Core Viewpoint - Jiangsu's foreign trade exports reached 904.99 billion yuan in the first quarter, showing a year-on-year growth of 9.6%, reflecting the province's resilience amid complex international trade conditions [1] Group 1: Trade Performance - Jiangsu's foreign trade growth of 9.6% in the first quarter is notable against the backdrop of rising trade protectionism and de-globalization [1] - The province's performance is indicative of China's foreign trade transformation and upgrading, supported by policy tools and enterprise innovation [1] Group 2: Policy Support - In 2024, China has optimized foreign trade foreign exchange processes and introduced six policy measures to facilitate trade, including simplifying customs procedures for special regulatory areas [2] - Jiangsu's imports and exports to ASEAN increased by 22.3% year-on-year, driven by the benefits of free trade agreements [2] Group 3: Innovation and Competitiveness - Jiangsu enterprises have demonstrated remarkable innovation capabilities, with examples such as Moteng Sports capturing niche markets and Changzhou Guangyang Motor enhancing electric vehicles with smart systems [3] - Traditional industries are adapting by shortening delivery cycles to under one week, exemplifying a shift from price competition to value-driven strategies [3] Group 4: Dual Circulation Strategy - The implementation of the dual circulation strategy is evident in practices like the mixed loading of domestic and foreign trade containers, which has reduced logistics costs by over 10% [4] - Innovations such as the "same package, same vehicle" model by Jinling Customs have further lowered transaction costs, enhancing the resilience of the supply chain [4]

Group 1 - The risk of a significant slowdown or recession in the U.S. economy has increased due to the imposition of tariffs, with experts and institutions expressing concerns [1] - The University of Michigan reported that U.S. consumer inflation expectations for the next year rose to 6.7%, up from 5% in March [1] - Ray Dalio, founder of Bridgewater Associates, indicated that the U.S. economy is very close to recession, and if issues are not addressed, the situation could worsen due to high government debt and tariffs [1] Group 2 - The U.S. stock market experienced a notable decline, with the Dow Jones Industrial Average falling by 2.48%, the S&P 500 by 2.36%, and the Nasdaq Composite by 2.55% on April 21 [1] - The U.S. dollar index dropped by 1.10%, closing at 98.278, marking the first time in three years it fell below the 99 threshold [1] - The toy industry is one of the hardest-hit sectors by the tariff policies, with U.S. toy store owners and company leaders reporting significant burdens due to increased costs [1] Group 3 - In 2024, the U.S. imported toys worth over $17 billion, with more than $13 billion coming from China [2] - The wedding industry in the U.S. is also affected, as many imported items such as wedding dresses, candles, and invitations primarily come from China, while alcohol is sourced from Europe and 80% of flowers are imported [2] - Industry professionals in the wedding sector are expressing concerns that increased tariffs are leading to higher costs for both businesses and consumers [2]