The world has seen the profound confidence that China's economy is making steady progress and has a long-term future, and has further understood China's development determination to move forward calmly
China's foreign trade data for the first four months were officially released a few days ago. The import and export of goods trade increased by 14.9% year-on-year, continuing the steady and positive development trend in the first quarter, and the outstanding performance exceeded the expectations of the international market. "China's foreign trade growth momentum is strong" "Export momentum continues to be released" "Development resilience is once again highlighted"...Through this foreign trade report card, the world has seen the deep confidence that China's economy is making steady progress and has a stable and long-term future, and further understands China's development determination to move forward calmly.
Foreign trade is an important window for observing China’s economic vitality, and it is also a vivid carrier for China to empower the world with its own development. Facing headwinds and countercurrents in the external environment, China's foreign trade has delivered an excellent answer with considerable volume, optimized structure and numerous highlights. In the first four months, China's total import and export value of goods trade reached 16.23 trillion yuan, of which the monthly import and export value in April reached 4.38 trillion yuan, showing strong growth potential and solid development steps. In the first four months, the advantages of the domestic ultra-large-scale market continued to be released, driving imports to maintain double-digit growth; the pace of transformation and upgrading of the manufacturing industry accelerated, strongly supporting the steady release of export momentum; the vitality of foreign trade business entities continued to burst out, private enterprises played a solid role as a pillar in stabilizing foreign trade, and the willingness of foreign-funded enterprises to participate steadily rebounded. Some foreign media commented that since the beginning of this year, China's foreign trade has made a strong start and has taken solid steps, laying an economic and trade foundation for a good start in the "15th Five-Year Plan".
New momentum continues to gather and grow, which is accelerating China's foreign trade from "quantity increase" to "quality improvement". In the first four months, China's high-tech and high-value-added electromechanical products accounted for 63.5% of the total exports. Among them, the export of advantageous new energy products such as electric vehicles, lithium batteries, and wind turbines all increased by more than 40%, and the export of industrial robots increased by 30%...China's manufacturing is accelerating the transformation to new, green, and smart, and continues to climb towards the high end of the value chain. At the same time, China's imports of mechanical and electrical products increased by 23.6%, among which the imports of automatic data processing equipment and its components, and integrated circuits increased by 55.9% and 43.5% respectively, indicating that global innovation elements are accelerating their concentration in China. Relying on the continuous improvement of market procurement trade pilots and cross-border e-commerce comprehensive pilot zones that basically cover the whole country, new trade formats such as offshore trade and bonded maintenance are booming and gaining momentum. New industries, technologies, and models are constantly reshaping China's foreign trade growth pattern, and are also injecting strong impetus into the stable upgrading of global industrial and supply chains.
The more difficult it is for the world economy to recover, the more we must adhere to the path of open cooperation, mutual benefit and win-win results. China adheres to the strategy of market diversification, continues to deepen its traditional markets, vigorously explores emerging markets, and its "circle of friends" in economic and trade cooperation continues to expand. In the first four months, China's imports and exports to emerging markets such as ASEAN and Latin America maintained a rapid growth of more than 15%, and trade with traditional markets such as the European Union and South Korea increased steadily. The dividends of China's zero-tariff initiative with Africa have gradually been released. Bilateral trade has exceeded 800 billion yuan for the first time in the same period. Good products with African characteristics have enriched the Chinese consumer market, and China's high-quality products have empowered Africa's development and construction. "Export to China" and "Buy in China" are deeply integrated. With its consistent high-level opening up, China continues to send a firm signal to the world for mutually beneficial cooperation and joint prosperity.
Building a strong trading country, promoting the quality and efficiency of foreign trade, and promoting the balanced development of imports and exports are the due meaning of China's promotion of high-quality development, and it is also its responsibility to promote the construction of an open world economy. China's total trade in goods has ranked first in the world for nine consecutive years, and its international market share of imports and exports has remained stable. From continuing to improve foreign-related economic and trade institutional rules, to steadily expanding free trade pilot zones, and promoting institutional opening up; from actively implementing free trade agreements and deepening regional economic and trade cooperation, to participating in global trade governance and promoting the improvement of multilateral economic and trade rules, China has taken concrete actions to safeguard the multilateral trading system and promote the stable development of global trade. "We have indeed seen the resilience of the Chinese economy, and China has huge potential." said Georgieva, President of the International Monetary Fund.
The "quality" of foreign trade reflects the "resilience" of China's economy and highlights the "stable" start of the "15th Five-Year Plan". A China with high-quality development will always be a trustworthy and stable force that can be relied upon in a turbulent world. It will continuously create opportunities, convey hope and gather momentum for the world.


