常州海关货物查验科科长王伟带记者走到码头引桥上，不远处，长达数百米的传送带横跨水面。"这批 来自澳大利亚的铁矿砂通过皮带机直接运输到气膜大棚，从船到库整个流程全封闭，实现运砂不见 砂。" 去年常州铁矿砂进口量同比增长达20%，释放出积极信号：国内制造业需求旺盛，常州港吞吐量持续攀 升。 □ 本报记者 张宇熠 部分铁矿砂从常州港中转，运往湖南、安徽等地钢厂。通关效率高、综合成本低，让码头岸线不到10公 里的常州港成为长三角港口群中的重要中转站。"常州港处于上海港与南京港（002040）辐射圈的枢纽 节点，又与内河航道网紧密相连，可畅达八方。"王伟说。 春节假期，常州港录安洲码头4号泊位依旧繁忙。2月21日，一艘20万吨级船舶正在进行卸货作业。然 而，现场只见船不见货，记者不禁好奇：货去哪了？ 工业原料源源不断运进来，"常州制造"整装待发运出去。爱德拉智能科技（常州）有限公司的38辆摩托 车发往英国，雅柯斯电力科技（中国）有限公司的10台发电机组发往土耳其……在常州海关H986（海 关大型集装箱检查系统）设备室，王伟指着系统显示屏一边演示一边介绍："借助H986，集装箱查验时 间缩短至5分钟内，大幅提升进出口货物 ...

"今天进港的3艘船，最大的满载96标箱。"现场指挥作业的港口调度主管任方志说，尽管是春节假期，但港口 作业部门24小时在岗，让"到港即作业、装卸不过日"的高效运营模式始终在线。 马年新春，年味正浓。2月19日，农历正月初三的信阳港·淮滨中心港集装箱码头上已是一片繁忙。上午9时， 随着一声悠长的汽笛划破长空，3艘满载铁矿砂集装箱的货船缓缓进港，靠泊在集装箱码头。岸桥司机稳稳操 作手柄，巨大的集装箱吊具精准落下，抓取、起吊、移位，首个集装箱在不到3分钟内就完成卸船，直接装上 在此等候的开往安钢集团信阳钢铁有限责任公司的新能源货车，整个过程一气呵成。 这样的高效作业场景，是淮滨中心港的常态。淮滨中心港自2022年1月开航至今，已开通直达蚌埠、淮安、嘉 兴乍浦和武汉阳逻等10条集装箱航线，年吞吐量接连跃升1万、3万、5万标箱三个台阶。今年新年伊始，这里 捷报频传：1月份，港口集装箱吞吐量达8740标箱，连续2个月刷新历史纪录，创开港以来单月历史新高。 任方志说："内河航运为中原腹地拓宽了出海大通道，大宗货物通过水路运输可降低运输成本约60%，帮助企 业大幅提升产品竞争力。"而在正月初三这一天，港口全天预计完成作业量将 ...

Core Insights - The total import and export value of Hebei Province to countries involved in the Belt and Road Initiative is projected to reach 440.53 billion yuan by 2025, reflecting a year-on-year growth of 22.9% [1] - The share of trade with Belt and Road countries in the province's total foreign trade value has increased by 6.8 percentage points compared to the previous year [1] Group 1: Trade Performance - Exports to Belt and Road countries are expected to be 243.87 billion yuan in 2025, marking a year-on-year increase of 10.1% [2] - Imports from these countries are projected to reach 196.66 billion yuan, showing a significant year-on-year growth of 43.8% [2] - Trade with Middle Eastern countries is anticipated to reach 96.56 billion yuan, with a remarkable year-on-year increase of 71.9% [2] - Trade with African countries is expected to total 64.2 billion yuan, reflecting a year-on-year growth of 51.7% [2] Group 2: Industry Cooperation - The manufacturing sector is a key area of cooperation, with exports of electromechanical products, pharmaceuticals, and other industrial goods leading the way [2] - Exports of electromechanical products are projected to be 111.41 billion yuan, with a year-on-year growth of 6.6% [2] - The demand for bulk commodities such as energy and metal ores is driving imports, with iron ore and aluminum ore imports expected to reach 24.42 billion yuan and 10.04 billion yuan, respectively, reflecting year-on-year increases of 7.9% and 41.9% [2] Group 3: Agricultural Products - The import of agricultural products from Belt and Road countries is expected to reach 32.51 billion yuan [3] - Notable increases in imports include frozen shrimp from Myanmar and Ecuador, with year-on-year growth rates of 634.6% and 11.6%, respectively [3] - The import of sunflower oil from Kazakhstan is projected to grow by 50.8%, while cherries from Chile are expected to see a year-on-year increase of 21.2% [3] - Exports of agricultural products such as potato starch, apples, and fresh pears are also gaining popularity, with year-on-year growth rates of 535.1%, 43.2%, and 12.9%, respectively [3]

