China's import and export of goods in the first 11 months of this year totaled 38.34 trillion yuan, The growth was 8.6% over the same period last year, indicating that China's foreign trade maintained steady performance despite multiple pressures.
From a steady start of 10.7% in the first quarter, to a rapid reversal of the downward trend of foreign trade growth in April in May and June, to a relatively fast growth of 9.4% in the first half of the year, and to a steady progress in the first 11 months... China's foreign trade has withstood the pressure and achieved simultaneous growth in scale, quality and efficiency, which is no easy feat at a time when global trade is shrinking sharply. Steady progress in foreign trade has contributed to the recovery of the national economy and unleashed the surging vitality of the Chinese economy.
China's institutional support
The steady progress of foreign trade cannot be separated from the support of In April, we further increased support for export tax rebates. In May, it put forward 13 policies and measures to help foreign trade enterprises capture orders, expand the market, and stabilize industrial and supply chains. In September, we intensified efforts in epidemic prevention, energy use, labor and logistics. A package of policies to stabilize foreign trade took effect, enabling orderly movement of people, logistics, and capital flows, and stabilizing market expectations and business confidence. With vigorous efforts at the top and vigorous efforts by enterprises, China's foreign trade has demonstrated to the world the majestic strength of its institutional advantages and contributed its share to the stability of the global industrial and trade chains.
As the world's second largest economy, China has a huge market size of 1.4 billion people and the powerful purchasing power of more than 400 million middle-income groups, which is unmatched by any other country. At the same time, China has the world's most complete and largest industrial system, strong production capacity and perfect supporting capacity. China has been the world's largest manufacturer for 11 consecutive years as a major economy, emitting a huge "magnetic attraction". For this reason, many foreign companies have increased their investment in China, casting a vote of confidence in the Chinese market and economy. The full release of the "magnetic attraction" of the super-large market has injected inexhaustible impetus to the steady development of China's foreign trade, showing the invincible strength of China in all weathers.
China will not close its door to the outside world; it will only open even wider.
In the first 11 months of this year, while maintaining sound economic and trade ties with major trading partners such as ASEAN, the EU, the United States and the Republic of Korea, China actively explored emerging markets in Africa and Latin America. Imports and exports with countries along the Belt and Road and members of the Regional Comprehensive Economic Partnership (RCEP) increased by 20.4 percent and 7.9 percent, respectively. The more open China is, the more development it will bring. An ever-expanding circle of friends not only injects strong vitality into China's own development, but also enables the rest of the world to share in China's opportunities.
Post time: Dec-17-2022