Core Viewpoint - The article emphasizes the importance of trade cooperation and the detrimental effects of protectionism on global economic collaboration, asserting that mutual benefits and open cooperation are essential for economic prosperity [1][2][5]. Trade Dynamics - The article critiques the prevailing notion in the U.S. that trade deficits equate to losses, arguing that imports enhance national welfare and that halting imports would lead to higher costs for consumers [2][3]. - It highlights that the U.S. trade deficit is primarily driven by its domestic economic model characterized by low savings, high consumption, and high debt, necessitating imports to fill the investment gap [3]. China’s Trade Strategy - China is expanding its diverse and balanced trade partnerships, with significant growth in trade with the EU and ASEAN, indicating a shift towards a more resilient trade structure [4]. - The article notes that China's trade with ASEAN reached 1.71 trillion yuan, a 7.1% increase, and trade with Belt and Road Initiative countries grew by 2.2% [4]. Economic Integration - The integration of domestic and international trade is advancing, with 87,000 industrial enterprises achieving integrated operations, reflecting a 6.3% growth [4]. - The article mentions that over 2,200 enterprises are leading in this integrated approach, enhancing the synergy between international and domestic markets [4]. Future Outlook - The article concludes that China's ongoing participation in global technological revolutions and industrial transformations will bolster its economic development, countering narratives of economic collapse [5].