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Chinas import and export trade continues to grow, with private enterprises becoming an important driving force

2024-05-22 10:16:32

With the steady recovery of the global economy, China's import and export trade has shown strong growth momentum. The latest data shows that in the first four months of this year, China's total import and export volume reached an astonishing number, with private enterprises becoming an important driving force for foreign trade growth.

According to statistical data released by the General Administration of Customs, China's total import and export volume increased significantly year-on-year in the first four months of this year. This growth not only exceeded the national average, but also played an important role in global trade. Of particular note, private enterprises have played a crucial role in this round of growth, accounting for over 70% of the total import and export volume, becoming the main driving force behind foreign trade growth.

From the perspective of exports, traditional advantageous products such as electromechanical products and labor-intensive products still maintain a strong growth momentum. Especially for electromechanical products, their export value accounts for a considerable proportion of the total export value. In addition, with the deepening of the "the Belt and Road" initiative, China's trade with countries along the Belt and Road has become increasingly frequent, providing new impetus for the growth of foreign trade.

In terms of imports, with the upgrading of domestic consumption and industrial structure, China's demand for high-quality and high-tech imported products continues to grow. Especially in the import of electromechanical products and high-tech products, the growth is particularly rapid. This not only helps to meet the needs of the domestic market, but also promotes the optimization and upgrading of China's industrial structure.

In addition to the growth in total volume, the structure of China's import and export trade is also constantly optimizing. The growth of trade methods such as general trade and bonded logistics is significantly faster than traditional trade methods such as processing trade. This indicates that China's foreign trade is gradually developing towards high quality and high added value.

Experts point out that the current global trade situation is still complex and ever-changing, but China's foreign trade development still faces many favorable factors. On the one hand, China has a complete industrial chain and strong production capacity, which can provide high-quality and low-cost goods for the global market; On the other hand, China has continuously promoted the strategy of reform, opening up, and innovation driven development, providing strong institutional guarantees and dynamic support for the development of foreign trade.

Looking ahead, China's import and export trade is expected to continue to maintain a strong growth momentum. Meanwhile, with the continuous optimization of China's economic structure and the deepening of industrial upgrading, the foreign trade structure will also be further optimized and upgraded. This will inject new impetus into the development of China's foreign trade and further enhance its position in global trade.


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