Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Policies

    Country's foreign trade shows strong resilience

    By ZHONG NAN in Shanghai | China Daily | Updated: 2024-09-11 06:50
    Share
    Share - WeChat
    Container vessels unload cargo at a terminal in Qingdao, Shandong province, in August. [Photo provided to China Daily]

    China's foreign trade has continued to demonstrate strong resilience, and the nation's enhanced export channels with emerging economies, coupled with ongoing support from its opening-up policies, will drive its economic growth throughout the year despite external challenges, government officials and experts said.

    They said that China's enriched trade and economic ties with Africa, the Association of Southeast Asian Nations and the Middle East, alongside expanding sectors such as technology-intensive green products and cross-border e-commerce, are helping Chinese exporters gain a competitive edge in global markets.

    According to the General Administration of Customs, China's foreign trade reached 28.58 trillion yuan ($4.02 trillion) in the first eight months of this year, an increase of 6 percent year-on-year.

    This robust growth was driven by a 6.9 percent year-on-year rise in exports, while imports increased by 4.7 percent.

    China's foreign trade with emerging economies has grown at a faster pace than its trade with the United States and European markets, while general trade has shown greater resilience compared with processing trade, said Li Ke'aobo, executive deputy director of Tsinghua University's Academic Center for Chinese Economic Practice and Thinking.

    General trade refers to a type of international trade in which goods are imported or exported directly by domestic companies without the use of intermediaries like trading companies or agents.

    During the January-August period, China's trade with countries and regions participating in the Belt and Road Initiative reached 13.48 trillion yuan, up 7 percent year-on-year, customs statistics showed.

    "These facts underscore China's strong trade performance and its increasing international competitiveness," Li said.

    Ji Jianjun, a researcher at the Chinese Academy of Macroeconomic Research in Beijing, noted that China recently removed all foreign investment restrictions in the manufacturing sector, and the move is expected to further lift the country's competitiveness by attracting multinational corporations to build plants within the country and export their products globally.

    Similar views were expressed by Lyu Daliang, director of the General Administration of Customs' department of statistics and analysis. "In the first eight months of this year, the number of foreign-invested enterprises engaged in import and export activities has increased in China," Lyu said.

    Their monthly import and export value has grown year-on-year for five consecutive months, reinforcing China's position as a prime destination for foreign investment and exports, he said.

    Meng Yue, deputy director of the department of foreign trade at the Ministry of Commerce, noted that by exporting high-tech and tech-intensive green products, China has accelerated the development of high value-added industrial chains, further stimulating new momentum in foreign trade and providing competitive industrial goods to the global market.

    For instance, China saw its exports of mechanical and electrical products, such as electric vehicles, smartphones and integrated circuits, grow 8.8 percent year-on-year to 9.72 trillion yuan between January and August, accounting for 59.1 percent of the country's total export value.

    A clear case in point is exemplified by China Merchants Jinling Shipyard (Yangzhou) Dingheng Co in Yangzhou, Jiangsu province. The shipyard's exports reached $300 million in the first seven months, a year-on-year increase of 15 percent, and orders are fully scheduled through 2028.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    久久精品无码一区二区三区日韩| 亚洲精品97久久中文字幕无码| 精品亚洲综合久久中文字幕| 免费A级毛片无码A∨免费| 久久久久亚洲AV无码去区首| 精品无码免费专区毛片| 久久受www免费人成_看片中文| 亚洲av成人无码久久精品| 日韩精品无码中文字幕一区二区| 麻豆亚洲AV永久无码精品久久| 欧美精品丝袜久久久中文字幕| 亚洲精品无码久久毛片| 无码AV岛国片在线播放| 亚洲日本中文字幕一区二区三区 | 人禽无码视频在线观看| 最近更新2019中文字幕| 乱人伦人妻中文字幕无码| 亚洲av福利无码无一区二区| 最好看最新的中文字幕免费| 无码任你躁久久久久久| 日韩精品无码一区二区三区免费| 无码av高潮喷水无码专区线| 波多野结衣中文字幕久久| 伊人久久无码精品中文字幕| 国产V亚洲V天堂无码| 秋霞无码一区二区| 亚洲国产精品无码专区| 精品无码国产自产在线观看水浒传| 亚洲熟妇中文字幕五十中出| 亚洲人成人无码网www国产| 成在人线AV无码免观看麻豆| 人妻无码一区二区不卡无码av| 国产成人无码精品久久久性色| 一区 二区 三区 中文字幕| 中文精品久久久久国产网址| 熟妇人妻中文a∨无码| 亚洲äv永久无码精品天堂久久| 国产AV巨作情欲放纵无码| 精品无码国产一区二区三区51安 | 免费无码又爽又刺激高潮视频| 亚洲精品无码不卡在线播HE |