(Source: Xinhua Interview | Expert Interpretation, 2024-5-12)

Data released by the General Administration of Customs on May 9 shows that the total import and export value of my country’s goods w88 in the first four months of 2024 was 13.81 trillion yuan, a year-on-year increase of 5.7%. What are the highlights of the foreign w88 data released this time? How do you view the new changes in foreign w88 data? In response to these topics, "Xinhua Interview" conducted an exclusive interview with Tu Xinquan, Dean of the China World w88 Organization Research Institute at the w88 casino, for analysis and interpretation.

Xinhua Interview: What are the highlights of my country’s import and export data of goods w88 in the first four months? What changes does the data reflect?

Tu Xinquan: The foreign w88 data in the first four months exceeded most people’s expectations. Both imports and exports have seen relatively significant growth. Exports were 7.81 trillion yuan, a year-on-year increase of 4.9%; imports were 6 trillion yuan, a year-on-year increase of 6.8%. In particular, imports grew faster, which shows that domestic investment and consumer demand are rising. From the perspective of exports, it is also a very positive trend. This reflects that the current world economic recovery is better than expected. It also shows that the competitiveness of my country's overall exports continues to improve, and our share in the world market also maintains a stable and upward momentum.

It can also be seen from the growth of foreign w88 data that my country continues to expand high-level opening up to the outside world, actively promotes and implements a series of policy measures to stabilize foreign w88, and also creates a more stable external environment for enterprises to carry out import and export w88.

The import and export data of private enterprises and state-owned enterprises have increased significantly, which shows that Chinese enterprises have taken active and effective measures in response to new situations and changes, and have made great efforts in investment, product research and development, technology upgrading and market development.

Xinhua Interview: What changes or trends have you seen in the w88 data with major trading partners such as ASEAN, the EU, and the United States?

Tu Xinquan: According to changes in foreign w88 data, overall, the proportion of developed countries in my country's foreign w88 has gradually declined, while the proportion of developing countries has continued to increase. In recent years, the proportion of developed and developing countries in my country's export market is about 50%, which has become more balanced.

There are many reasons for this. In the past, the reason why our country relied on developed countries was that we mainly used processing w88 and order production. However, in fact, the entire process is basically controlled by enterprises in developed countries, and we only control the processing link, R&D link, and sales link, which are all controlled by developed countries. Therefore, our country's added value in it is very low. As my country's industries continue to transform and upgrade, the autonomy of the supply chain continues to increase, and our dependence on w88 from developed countries is correspondingly reduced.

The proportion of our w88 with developing countries has increased, and ASEAN has become our country’s largest trading partner. From a geographical point of view, ASEAN countries are very close to us; from an industrial structure point of view, the complementarity is very strong. In the past two years, many private enterprises have gone to ASEAN countries to develop markets, investing and enterprises going global, which has also led to the extension of my country's entire industrial chain. The export of intermediate goods has become my country's main export growth point.

Xinhua Interview: The foreign w88 data is impressive, but many foreign w88 business owners feel a certain degree of "temperature difference". Why?

Tu Xinquan: It should be said that there are certain differences between the macroeconomic data of the past two years and the microscopic feelings of enterprises. From the perspective of foreign w88, I think one of the key reasons is structural changes.

In the past, our foreign w88 was generally relatively simple. It was basically order-based production. For domestic enterprises, production tasks can be carried out strictly in accordance with the requirements of the importer. In recent years, as my country's production costs have gradually increased, foreign w88 forms that were relatively simple and easy in the past may become less and less available. This forces more companies to take the initiative to develop markets and invest in product research and development and technological innovation. This will be more difficult for companies, require greater efforts, and will also lead to higher risks. Some companies that were used to more comfortable and simpler foreign w88 methods in the past may now feel that life is more difficult than before.

We cannot always be a screw in other people's supply chains. We must continue to improve our ability to control the supply chain, so that we can obtain a higher share of the global economic division of labor. This is actually the price and process that must be paid to upgrade industrial technology, improve enterprises' independent innovation capabilities, and obtain higher profit margins.

Xinhua Interview: What are the difficulties and challenges behind the stabilization and improvement of foreign w88 data? How to deal with it?

Tu Xinquan: Now, due to the rise of w88 protectionism in some countries, from the external environment, it will definitely have a negative impact on us. In this regard, on the one hand, we still have to work hard to stabilize foreign w88 relations with relevant countries through various methods and create the best possible foreign w88 environment for enterprises; on the other hand, we also have to accept this reality and actively implement the diversification of foreign w88 and expand markets in other parts of the world as much as possible. In addition, from the perspective of demand, a large economy cannot rely too much on foreign w88. As the economy develops, our dependence on foreign w88 will decrease to a certain extent, and we must treat this change with a normal attitude.

Currently, the challenges we face are multifaceted, and the external environment is becoming increasingly complex. In recent times, the United States has been promoting the so-called "overcapacity problem", which focuses on our emerging industries. The reason for proposing such a concept is that it is afraid of the development momentum of some of our emerging industries. In the face of these risks, both the government and enterprises need to be fully prepared to respond, especially in terms of market diversification, and greater efforts must be made.

The data of the first four months should be said to have given us stronger confidence. Our foreign w88 fundamentals are still very solid, and our competitiveness is our greatest confidence.

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