Core Insights - In 2025, Linyi's total foreign trade import and export value is projected to reach 177.58 billion RMB, ranking 7th in the province with a year-on-year growth of 4.9%, which is 0.4 percentage points higher than the provincial average [1] - The export value is expected to be 161.41 billion RMB, placing Linyi 5th in the province with a growth rate of 5.2%, while imports are anticipated to be 16.17 billion RMB, resulting in a trade surplus of 145.24 billion RMB [1] Group 1: Trade Dynamics - New trade formats such as market procurement and cross-border e-commerce have become the core drivers of Linyi's foreign trade growth, with cumulative export values reaching 91.43 billion RMB, accounting for half of the city's total export value [1] - The Linyi Comprehensive Bonded Zone has seen imports and exports of 17.08 billion RMB, growing by 8.4%, providing strong support for foreign trade development [1] Group 2: Business Activity - The number of enterprises engaged in import and export activities in Linyi reached 5,881, an increase of 780 from the previous year, with private enterprises being the main contributors, totaling 5,720 and accounting for 94.6% of the city's foreign trade value [1] Group 3: Trade Partnerships - Linyi's trade partnerships have expanded to 220 countries and regions, with ASEAN remaining the largest trading partner, accounting for 41.03 billion RMB in trade [2] - Significant growth has been observed in trade with emerging markets, particularly with Africa, where trade increased by 82.1% to 23.47 billion RMB, and with Central Asia, which saw a growth of 40.1% [2] Group 4: Product Structure - Traditional advantageous products such as plastic products, auto parts, and ceramics have shown steady growth, with ceramic product exports increasing by 21.8% [2] - High-value-added electromechanical products are expected to reach an export value of 53.58 billion RMB, growing by 8.7%, while new products like electric passenger vehicles, lithium batteries, and solar batteries have surpassed 300 million RMB in exports, marking a new growth point [2] - Metal ores, particularly iron ore, have become the main imported goods, with imports reaching 5.98 billion RMB, a significant increase of 75.9% [2]

Core Insights - Fujian Province's foreign trade import and export value is projected to reach 1.88 trillion RMB in 2025, with exports at 1.16 trillion RMB and imports at 727.34 billion RMB [1] Group 1: Trade Composition - General trade is expected to account for 77.1% of Fujian's total foreign trade, with a projected value of 1.45 trillion RMB in 2025 [1] - Processing trade is anticipated to reach 228.89 billion RMB, showing an 8.9% year-on-year growth, representing 12.2% of the total [1] - Exports from processing trade are projected at 153.77 billion RMB, growing by 7.6%, while imports are expected to be 75.12 billion RMB, increasing by 11.7% [1] Group 2: Role of Enterprises - Private enterprises are expected to play a crucial role, with imports and exports reaching 1.16 trillion RMB, accounting for 61.8% of the total, an increase of 1.8 percentage points from 2024 [1] - Foreign-invested enterprises are projected to have imports and exports of 409.08 billion RMB, making up 21.7% of the total [1] - State-owned enterprises are expected to account for 16.5% of the total, with imports and exports valued at 309.83 billion RMB [1] Group 3: Product Categories - Mechanical and electrical products are projected to reach 670.7 billion RMB in imports and exports, marking a 2.5% growth [1] - Exports of mechanical and electrical products are expected to be 545.59 billion RMB, growing by 2.2%, while imports are projected at 125.11 billion RMB, increasing by 3.9% [1] Group 4: Import Drivers - Metal ore is identified as the largest driver of imports, with a projected value of 171.7 billion RMB, growing by 3.2%, accounting for 23.6% of total imports [2] - Iron ore imports are expected to reach 81.11 billion RMB, with a growth rate of 0.2% [2]

