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" 3.5%" Demonstrates China's Foreign Trade Resilience And Vitality

" 3.5%" Demonstrates China's Foreign Trade Resilience And Vitality

" 3.5%" Demonstrates China's Foreign Trade Resilience And Vitality

Modern Express Network is a Jiangsu news portal created by Modern Express, a subsidiary of Phoenix Publishing Media Group. It is currently in thirteen cities including Nanjing, Suzhou, Wuxi, Changzhou, Yangzhou, Taizhou, etc., with its influence spreading across Jiangsu Province.

Recently, the General Administration of Customs announced that in the first eight months of this year, my country's goods trade continued to grow steadily, with a total import and export value of 29.57 trillion yuan, a year-on-year increase of 3.5%. Among them, imports and exports to countries jointly built the "Belt and Road" were 15.3 trillion yuan, an increase of 5.4%, accounting for 51.7% of my country's total import and export value.

Foreign trade is an important part of my country's open economy and a key hub for smoothing domestic and international dual circulation. The report of the 20th National Congress of the Communist Party of China emphasized, "Promote the optimization and upgrading of goods trade, innovate the development mechanism of service trade, develop digital trade, and accelerate the construction of a strong trade country." Since the beginning of this year, my country's foreign trade operation has been steadily improving, maintaining a good development trend. In the first eight months, the impressive data on my country's import and export of goods witnessed the confidence and resilience of China's economy to "stability" and "progress", and demonstrated the strong resilience and vitality of China's foreign trade.

Faced with the complex and severe external environment, China's foreign trade is able to move forward with the continuous efforts of the diversified support system. From the perspective of trading partners, in the first eight months, my country's imports and exports to major trading partners such as ASEAN, the EU, and Africa have all achieved growth; from the perspective of trade entities, private enterprises' imports and exports were 16.89 trillion yuan, an increase of 7.4%, accounting for 57.1% of the total import and export value; from the perspective of regional layout, imports and exports in the central and western regions have steadily increased, and inland cities accelerated their integration into the global trade network through channels such as the China-Europe Express. Diversified layout has effectively enhanced my country's foreign trade's risk resistance and provided important support for the stability of the global industrial chain.

Accurate policies to escort and activate a pool of spring water for foreign trade. Since the beginning of this year, from the construction of a "single window" shortening customs clearance time, to financial tools such as export credit insurance and trade financing to reduce corporate risks; from reducing taxes and fees, reducing logistics costs and reducing corporate burdens, to organizing exhibitions such as the Canton Fair and the CIIE to expand market channels, the policy combination has formed a "combination effect". Customs continues to promote special actions to facilitate cross-border trade, optimize the joint supervision model of "port destination", promote the rapid growth of cross-border e-commerce imports and exports, and inject strong momentum into enterprises' "breaking the waves and going overseas". Policy escort provides solid guarantees for the stable growth of foreign trade.

The optimization and upgrading of foreign trade structure injects new impetus into high-quality development. In the first eight months, my country exported 10.6 trillion yuan of mechanical and electrical products, an increase of 9.2% year-on-year, accounting for more than 60% of exports. Among them, integrated circuit and automobile exports grew significantly, with growth rates reaching 23.3% and 11.9% respectively. During the same period, my country's total export of pet economic goods exceeded 10 billion yuan, and it was sold to more than 180 countries and regions. A series of data witnessed the acceleration of "Made in China" and "Chinese brands" towards the mid-to-high end of the global value chain, and China's foreign trade is achieving a leap from accumulation of "quantity" to "quality". The structure is optimized in the face of changes, writing a vivid footnote to China's economic transformation and upgrading.

Open cooperation and win-win results, and continuously explore new space for high-quality development of foreign trade. China shares development opportunities with other countries, textiles and clothing bring welfare to European consumers, agricultural machinery improves the quality and efficiency of African agriculture, and energy equipment promotes the modernization of infrastructure in Central Asia. At the same time, China's super-large-scale market advantages continue to be released, imports benefit the world, and the construction of a unified national market has allowed China's new development to provide new opportunities for the world. By actively participating in international exhibitions, expanding emerging markets, and deepening multilateral and bilateral cooperation, China is embracing the world with a more open attitude and injecting stability into the global economy with the certainty of its own development.

Behind the 3.5% growth is China's heroic attitude of spreading its wings in the wind, and it is also a microcosm of China's economy's progress in breaking through the waves. This report card gives us reason to believe that China's foreign trade will surely write a more exciting new chapter in high-quality development. (Wei Ning)

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