Core Insights - China's foreign trade showed resilience and structural optimization in the first three quarters of the year, with total imports and exports reaching 33.61 trillion yuan, a year-on-year increase of 4% [1] - Exports amounted to 19.95 trillion yuan, up 7.1%, while imports were 13.66 trillion yuan, down 0.2% [1] - The trade environment remains complex and uncertain, necessitating continued efforts to stabilize foreign trade in the fourth quarter [1] Trade Growth Trends - The growth rate of imports and exports accelerated each quarter, with year-on-year growth of 1.3%, 4.5%, and 6% in the first, second, and third quarters respectively [1] - Exports and imports have shown continuous growth for four consecutive months [1] - Major provinces such as Guangdong, Jiangsu, Zhejiang, Shanghai, and Shandong contributed over 80% to the national trade growth, with a combined year-on-year increase of 5.2% [1] Export Confidence and Market Expansion - Export and import enterprise confidence indices have been rising, with the export index increasing for five consecutive months and the import index for three months [2] - China has expanded its trade partnerships, being among the top three trade partners for 166 countries and regions in the first seven months of the year, an increase of 14 compared to the previous year [2] Export Product Structure - The structure of export products has been optimized, with high-tech product exports reaching 3.75 trillion yuan, a year-on-year increase of 11.9%, contributing over 30% to overall export growth [2] - Mechanical and electrical products accounted for 60.5% of total exports, with a year-on-year growth of 9.6% [2] - Significant growth was observed in exports of electronic information, high-end equipment, and instruments, with increases of 8.1%, 22.4%, and 15.2% respectively [2] Innovative Export Products - The export of industrial robots surged by 54.9%, while wind power equipment exports grew by 23.9% [3] - Traditional cultural products like dragon boats, wood carvings, and paper-cutting have gained popularity in international markets, reflecting a blend of heritage and contemporary trends [3] - Overall, foreign trade exports have effectively navigated various pressures, maintaining a growth rate exceeding 7% in the first three quarters [3]

Core Viewpoint - Despite a complex international environment, China's foreign trade demonstrates strong resilience, with a notable increase in both exports and imports in the first half of 2025, reflecting a year-on-year growth of 2.9% in total trade volume [1][3]. Trade Performance - In the first half of 2025, China's total goods trade reached 21.79 trillion yuan, with exports growing by 7.2% and imports by 2.3% [1]. - The trade volume has remained above 10 trillion yuan for nine consecutive quarters, with an increase of over 600 billion yuan compared to the same period last year [3]. - In June 2025, the total trade volume was 3.85 trillion yuan, marking a 5.2% increase year-on-year, with exports at 2.34 trillion yuan and imports at 1.51 trillion yuan [3]. Market Diversification - China has expanded its trade relationships, achieving growth in exports and imports with over 190 countries and regions, including a significant increase in trade with emerging markets such as Africa and Central Asia [3][4]. - Trade with Africa reached 1.18 trillion yuan, growing by 14.4%, while trade with Central Asia increased by 13.8% to 357.2 billion yuan [3]. U.S.-China Trade Dynamics - U.S.-China trade saw a decline in the second quarter of 2025, with a year-on-year drop of 20.8%, but there are signs of recovery following recent trade talks [4][5]. - In the first half of 2025, trade with the U.S. decreased by 9.3%, with exports down by 9.9% and imports down by 7.7% [5]. High-Tech and E-commerce Growth - High-tech product exports grew by 9.2%, with significant increases in sectors such as industrial robots and renewable energy equipment [7]. - Cross-border e-commerce imports and exports reached approximately 1.32 trillion yuan, reflecting a year-on-year growth of 5.7% [9]. Business Confidence and Foreign Investment - Confidence among export and import enterprises has been rising, with the number of exporting companies increasing steadily over the years [11]. - In the first half of 2025, foreign-invested enterprises' trade volume reached 6.32 trillion yuan, marking a 2.4% increase [12]. - The number of foreign-invested enterprises with trade performance reached 75,000, the highest since 2021, indicating a strong interest in the Chinese market [13].