(Source: CCTV Financial Review，2024-07-12）

July 12，Data released by the General Administration of Customs，First half，The total value of my country’s import and export of goods trade is 21.17 trillion yuan，YoY growth of 6.1%，In-depth observation of the industry，What are the new changes in the export of foreign trade products，What new actions have foreign trade business entities made in improving “quality” to “newness”，How to continuously improve the market competitiveness of foreign trade。CCTV Financial Commentary invited Tu Xinquan, Dean of the China WTO Research Institute at the University of International Business and Economics, and Su Jingchun, an associate researcher at the Chinese Academy of Fiscal Sciences, for interpretation。

Continuous transformation and upgrading, endless power

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CCTV Financial Commentary: First，We go deep into the industry to observe，So what new changes have occurred in the structure of my country’s export products in the first half of this year，Teacher Tu？

Tu Xinquan: The rapid development of our country’s foreign trade，It should be from the 1990s。At that time，Our main export products are labor-intensive、Low-end、Low value-added products，w88 casino games loginLike clothing、Shoes、Toys, etc.，But it can be said that things are different now。After decades of hard work，We are constantly climbing up the industrial chain，It can be said that from those lowest-end processing and assembly，Has entered some of the most cutting-edge industries in the world。For example, in the first half of this year, our exports grew fastest in the three categories of products，One is a ship，One is a chip，One is a car。Such a product structure is completely that of a highly industrialized country。Also，From the perspective of the structure of trade methods，It is also very obvious。We used to rely heavily on processing trade in the past，Imported intermediate goods，Re-export through processing and assembly。But now our processing trade exports account for only 18%，66% is general trade，This shows that our export trade is now more completely dependent on our domestic supply chain，This is also our independent production capability，Including our technical level、The improvement of a series of capabilities such as independent brands，So this fully reflects the results we have achieved in industrial transformation and upgrading over the past few years。

Carry forward the tradition of intensive farming and tap potential to expand the market

CCTV Financial Comment: We know that the entire external market has actually been undergoing many new changes in the past two years，There are many new demands emerging，Our foreign trade companies are welcoming these changes、Catering to the new needs of the market，Teacher Tu，Use your observations to see what improvements and adjustments we have made in innovation？

Tu Xinquan: Then we just looked at it from a national perspective、Talk about our transformation and upgrading from an industrial perspective，In fact, from a business perspective，There is also this need for transformation and upgrading。We have a concept called smile curve，That is, for enterprises，Is it staying at the bottom of a smile curve or extending w88 casino games loginto both ends，Both ends，On the one hand, it is technological innovation，On the one hand, it is the control of market demand。In our trade I just talked about，Processing trade is a major form，This refers to the lowest-end processing and manufacturing link of our company，So before, we didn’t control both ends of the smile curve，But now as our enterprise’s capabilities continue to improve，We are actually constantly extending at both ends。On the one hand, it is technological innovation，Our company is currently developing new products，It should be said that very good results have been achieved，We just mentioned our breakthroughs in some new industries。There is another very important end，This is our response to this market、The grasp of the demand side is getting better and better。Our companies used to rely more on foreign companies to enter foreign markets，Master these needs。But our company itself does not understand this (foreign) demand very well。But now we should say our company，Especially private enterprises，I think it gives full play to China’s long-term tradition of intensive farming，Although it comes from farming culture，But I think it is also well reflected in the manufacturing industry。We target the market needs of these different countries，Develop targeted products that meet local market needs，Especially in the past when we may have been relatively small in scale，Relatively fragmented markets in some developing countries，We are developing very well now，We enter these markets to deeply understand the special needs of these markets，Then develop our products in a targeted manner，Export to these markets，So if we do this，You can apply it to the entire smile curve or the entire supply chain，Have a more complete grasp，In fact, for enterprises，This also means higher efficiency，Higher profits。

Being a better self is the key to invincibility

CCTV Financial Comment: It can be said that the growth rate of my country’s import and export is now accelerating quarter w88 live casinoby quarter，Second Quarter，A year-on-year increase of 7.4%，We must continue to consolidate the good momentum，From industry、Enterprises and policy support，These aspects，What Teacher Tu thinks should be done？

Tu Xinquan: From the current perspective，The foreign trade growth momentum in the second half of this year is still good。From a demand side perspective，The growth in relevant countries is recovering，Especially in developed countries，So for developing countries，We still maintain a rapid growth，Especially ASEAN。Then this is also due to the demand for our information technology products driven by artificial intelligence，But，We have no way to control the demand side。I think we still need to improve our products from this supply side，This is the most important，In particular, we must speed up the improvement of our technology and quality，To maintain your competitiveness。Then the point I want to emphasize is to ensure our quality，It should be said that we all know that both the domestic market and the international market are very involution，Competition is very fierce。But，We must not do it because of volume、Because competition is fierce，Relax the quality requirements。It is very difficult for Chinese products to win a good reputation in the international market，We spend a lot of effort to improve our quality、Improve our image，Don’t worry about excessive volume、Excessive competition and relaxation of quality requirements，Destroy the image of our Chinese products。

Original video source attached: https://app.cctv.com/special/m/livevod/index.html?guid=48611825e3f749288858191ff61d1a3f&vtype=2&vsetId=VSET100156269129。