Core Viewpoint - The article discusses the potential for the appreciation of the Renminbi (RMB) in 2024, emphasizing that while there is a long-term potential for appreciation based on purchasing power parity, the reliance on exports will likely limit the extent of this appreciation in the short term [1]. Economic Dependence on Exports - China's economy is highly dependent on exports, with the net export contribution to economic growth projected at 30.3% in 2024, an increase from 2023 [1]. - The trade surplus for goods in the first eleven months of 2025 is expected to exceed $1 trillion, although the current account surplus will be smaller due to a long-term service trade deficit [1]. Impact of Trade Surplus on Currency - A significant trade surplus does not necessarily lead to a direct increase in RMB value, as part of the surplus may remain in foreign currency accounts or be used for debt repayment and investments [3]. - The narrowing interest rate differential between China and the U.S. is a more direct factor influencing the exchange rate [3]. Export Structure and Currency Appreciation - The export structure shows that labor-intensive products, which account for about 15.1% of total exports, are vulnerable to RMB appreciation due to their reliance on price competitiveness [3]. - In contrast, high-tech products like integrated circuits and automobiles, which make up 60.9% of exports, are less affected by currency fluctuations and may benefit from lower import costs for core components [5]. Resilience of Exports - The resilience of China's exports is supported by a complete industrial cluster, a skilled workforce, and rapid product innovation capabilities, marking a transition from being the "world's factory" to a regional innovation center [6]. Commodity Pricing and Import Costs - Major commodities are priced in U.S. dollars, and RMB appreciation could help control import prices, which would otherwise increase costs for intermediate and consumer goods [8]. - The cancellation of export tax rebates is suggested as a means to support domestic populations affected by foreign trade dynamics, allowing for higher export prices and potentially benefiting domestic welfare [8]. Overall Assessment of RMB Appreciation - The article concludes that RMB appreciation is more beneficial than detrimental, with the negative impact on exports being overstated, suggesting that the government is unlikely to excessively intervene in the appreciation process [8].

Core Insights - Fujian Province's total import and export value reached 870 billion yuan in the first eight months of the year, marking a 0.6% increase compared to the same period last year, reversing a 1.5% decline observed in the first seven months [1] Group 1: Trade Performance - In August, Fujian Province achieved a total import and export value of 129.1 billion yuan, a year-on-year increase of 14.6%, with exports at 78.57 billion yuan (up 13.9%) and imports at 50.53 billion yuan (up 15.9%) [1] - General trade saw an increase in import and export growth, with a total of 650.03 billion yuan in the first eight months, a 2.3% year-on-year growth, accounting for 74.7% of the total trade value [1] Group 2: Trade Entities - State-owned enterprises maintained high growth, with import and export values of 195.13 billion yuan (up 30.3%), representing 22.4% of the total trade value, an increase of 5.1 percentage points from last year [2] - Private enterprises and foreign-invested enterprises experienced a narrowing of declines, with import and export values of 425.76 billion yuan (down 0.8%) and 247.06 billion yuan (down 12.5%), respectively [2] Group 3: Trade Partners - ASEAN, the United States, and the European Union were the top three trading partners, with trade values of 171.71 billion yuan (up 9.1%), 111.23 billion yuan (down 6.6%), and 100.77 billion yuan (down 7%), respectively [2] Group 4: Export and Import Products - Major export categories saw a reduction in decline, with electromechanical products at 193.34 billion yuan (down 1.1%), labor-intensive products at 188.15 billion yuan (down 8.8%), and agricultural products at 39.9 billion yuan (down 0.3%) [3] - Significant increases were noted in imports of iron ore (7.6249 million tons, up 84.4%), coal (3.8881 million tons, up 15.5%), and primary forms of plastics (199.5 thousand tons, up 30.1%) [3]

