Core Viewpoint - China's foreign trade has shown resilience and quality improvement in the first three quarters of the year, with a total import and export value of 33.61 trillion yuan, a year-on-year increase of 4% [1] Group 1: Confidence - The strong performance of China's foreign trade is attributed to a stable overall trade environment, maintaining a global trade share of 11.8% in the first seven months of the year [2] - The import and export growth rate has accelerated each quarter, with exports reaching 19.95 trillion yuan, a year-on-year growth of 7.1%, marking eight consecutive quarters of growth [2] - The contribution of major foreign trade provinces, including Guangdong, Jiangsu, Zhejiang, Shanghai, and Shandong, accounted for over 80% of the national import and export growth [2] Group 2: Vitality - The growth momentum is driven by the continuous development of new productive forces and the upgrading of key industries, with high-tech product exports increasing by 11.9% [3] - The export of industrial robots surged by 54.9%, and green products such as wind power equipment and electric locomotives also saw significant growth [3] - Cross-border e-commerce has emerged as a new driving force for foreign trade, with exports primarily in apparel, digital products, and home appliances [3][4] Group 3: Determination - The number of foreign trade entities with import and export performance reached 700,000, surpassing the total for the previous year [5] - China's foreign trade partnerships expanded, with the country being among the top three trading partners for 166 countries and regions [5] - Trade with Belt and Road Initiative countries reached 17.37 trillion yuan, a year-on-year increase of 6.2%, accounting for 51.7% of total trade [5] Group 4: Long-term Outlook - The foundation for China's economic stability remains strong, with significant market potential and a complete industrial system, which will support the stable development of foreign trade in the next phase [6]

Core Viewpoint - China's foreign trade has shown resilience and growth 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% [4][6]. Group 1: Trade Performance - In the first three quarters, exports amounted to 19.95 trillion yuan, growing by 7.1%, while imports were 13.66 trillion yuan, a slight decline of 0.2% [4][5]. - The trade growth rate has accelerated each quarter, with the third quarter showing a 6% increase, marking eight consecutive quarters of year-on-year growth [4][5]. - The trade with countries involved in the Belt and Road Initiative reached 17.37 trillion yuan, up 6.2%, accounting for 51.7% of total trade [4][5]. Group 2: Export Trends - Exports of mechanical and electrical products reached 12.07 trillion yuan, increasing by 9.6%, representing 60.5% of total exports [5]. - High-tech product exports, including electronic information and high-end equipment, grew significantly, with increases of 8.1%, 22.4%, and 15.2% respectively [5]. - The export of cultural and traditional products has gained popularity, with items like dragon boats and wood carvings seeing strong demand [11]. Group 3: Import Dynamics - Imports began to recover, with a 0.3% increase in the second quarter and a further acceleration to 4.7% in the third quarter [5]. - Key imports such as crude oil and metal ores saw year-on-year increases of 4.9% and 10.1% respectively [5]. - The number of foreign trade enterprises reached 700,000, with private enterprises accounting for 61.3% of total trade [5][6]. Group 4: Regional Trade Developments - The western region of China saw a robust trade performance, with imports and exports totaling 3.21 trillion yuan, a year-on-year increase of 10.2% [14][15]. - The development of infrastructure and trade channels, such as the Western Land-Sea New Corridor, has significantly boosted trade in the western region [14][15]. Group 5: APEC and Bilateral Trade - Trade with APEC economies grew by 2%, reaching 19.41 trillion yuan, which constitutes 57.8% of China's total trade [20]. - Trade with South Korea amounted to 1.74 trillion yuan, with exports growing by 0.6% and imports by 3.1% [20][21]. Group 6: Private Enterprises - Private enterprises contributed significantly to trade, with a total of 19.16 trillion yuan in imports and exports, marking a 7.8% increase [25][26]. - These enterprises have been proactive in exploring new markets, with notable growth in exports to emerging markets like ASEAN and Africa [26]. Group 7: Cross-Border E-commerce - Cross-border e-commerce exports reached approximately 1.63 trillion yuan, growing by 6.6% in the first three quarters [35][36]. - The government has implemented various measures to facilitate the growth of cross-border e-commerce, including streamlined customs processes [36][37]. Group 8: Processing Trade - Processing trade reached 6.18 trillion yuan, a year-on-year increase of 6.9%, accounting for 18.4% of total trade [56][57]. - The sector is increasingly moving towards high-value-added processes, with a notable rise in high-tech product exports [56][57]. Group 9: Trade with ASEAN - Trade with ASEAN reached 5.57 trillion yuan, growing by 9.6%, maintaining ASEAN's status as China's largest trading partner [62][63]. - The upcoming upgrade of the China-ASEAN Free Trade Area is expected to further enhance trade relations [63].

