Core Viewpoint - The General Administration of Customs of China has highlighted significant achievements in international trade cooperation since the start of the 14th Five-Year Plan, emphasizing the importance of the Belt and Road Initiative in enhancing trade relationships with various countries and regions [1] Group 1: Trade Cooperation - Since the beginning of the 14th Five-Year Plan, China has signed 519 cooperation documents with foreign entities [1] - In 2024, China's import and export volume with Belt and Road countries is projected to reach 22 trillion yuan, accounting for over half of the country's total import and export volume [1] - Trade with emerging markets such as ASEAN, Latin America, Africa, and Central Asia has been growing at an annual rate of over 10% [1] Group 2: Global Trade Position - China has become one of the top three trading partners for 157 countries and regions globally [1] - The advantages of international cooperation and win-win strategies are becoming increasingly prominent [1]

Core Insights - The General Administration of Customs of China has signed 519 cooperation documents since the beginning of the 14th Five-Year Plan [1] - In 2024, China's import and export with Belt and Road Initiative countries is projected to reach 22 trillion yuan, accounting for over half of China's total import and export volume [1] - Trade with emerging markets such as ASEAN, Latin America, Africa, and Central Asia has been growing at an annual rate of over 10% [1] - China has become one of the top three trading partners for 157 countries and regions globally, highlighting the increasing advantages of international cooperation and win-win outcomes [1]

Core Viewpoint - The recent agreement between China and the U.S. to significantly reduce tariffs is expected to positively impact trade growth between the two countries and support global economic recovery [2]. Group 1: Economic Environment - The international environment remains complex and severe, with rising unilateralism and protectionism impacting global economic growth [2]. - Despite external pressures, China's economy maintains a long-term positive outlook, supported by coordinated macro policies and innovation [6]. Group 2: Trade Performance - In the first four months of the year, China's total goods import and export volume increased by 2.4%, with a notable acceleration in April, where the growth rate reached 5.6% [4]. - Exports in April alone grew by 9.3%, indicating strong performance despite external challenges [4]. Group 3: Trade Diversification - Although trade with the U.S. has declined, trade diversification efforts have led to increased imports and exports with ASEAN and Belt and Road countries, with ASEAN trade growing by 9.2% in the first four months [5]. - The ability of China's foreign trade to withstand external pressures reflects a solid industrial foundation and strong competitive advantages in the global supply chain [5]. Group 4: Policy Support - The government has enhanced support for foreign trade enterprises through policies such as export tax rebates and financial assistance, creating a favorable environment for trade development [5]. - The implementation of proactive macro policies has expanded market demand, boosted production, and supported innovation, contributing to a growing consumer base [6].

Core Viewpoint - The external environment has changed dramatically in April, yet China's foreign trade has maintained stable growth, demonstrating resilience and adaptability in the face of challenges [1] Group 1: Foreign Trade Performance - China's foreign trade has shown accelerated import and export growth with ASEAN and Belt and Road Initiative countries [1] - Private enterprises have experienced rapid growth in foreign trade imports and exports [1] - The export of electromechanical products has shown a strong upward trend [1] Group 2: Economic Resilience and Policy Support - China's ability to withstand external pressures and maintain growth reflects the completeness of its industrial system and the competitiveness of its manufacturing sector [1] - The rapid adjustment capability of foreign trade and the supportive policies for stabilizing foreign trade have been crucial [1] - The significant reduction of tariffs between China and the US is beneficial for trade growth between both countries and contributes to global economic recovery [1] Group 3: Future Outlook - Despite the complex and severe international environment that constrains global economic growth, the trend of international cooperation and win-win outcomes remains unchanged [1] - China is committed to expanding its openness and steadily advancing the diversification of foreign trade [1] - Continuous effective policies to promote foreign trade development will support ongoing growth in this sector [1]