Trade Overview - In the first eleven months of 2025, China's total goods trade value reached 41.21 trillion yuan, an increase of 3.6% year-on-year. Exports amounted to 24.46 trillion yuan, growing by 6.2%, while imports were 16.75 trillion yuan, with a slight increase of 0.2% [1] - In November alone, the total goods trade value was 3.9 trillion yuan, reflecting a growth of 4.1%. Exports were 2.35 trillion yuan, up by 5.7%, and imports were 1.55 trillion yuan, increasing by 1.7% [1] Trade Partners - ASEAN emerged as China's largest trading partner, with a total trade value of 6.82 trillion yuan, growing by 8.5%, accounting for 16.6% of China's total foreign trade. The EU followed as the second-largest partner with a trade value of 5.37 trillion yuan, up by 5.4%, representing 13% of the total. The US ranked third, with a trade value of 3.69 trillion yuan, down by 16.9%, making up 8.9% of the total [2] - Trade with countries involved in the Belt and Road Initiative totaled 21.33 trillion yuan, marking a growth of 6% [2] Trade by Enterprise Type - Private enterprises accounted for 23.52 trillion yuan in imports and exports, growing by 7.1% and representing 57.1% of China's total foreign trade, an increase of 1.8 percentage points from the previous year. Foreign-invested enterprises had a trade value of 12.07 trillion yuan, up by 3.5%, making up 29.3% of the total. State-owned enterprises saw a decline, with a trade value of 5.53 trillion yuan, down by 8.6%, representing 13.4% of the total [2] Product Structure - The structure of China's foreign trade products is continuously optimizing, with electromechanical products accounting for over 60% of exports. In the first eleven months, exports of electromechanical products reached 14.89 trillion yuan, growing by 8.8%, which constituted 60.9% of total exports. Notably, integrated circuits saw a significant increase of 25.6%, reaching 1.29 trillion yuan, while automobile exports grew by 17.6% to 896.91 billion yuan [3] - On the import side, iron ore imports totaled 1.139 billion tons, increasing by 1.4%, while crude oil imports reached 522 million tons, up by 3.2%. However, coal imports decreased by 12% to 432 million tons [3] Import Policies - China is actively expanding imports as the world's second-largest market, sharing development opportunities with countries globally. Since December 1 of the previous year, China has granted zero-tariff treatment on 100% of products from all least developed countries with which it has diplomatic relations, resulting in an increase of over 55 billion yuan in imports from these countries over the past year [4]

Group 1 - The total value of China's goods trade for the first 11 months of the year reached 41.21 trillion yuan, representing a year-on-year increase of 3.6% [1] - Exports amounted to 24.46 trillion yuan, with a year-on-year growth of 6.2%, while imports were 16.75 trillion yuan, showing a slight increase of 0.2% [1] - In November alone, the total trade value was 3.9 trillion yuan, reflecting a year-on-year growth of 4.1%, with exports at 2.35 trillion yuan (up 5.7%) and imports at 1.55 trillion yuan (up 1.7%) [1] Group 2 - Private enterprises accounted for a significant portion of foreign trade, with their import and export value reaching 23.52 trillion yuan, a year-on-year increase of 7.1% [2] - The exports from private enterprises were 15.98 trillion yuan, growing by 7.5%, while imports were 7.54 trillion yuan, increasing by 6.2% [2] - The number of private enterprises with import and export records increased by 66,000 year-on-year, indicating a robust growth in foreign trade activity [2]

Core Insights - In November, China's total import and export value reached 3.9 trillion yuan, with a year-on-year growth of 4.1% [1] - Exports amounted to 2.35 trillion yuan, increasing by 5.7% year-on-year, while imports were 1.55 trillion yuan, up by 1.7% [1] - For the first 11 months of the year, the total import and export value was 41.21 trillion yuan, reflecting a year-on-year growth of 3.6% [1] Trade Partners - ASEAN emerged as China's largest trading partner, with a total trade value of 6.82 trillion yuan, growing by 8.5% year-on-year [1] - The EU ranked as the second-largest trading partner, with a trade value of 5.37 trillion yuan, up by 5.4% [1] - The US was the third-largest trading partner, with a trade value of 3.69 trillion yuan, showing a decline of 16.9% year-on-year [1] Belt and Road Initiative - China's total import and export value with Belt and Road countries reached 21.33 trillion yuan, marking a year-on-year increase of 6% [1] Product Exports - In the first 11 months, China exported integrated circuits worth 1.29 trillion yuan, which is a significant year-on-year increase of 25.6% [1] - Automobile exports totaled 896.91 billion yuan, reflecting a year-on-year growth of 17.6% [1] Import Data - In the first 11 months, China imported 1.139 billion tons of iron ore, an increase of 1.4% year-on-year [2] - Crude oil imports reached 522 million tons, up by 3.2% year-on-year [2] - Soybean imports totaled 104 million tons, reflecting a year-on-year increase of 6.9% [2]