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Xinhua News Agency's Authoritative Express | 4%! China's Trade In Goods Grew Steadily In The First Three Quarters

Xinhua News Agency's Authoritative Express | 4%! China's Trade In Goods Grew Steadily In The First Three Quarters

Xinhua News Agency's Authoritative Express | 4%! China's Trade In Goods Grew Steadily In The First Three Quarters

Amidst the cold wave of global trade, the Chinese economy has delivered a warm response. The total trade in goods in the first three quarters climbed to 33.61 trillion yuan. The 4% increase may not seem large, but in fact it is extremely important. What is the scene behind this? Exports 19.95 trillion yuan

Amidst the cold wave of global trade, the Chinese economy has delivered a warm response.

China’s foreign trade growth_One Belt and One Road trade volume_One Belt and One Road trade volume index

The total trade in goods in the first three quarters climbed to 33.61 trillion yuan. The 4% increase may not seem large, but in fact it is extremely important. What is the scene behind this? Exports amounted to 19.95 trillion yuan, an increase of 7.1%. It has been heading upward for eight consecutive quarters. Where does this resilience come from? The answer may lie in the wider world. We no longer put all our eggs in one basket. The trade volume with “Belt and Road” partners reached 17.37 trillion yuan, accounting for half of the country, with an increase of 6.2%. ASEAN, Latin America, Africa, and Central Asia are all bearing fruit, with growth rates reaching 9.6%, 3.9%, 19.5%, and 16.7% respectively. This strategy of making friends has made our foreign trade road wider and wider.

The real confidence comes from one’s own hard power. Exports of mechanical and electrical products exceeded 12 trillion yuan, accounting for 60% of the country, an increase of 9.6%. This is no longer simply "Made in China", but "Intelligent Made in China" that shines with wisdom. High-precision products such as electronic information, high-end equipment, and instruments grew at a gratifying rate, rising by 8.1%, 22.4%, and 15.2% respectively. Green and low-carbon "three new" products have emerged suddenly and are growing at an alarming rate. Isn’t this the most vivid footnote of China’s industrial upgrading? Good news is also coming from the import side, and the domestic market, a fertile ground, is full of vitality. In the third quarter, import growth soared to 4.7%, with strong demand for bulk commodities such as crude oil and metal ores, and the import value of high-tech products such as measuring and testing instruments also increased by 9.3%. Once the engine of domestic demand is started, its power cannot be underestimated.

Who is writing this foreign trade legend? There are more than 700,000 dynamic enterprises. Among them, 613,000 private enterprises contributed 19.16 trillion yuan in import and export volume, an increase of 7.8%, making them the mainstay. Their boat was small, easy to turn around, flexible and showed amazing vitality in the wind and waves. Even foreign-invested enterprises have cast a vote of confidence in the Chinese market with a trade volume of 9.82 trillion yuan and a growth rate of 3.1%. From 1.3% in the first quarter, to 4.5% in the second quarter, and then to 6% in the third quarter, this high-spirited upward curve paints a magnificent picture of riding the wind and waves and making steady progress. This is not only a victory of numbers, but also a transformation of strategic vision and structure.

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The above content is generated by AI and is for reference only.

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