Core Insights - China's foreign trade faced challenges but managed to achieve a 4.0% year-on-year growth in the first three quarters, with total imports and exports reaching 33.61 trillion yuan [1] - Ten cities contributed to 49% of the national foreign trade, with Shenzhen and Shanghai leading the way [1] - The growth rates of the top ten cities varied significantly, with Jinhua showing remarkable growth while Beijing and Qingdao experienced declines [1] Trade Performance - Shenzhen maintained its position as the top city for foreign trade with a total of 3.36 trillion yuan, but its growth rate slowed to 0.1% year-on-year, making it the only city among the top ten to experience a decline in exports [3][6] - Shanghai's foreign trade grew by 5.4%, with exports increasing by 11.3% to 1.48 trillion yuan [3] - Jinhua emerged as a strong performer with a 20.7% increase in foreign trade, reaching 790.66 billion yuan, and its exports grew by 21.1% [8][10] City Comparisons - Guangzhou's exports reached 612.14 billion yuan, growing by 21.2%, driven largely by the booming cross-border e-commerce sector [10] - Beijing and Qingdao, the only two northern cities in the top ten, saw declines in foreign trade, with Beijing's total at 2.40541 trillion yuan (down 10.7%) and Qingdao at 676.28 billion yuan (down 0.9%) [14][13] External Factors - The high foreign trade dependence of Shenzhen, exceeding 120%, makes it more vulnerable to global economic fluctuations [5] - Shenzhen's trade with the US accounted for 10.3% of its total trade, with exports to the US at 422.32 billion yuan [6] - Jinhua's diverse export markets helped mitigate the impacts of the US-China trade tensions, with significant growth in exports to Africa and ASEAN [8]

关注科技进步，观察人类生活。 来 源丨商隐社（ID：shangyinshecj） 作者丨浩然 图源丨midjourney 过去一周不断见证历史。 从北京时间4月3日开始，特朗普宣布了前所未有的、连无人的企鹅岛都未能幸免的所谓"对等关税"，随 后全球股市犹如从10楼跳下来，蒸发掉近10万亿美元市值。 上次股市出现这样的暴跌还是全球遭遇新冠时期，但特朗普似乎显得非常淡定和强硬，表示不会暂停关 税政策，同时他也表示，许多经济体的领导人正寻求与其谈判。 以下文章来源于商隐社 ，作者浩然 商隐社 . 性情多变的"超级大国"一号位让本就疲弱的全球经济和紧张的国际贸易变得更加扑朔迷离。 前几天英国首相斯塔默表示，世界已经改变，全球化时代已经结束，"我们所知道的世界已经不复存 在"。 国家间的经贸往来不会终结，但像过去那样大家能暂时搁置文化、制度、信仰的差异，专注于合作与赚 钱，跨越五大洲的全球自由贸易是真的结束了。 很多人纷纷猜测，这又是他惯用的"交易的艺术"——提出一个远高于预期的条件让对手无从下手并大肆 宣传，然后通过反复无常的变化给对手施加压力，最后给出次优条件让对手急于接受了事，从而达到最 初想要的结果。 想要的结 ...