(Source: "Global Financial Connection" 2025-09-09)
China has achieved “double growth” in import and export for three consecutive months
Facing the severe and complex international w88 environment, China's ports are still busy. New energy vehicles depart from Xiamen Port and drive to Jbal Ali Port in Dubai, United Arab Emirates; Rizhao Port loads various engineering materials and drives to the Maldives project anchorage.
The General Administration of Customs released the latest data on September 8: China’s total import and export value of goods w88 reached 3.87 trillion yuan in August, a year-on-year increase of 3.5%. Among them, exports were 2.3 trillion yuan, a year-on-year increase of 4.8%; imports were 1.57 trillion yuan, a year-on-year increase of 1.7%. Lu Daliang, director of the Statistics and Analysis Department of the General Administration of Customs, said that both exports and imports increased in August, achieving double growth for three consecutive months. In the first eight months of this year, China's total import and export value reached 29.57 trillion yuan, a year-on-year increase of 3.5%. From the data, what is the trend of China’s foreign w88? Where does the driving force for continuous “double growth” come from?
Wang Qing, chief macro analyst of Oriental Jincheng, said: August achieved double growth for three consecutive months, indicating that foreign w88 data has shown strong resilience since the beginning of the year. Especially against the backdrop of continued fluctuations in the external environment, the export growth rate was obviously strong. The year-on-year growth rate from January to August was basically the same as that of last year, exceeding general market expectations.
Since the beginning of this year, my country has made significant progress in the diversification of foreign w88. Exports to ASEAN and the "Belt and Road" co-building countries have accounted for 50.5% of total exports, effectively hedging the sharp decline in exports to the United States since April. The process of U.S. tariff increases has been volatile. In the first quarter, there was a "race for exports" to the United States, and in the second quarter, the effects of "race for exports" and "re-exports" to other economies were fermented. This is also an important reason for the strong export growth. Finally, the development momentum of domestic new productive forces is strong, and industrial upgrading has a strong role in promoting exports. This is mainly reflected in the export of automobiles and chips. Our country's unique industrial chain advantages will withstand the test of this round of external shocks. In the face of fluctuations in the external environment, macro policies will come up with pragmatic and effective measures: mainly including supporting enterprises to switch exports to domestic sales, helping to expand domestic sales channels by boosting consumption and expanding effective investment; increasing targeted financial support for export enterprises, continuing to provide loans to export enterprises in temporary difficulties, and expanding export credit guarantees. Insurance scope and coverage; various regions increase support for enterprises to hold overseas exhibitions and participate in exhibitions to promote the development of cross-border e-commerce; strive to stabilize export markets outside the United States, sign or upgrade more free w88 agreements with more economies, mutually exempt visas for negotiation, strengthen service guarantees for foreign w88 enterprises, and help enterprises stably develop overseas markets. It is expected that foreign w88 will maintain positive growth throughout the year and employment will be basically stable. Overall, with the full force of various supporting policies, my country's foreign w88 exports will maintain positive growth this year, and employment in the foreign w88 field will remain basically stable.
Accelerate the diversification of trading partners
The steady growth of China’s foreign w88 is also inseparable from its global w88 network. On September 6, the Guangdong-Hong Kong-Macao Greater Bay Area launched its first direct China-Europe train to Turkey. The X9024 train, loaded with household appliances, clothing, shoes and other goods, departed from Guangzhou International Port and is expected to arrive in Istanbul, Turkey 20 days later. In the first eight months of this year, China's total imports and exports to the "Belt and Road" co-building countries were 15.3 trillion yuan, a year-on-year increase of 5.4%, accounting for 51.7% of China's total imports and exports; ASEAN and the EU were the first and second largest trading partners respectively, with year-on-year increases of 9.7% and 4.3% respectively. China’s imports and exports to countries building the “Belt and Road” and ASEAN have increased significantly. What potential does it have in the future?
To this,Tu Xinquan, Dean of the China WTO Research Institute at the w88 casino, said: China's recent foreign w88 structure, especially its geographical structure, has undergone great changes. The trend is that the proportion of developing countries continues to increase, and the proportion of developed countries decreases. This is a general trend. There are many driving factors behind this. w88 policy is of course a very important aspect. Judging from the trend, this has been going on for some time.