Core Viewpoint - China's foreign trade has shown resilience and structural optimization in the first three quarters of 2023, achieving a total import and export value of 33.61 trillion yuan, a year-on-year increase of 4% [3][4]. Group 1: Trade Performance - In the first three quarters, exports reached 19.95 trillion yuan, growing by 7.1%, while imports totaled 13.66 trillion yuan, a slight decline of 0.2% [3][4]. - In September alone, the total trade value was 4.04 trillion yuan, reflecting an 8% year-on-year growth [3]. - The number of foreign trade entities with import and export performance reached 700,000 for the first time, surpassing the total for the entire previous year [4][6]. Group 2: Export Growth and Trends - Exports have maintained a growth rate exceeding 7% for eight consecutive quarters, demonstrating strong momentum despite external pressures [8]. - The export of industrial robots surged by 54.9%, and wind power equipment exports increased by 23.9%, indicating a shift towards higher value-added products [5][6]. Group 3: Cross-Border E-commerce - Cross-border e-commerce imports and exports grew by 6.4% year-on-year, totaling approximately 2.06 trillion yuan, with exports at 1.63 trillion yuan and imports at 425.54 billion yuan [7]. - The main export products included clothing, jewelry, and digital products, while imports were primarily beauty products, food, and healthcare items [7]. Group 4: Future Outlook - The customs authority plans to enhance policy communication and training for businesses, aiming to improve the convenience and regulation of cross-border e-commerce [7]. - Despite global economic uncertainties, China's foreign trade is expected to continue adapting to international market demands, supported by domestic policies [8].

Core Insights - China's foreign trade has shown resilience and structural optimization, achieving a steady growth momentum despite a complex external environment [1][2][3] Trade Performance - In the first three quarters of this year, China's total goods trade reached 33.61 trillion yuan, a year-on-year increase of 4%, with exports at 19.95 trillion yuan (up 7.1%) and imports at 13.66 trillion yuan (down 0.2%) [1] - In September alone, the total goods trade was 4.04 trillion yuan, reflecting an 8% year-on-year growth [1] - The number of foreign trade entities with import and export performance reached 700,000 for the first time, surpassing last year's total [2][3] Export and Import Trends - Exports have maintained a growth rate exceeding 7% for eight consecutive quarters, with a notable increase in the export of industrial robots by 54.9% and wind power equipment by 23.9% [3][6] - Cross-border e-commerce imports and exports grew by 6.4% year-on-year, with exports at approximately 1.63 trillion yuan and imports at about 425.54 billion yuan [4][5] Market Confidence - The export confidence index has risen for five consecutive months, while the import confidence index has increased for three months, indicating a positive outlook among businesses [2][3] Regional Contributions - Major provinces such as Guangdong, Jiangsu, Zhejiang, Shanghai, and Shandong contributed over 80% to the national import and export growth, with a combined growth of 5.2% in the first three quarters [2][3] Future Outlook - Despite facing significant global economic risks and uncertainties in trade policies, China's foreign trade is expected to continue its stable growth, supported by domestic policies and the adaptability of foreign trade enterprises [6]

Core Viewpoint - China's goods trade has shown strong resilience and steady growth in the face of complex external environments, with exports and imports experiencing continuous year-on-year growth for four consecutive months as of September [1][2]. Group 1: Trade Performance - As of September, China's exports and imports have achieved a year-on-year double growth for four consecutive months [1]. - The five major provinces (Guangdong, Jiangsu, Zhejiang, Shanghai, and Shandong) contributed over 80% to the national import and export growth, with a combined growth of 5.2% in the first three quarters [1]. - In the first seven months of this year, China's trade accounted for 11.8% of the global total, maintaining its position as the world's largest goods trader [1]. Group 2: Growth Dynamics - The structure of China's export products is continuously optimizing and innovating, driven by the development of new productive forces and the upgrading of key industries [1]. - Exports of industrial robots surged by 54.9% in the first three quarters, while exports of wind power equipment increased by 23.9% [1]. - Traditional handicrafts such as dragon boats, wood carvings, and paper-cutting have been revitalized with contemporary elements, gaining popularity in international markets [1]. Group 3: Trade Resilience - The number of foreign trade entities with import and export performance reached 700,000 in the first three quarters, surpassing the total for the entire previous year [2]. - The export confidence index has risen for five consecutive months, while the import confidence index has increased for three months [2]. - China has expanded its trade partnerships, being among the top three trading partners for 166 countries and regions in the first seven months, an increase of 14 compared to the same period last year [2]. Group 4: Economic Outlook - Despite facing increased instability and uncertainty in the global economy, China's economic fundamentals remain strong, with significant market size and a complete industrial system supporting trade resilience and vitality [2].