Think Tank

The growing inspiration from China's foreign trade

2025-01-15   

The stable and high-quality increase in China's foreign trade volume demonstrates that developing through openness and winning through cooperation is the correct path to development. 88.38 million customs declarations have been issued, achieving a simultaneous increase in the "three quantities" of China's foreign trade volume, increment, and quality by 2024. The latest data released by the General Administration of Customs of China shows that the total import and export value of goods trade in China reached 43.85 trillion yuan last year, a year-on-year increase of 5%, and the scale reached a new historical high; The growth scale of foreign trade has reached 2.1 trillion yuan, and the position of the largest country in goods trade has become more stable; The structure of import and export products is constantly optimized and upgraded, with an increasing amount of "new" products. China's foreign trade has withstood multiple challenges, continuously demonstrated resilience, and demonstrated the vitality and potential of the Chinese economy, indicating that open cooperation is still a strategic choice for economic development at a time when the world economy is facing the threat of protectionism. Both the United Nations and the International Monetary Fund have recently warned that raising tariffs may affect global economic growth. Against the backdrop of rising protectionism, many countries are considering how to reduce the impact of increasing trade barriers on their own economies. While adhering to innovative development and vigorously boosting consumption, China continues to expand its high-level opening-up to the outside world, continuously enhancing its ability to cooperate and achieve win-win outcomes in the face of globalization headwinds, and expanding its "circle of friends" in foreign trade. Data shows that China has import and export records for almost all countries and regions in the United Nations statistical grouping, and has achieved import and export growth with over 160 partners, making it a major trading partner for more than 150 countries and regions; While maintaining an increase in trade with traditional markets such as the EU and the United States, countries jointly building the "the Belt and Road" accounted for more than 50% of China's imports and exports for the first time, and most of the trade volume came from emerging markets such as ASEAN. It can be said that expanding opening up has further enhanced the resilience of China's foreign trade. At the recent Las Vegas Consumer Electronics Show, American journalist Patrick George experienced three rides inside Chinese electric vehicles. The reason why he kept turning back is the seemingly impeccable manufacturing quality of Chinese electric vehicles. In China, these electric vehicles are no longer the future, but the current reality. He said that the progress of the Chinese automotive industry lies in significant investment and focus on electrification and software, learning from partners, improving supply chains, and fierce internal competition. Chinese products were widely favored at the Las Vegas Consumer Electronics Show, proving that the upgraded version of Made in China is the source of high-quality development for China's foreign trade. China has a complete industrial system, and technological innovation leads the sustainable development of new quality productivity. The iterative upgrade of Made in China provides more high-end, green, and intelligent products to our trading partners. The washing machine produced in China equipped with artificial intelligence "smart washing" function can automatically detect the weight and material of clothes and select the optimal washing mode; The intelligent cooking machine produced in China has multiple built-in menus. Just put in the ingredients, press the button, and in the time of a song, the dishes with perfect color, aroma, and taste can be cooked. China is constantly improving its innovation capabilities, and it is a natural process for products to go global. The super large scale of the Chinese market is also an important reason for the high-quality development of China's foreign trade and the increasing size of its "circle of friends". China is orderly expanding its independent and unilateral opening-up, steadily expanding its institutional opening-up, and continuously unleashing the potential of its super large market. This not only promotes high-quality development of foreign trade, but also provides more market opportunities for countries around the world. The eastern region of China continues to play the role of a "ballast stone" for foreign trade, while the central and western regions are increasingly moving towards the forefront of opening up. More international elements are entering daily life in the inland hinterland. New Zealand tripe, Vietnamese mackerel, and other seafood are transported through the Western Land Sea New Corridor cold chain and featured on the hotpot menu of Chinese restaurants; Durian from Thailand and bananas from Laos enter the country via the China Laos railway, enriching Chinese consumers' fruit choices. On December 1st last year, China granted 100% tariff free treatment to all least developed countries that have established diplomatic relations, driving an 18.1% increase in imports from related countries that month, which was 5.8 percentage points faster than the previous 11 months. This once again proves the enormous potential of China's super large market and the broad opportunities it can bring to more countries. The stable and high-quality improvement of China's foreign trade demonstrates that developing in openness and winning in cooperation is the correct path to development. The Chinese economy has a stable foundation, multiple advantages, strong resilience, and great potential. The supporting conditions and basic trends for long-term improvement have not changed. This is the greatest confidence and confidence for China to share opportunities and seek common development with the world. (New Society)

Edit:Luo yu Responsible editor:Wang er dong

Source:people.cn

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