Core Insights - Guangzhou's foreign trade import and export value reached 711.46 billion yuan in the first seven months of the year, marking a year-on-year increase of 14.5% [1] - Exports totaled 466.52 billion yuan, reflecting a growth of 23.2%, while imports were 244.94 billion yuan, with a modest increase of 1% [1] Export Performance - High-tech product exports amounted to 51.28 billion yuan, showing a year-on-year growth of 15.4% [1] - The "new three items" (electric passenger vehicles, lithium batteries, and solar cells) saw exports of 12.34 billion yuan, which is a significant increase of 38.3% [1] Trade with Key Regions - Trade with the European Union and ASEAN reached 124.85 billion yuan and 118.55 billion yuan respectively, with year-on-year growth rates of 28.5% and 33.8% [1] - Trade with countries involved in the Belt and Road Initiative totaled 329.89 billion yuan, reflecting a growth of 24.4% [1] - Trade with other BRICS member countries and partners reached 178.13 billion yuan, with a year-on-year increase of 23.6% [1] Role of Private Enterprises - Over 23,000 enterprises in Guangzhou engaged in import and export activities, representing a year-on-year increase of 10.5% [1] - Private enterprises accounted for more than 20,000 of these, making up 86.7% of the total [1] - The import and export value of private enterprises reached 427.66 billion yuan, a growth of 25.6%, constituting 60.1% of Guangzhou's total foreign trade value [1]