Group 1 - Zhejiang's total import and export value reached 4.17 trillion yuan in the first three quarters, a year-on-year increase of 6.2%, with exports at 3.16 trillion yuan and imports at 1.01 trillion yuan, marking historical highs for the same period [1] - The number of foreign trade enterprises in Zhejiang exceeded 120,000, with private enterprises accounting for 111,200, contributing 82% to the province's import and export value and driving a 6.3 percentage point increase in growth [1] - Exports to the EU reached 559.8 billion yuan, growing by 10.4%, while ASEAN became the second-largest export market for Zhejiang, with a year-on-year growth of 16.8% [1] Group 2 - The "new three items" (electric vehicles, lithium batteries, and solar cells) contributed significantly to export growth, with a total export value of 96.38 billion yuan, increasing by 19.7% and accounting for 6.6% of the province's foreign trade export increment [2] - Exports of electric vehicles and lithium batteries grew by over 80% and 30% respectively, together contributing 0.7 percentage points to overall export growth [2] - Mechanical and electrical products and labor-intensive products saw export increases of 9.8% and 4.8%, representing 46.8% and 29.6% of Zhejiang's total exports [2]

Economic Performance - In the first half of the year, China's GDP reached 66.05 trillion yuan, growing by 5.3% year-on-year, exceeding expectations and laying a solid foundation for achieving the annual target of around 5% [1][2] - The growth was primarily supported by a rebound in consumption and exports, despite a slowdown in investment, particularly in real estate [1][2] Policy Implications - The macroeconomic policy in the second half of the year needs to focus on enhancing effectiveness, particularly in fiscal support and consumption policies to stimulate demand [5][6] - The implementation of "anti-involution" policies and the resumption of state subsidies are expected to further support domestic consumption and investment [5][6] Export and Import Trends - In the first half of the year, exports increased by 7.2% while imports decreased by 2.7%, with strong performance in machinery, high-end equipment, and new energy products [7][8] - The export structure is shifting towards high-tech and high-value-added products, reflecting improvements in China's manufacturing capabilities [7][8] Future Outlook - The economic growth rate is expected to face downward pressure in the third and fourth quarters, but achieving the annual target remains relatively controllable due to a strong start [3][4] - The export growth is anticipated to maintain a moderate pace, with emerging markets continuing to drive trade growth [9]