with 175 product zones, including 18 dedicated to smart products, and introduces a new smart medical area featuring innovative medical technologies [4]. - Emphasizing green development, the fair includes 305 new energy exhibitors, a 3% increase from the previous session, with 38.4% of participating companies adopting green production technologies [4].

Core Insights - China's foreign trade has shown a steady growth of 3.5% in the first seven months of the year, despite increasing risks and challenges in international economic and trade development [1][4][6] Group 1: Trade Performance - In the first seven months, imports and exports to emerging and other markets increased by 5%, accounting for 65.5% of total trade [4] - Exports of mechanical and electrical products grew by 9.3%, making up 60% of total exports, which is an increase of 1.1 percentage points year-on-year [4] - Notable growth in exports was observed in high-tech and high-value-added products such as smart home devices, electric vehicles, industrial robots, and ships [4] Group 2: Policy Support - Since the fourth quarter of last year, the Ministry of Commerce has been working with relevant departments to strengthen policy support for foreign trade enterprises, focusing on stabilizing orders and employment [4] - The commitment to expand high-level opening-up remains strong, with confidence in continuing to promote stable and quality improvements in foreign trade [6]