Core Insights - China's foreign trade has shown resilience and growth despite challenging external conditions, with total import and export volume reaching 20 trillion yuan, a historical high for the same period, and a year-on-year growth rate of 2.9% in the first half of the year [1] Group 1: Industry Performance - The export of electromechanical products increased by 9.5%, accounting for 60% of total exports, indicating a rise in the "gold content" of Chinese manufacturing [2] - High-end equipment related to new productive forces saw growth exceeding 20%, while "new three types" products representing green and low-carbon initiatives grew by 12.7% [2][3] - The aviation maintenance sector has benefited from streamlined customs processes, reducing aircraft downtime by 1 to 2 days and cutting customs clearance time by over 25% [4] Group 2: Policy Support - Major e-commerce platforms and retail enterprises have established "direct sales channels" to assist export-oriented companies facing obstacles [5] - The introduction of the "Yipay" platform has improved payment processing for exporters, enhancing trust and facilitating quicker transactions [7] - The government has implemented various measures to promote trade liberalization and reduce logistics costs, including replicating successful pilot measures from the Shanghai Free Trade Zone [8] Group 3: Market Diversification - Companies are increasingly participating in international exhibitions to secure overseas orders, reflecting a shift towards proactive market expansion strategies [7] - The integration of digital trade innovations and regional economic cooperation is helping to build a more resilient global supply chain network [7] - The confidence of export and import enterprises has been rising for two consecutive months, indicating a positive outlook for trade development [6]

Core Viewpoint - The press conference highlighted the achievements and progress of the China (Shanghai) Free Trade Pilot Zone in aligning with international high-standard economic and trade rules, emphasizing the implementation of 80 pilot measures to enhance trade and investment facilitation, digital trade innovation, and institutional reforms [1][3]. Group 1: Trade and Investment Facilitation - Trade and investment facilitation has been further enhanced, with a focus on shipping convenience, resulting in a 50% reduction in overall operation time for goods transiting through Yangshan Port, increasing the international transshipment cargo proportion from 12.6% to 18.6%, and achieving the top ranking in global container port performance [3]. - A total of 179,000 free trade accounts have been opened, and 169 multinational corporate cross-border cash pools have been established to better meet the needs of enterprises for centralized cross-border fund operations [3]. - Customs clearance has been improved with a simplified labeling policy for alcoholic beverages, effectively reducing costs for enterprises [4]. Group 2: Digital Trade Innovation - Digital trade innovation has accelerated, with upgrades to the international trade "single window" data exchange system and the completion of a pilot program with Singapore for "one-time declaration, bilateral customs clearance," enabling intelligent conversion and sharing of enterprise declaration data [4]. - A cross-border electronic invoice interoperability platform has been developed, with successful verification tests between enterprises in Shanghai, Singapore, and Japan [4]. - A negative list for cross-border data flow management has been established in key sectors such as finance, trade, and shipping, along with the creation of a cross-border data service center in the Shanghai Free Trade Zone to provide one-stop services [4]. Group 3: Institutional Reforms - Institutional reforms have deepened, focusing on government procurement reform, with over 2,200 procurement projects adopting new rules and more than 1,000 projects publishing bilingual announcements [4]. - Labor rights protection has been enhanced through the establishment of a team of certified labor legal supervisors and a one-stop labor and personnel service platform [4]. Group 4: Open Policy Benefits - The benefits of institutional opening have been further released, with the establishment of an international reinsurance trading center attracting 26 domestic and foreign insurance companies, leading to a breakthrough in reinsurance underwriting capacity and a registered premium outflow exceeding 130 billion yuan [5]. - The local regulation "Shanghai Municipal Regulations on Promoting Bonded Maintenance in Pudong New Area" has been introduced to foster innovation and growth in the bonded maintenance sector, with the bonded maintenance import and export scale in Shanghai exceeding 120 billion yuan in 2024, marking a year-on-year increase of 73.9% [6].