Core Viewpoint - Despite the challenges posed by high tariffs and a complex international environment, China's foreign trade has achieved counter-cyclical growth, with companies adapting by exploring new markets and innovating products [1][21]. Group 1: Company Adaptation and Market Changes - A home appliance manufacturer in Ningbo has seen a significant increase in shipments to Southeast Asia and South America, compensating for a drop in exports to the U.S., which previously accounted for 20% of its export revenue [3][5]. - The company's export volume reached approximately 300 million yuan in the first half of the year, with a year-on-year growth of about 4%, despite a substantial decline in U.S. market exports [5][7]. - The company invested 100 million yuan in R&D last year, representing over 20% of its revenue, and aims to develop 30 to 40 new products annually to maintain its foreign trade market [7][14]. Group 2: Regional Export Performance - In Ningbo, private enterprises are the backbone of foreign trade, with over 24,000 companies having export records, contributing 403.62 billion yuan, or 82.3% of the city's total foreign trade exports in the first half of the year [9][14]. - Zhejiang's foreign trade import and export volume reached 2.73 trillion yuan in the first half of the year, a year-on-year increase of 6.6%, with exports surpassing 2 trillion yuan, growing by 9.1% [14]. Group 3: Industry Trends and Innovations - The logistics and freight forwarding sectors are experiencing increased business activity due to rising export volumes, with companies processing over 8,000 business documents daily, corresponding to 12,000 to 13,000 standard containers [11][12]. - The export of electromechanical products has been on the rise, with their share exceeding 50% of total exports, indicating a shift towards more complex and higher-value products [14]. Group 4: Strategic Shifts in Business Models - A toy company in Dongguan has shifted its focus from the U.S. market, which has decreased to 30% of its sales, to Japan, South Korea, and Europe, which now account for 40% of its orders [16][18]. - The company has also expanded its domestic sales from 10% to 30% of its total revenue, reflecting a strategic pivot towards building its own brands after years of being an OEM [18][19].