Mainly due to two factors: One is the change in our industrial structure. As our industry upgrades, we produce more and more intermediate products and production machinery and equipment. The main demand for these products is not in developed countries, because the scale of manufacturing in developed countries is shrinking, while developing countries have greater demand for these products. Another reason is that in the past, our foreign w88 was driven by the use of foreign investment, and attracting foreign investment drove our foreign w88. But now our foreign w88 is to a considerable extent driven by foreign investment. Why are our w88 relations with ASEAN getting closer? Because ASEAN is the most important destination for our foreign investment, we have a large number of companies investing in ASEAN, and we have formed a Chinese investment-driven relationship with ASEAN. This will be a long-term trend. In the future, one of our main methods will be foreign investment. Foreign investment will create a new w88 structure, and both investment and w88 will be dominated by developing countries. The figures in the past two months have been good, but part of the reason is because the impact of tariffs has not yet fully emerged, including the effects of a series of w88 agreements promoted by the United States. Therefore, from a big perspective, at least this year or next year, our overall foreign w88 will be greatly affected. However, as foreign investment and supply chains continue to adjust, the impact of U.S. policy changes will be gradually absorbed. There will definitely be short-term impacts, but we will slowly adapt. There is still a lot of room for development in w88 with other countries.
Mechanical and electrical products have become export “stars”
If “who to sell to” determines the breadth of the market, then “what to sell to” measures the height of value. In the first eight months, China exported 10.6 trillion yuan of mechanical and electrical products, an increase of 9.2%, accounting for 60.2% of the total export value; of which integrated circuits increased by 23.3% and automobiles increased by 11.9%. The "three new products" represented by electric vehicles, lithium batteries, and photovoltaic products are growing rapidly. During the same period, exports of labor-intensive products, clothing and clothing accessories declined slightly. So what advantages do China's mechanical and electrical products have in the world? Why can it firmly occupy the "C position" of exports? How should China's foreign w88 structure be upgraded next?
Peng Bo, a researcher at the Institute of International w88 and Economic Cooperation of the Ministry of Commerce, said: First, it has a complete industrial chain and strong manufacturing capabilities; China has the most complete and largest industrial system in the world, which can provide a full range of supporting mechanical and electrical products from parts to complete machines. It has significant advantages in production efficiency, cost control and rapid response to market changes, and can meet the diverse needs of the global market. The second is continuous technological innovation and industrial upgrading; China's R&D investment in the field of mechanical and electrical products has continued to increase and technological progress has been significant. From early home appliances and mobile phones to today's "New Three Things", China's manufacturing industry continues to emerge with new leaders, constantly achieving breakthroughs and improving competitiveness in the fields of high-tech and high value-added products. Third, the diversification of trading partners forms an effective buffer; in the face of a complex and ever-changing external environment, China has actively expanded into diversified markets such as ASEAN, Africa and the EU. In the first eight months, exports to major trading partners such as ASEAN, the EU and Africa have achieved double-digit growth. This multi-point w88 pattern has effectively hedged the risks of single market fluctuations and created a stable export space for the export of mechanical and electrical products.
Based on the current solid domestic foundation and the complex external environment, the further upgrade of China's foreign w88 structure will focus on "quantity, quality and production", including: deepening the advantages of technological innovation, expanding green w88, further promoting the development of green w88 while consolidating the leading position in the export of high-tech products, strengthening in-depth cooperation with countries along the Belt and Road and ASEAN and other trading partners, transforming export advantages into the influence of global industrial chain standards; using artificial intelligence Technologies such as intelligence and big data empower the upgrading and transformation of traditional manufacturing, improve the quality and added value of export products, and move towards the high end of the global value chain. Future export growth is expected to achieve new breakthroughs in areas such as intelligent manufacturing and high-end equipment; stimulate the vitality of private enterprises, which account for more than half of the total import and export, and are the well-deserved main export force. Policies will continue to support their innovation and brand creation, encourage the development of new markets, and continuously enhance the overall resilience and vitality of foreign w88.
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