China becomes the 'anchor of global trade stability'
2025-04-24
At the 137th China Import and Export Fair (Canton Fair) and the 5th China International Consumer Goods Expo (Consumer Expo), there were crowds of people and endless excitement; China's gross domestic product (GDP) growth in the first quarter exceeded expectations, and China's import and export scale reached a historic high in the same period of the year... In the current global trade situation facing huge chaos and high uncertainty caused by the US government's excessive tariffs, these good news from China have brought confidence and hope to the world. Good news from China: China is the world's largest trading nation in goods and the second largest trading nation in services. It is the driving force, stabilizing anchor, and ballast of global economic recovery. Good news from China will surely bring confidence and hope to the world. During the exhibition, many international buyers from Southeast Asia, the Middle East, and Latin America expressed strong intentions to cooperate with our agricultural unmanned equipment, and some buyers directly expressed clear procurement needs A new customer from Argentina has just reached an intention to cooperate with 80000 freezers, and is preparing to conduct an in-depth inspection of the factory in Shangqiu after the exhibition; An old customer in Africa has decided to place an additional order and is currently in talks for a $20 million partnership These are voices from the Canton Fair. On April 19th, the first phase of the 137th Canton Fair with the theme of "Advanced Manufacturing" came to an end. According to the China Foreign Trade Center, the organizer of the Canton Fair, as of April 19th, 148585 overseas buyers from 216 countries and regions around the world have attended, an increase of 20.2% compared to the same period of the 135th session. This year's Canton Fair will be held in three phases from April 15th to May 5th. A one click automated cooking stir fry robot, a four legged robotic dog that can act cute, patrol the entire house, and deliver medicine to the elderly, a lightweight and easy-to-use flying camera suitable for all ages... These are the surprises from the Consumer Expo. On April 18th, the 5-day Consumer Expo concluded. This year's Consumer Expo attracted over 1700 companies and 4200 brands from more than 70 countries and regions around the world, including 65 Fortune 500 and leading enterprises, setting a new historical high in exhibition scale. This year's Consumer Expo has over 60000 professional buyers, an increase of over 10% compared to the fourth edition. Recently, China also released a set of heavyweight economic data: the National Bureau of Statistics of China released data, preliminary calculations show that GDP in the first quarter of this year increased by 5.4% year-on-year. According to data from the General Administration of Customs of China, China's import and export volume reached a historic high in the first quarter, exceeding 10 trillion yuan for eight consecutive quarters. According to Agence France Presse, China's GDP grew by 5.4% year-on-year in the first quarter, higher than expected. The CNN report also pointed out that this is an "unexpectedly strong growth", significantly higher than the expectations of more than 50 economists surveyed by Reuters. The fact proves that as long as our policies are effective and we adhere to deepening reform and expanding opening up, we can develop in the expected direction He Maochun, Director of the Economic Diplomacy Research Center at Tsinghua University, said, "On September 26 last year, the Central Political Bureau decisively deployed a package of incremental policies, which played a key role in stabilizing the economy. The deployment of the Central Economic Work Conference called for more active and proactive macro policies. Since the beginning of this year, policy measures have been strengthened and expanded, and both stock policies and incremental policies have shown their effectiveness, promoting a good start to the economy in the first quarter. China is the world's largest trading nation in goods and the second largest trading nation in services, and is the driving force, anchor, and ballast of global economic recovery. China's good news will definitely bring confidence and hope to the world." China's economic resilience highlights its strong industrial capacity, efficient global supply chain coordination ability, and continuously improving competitiveness, which enables it to demonstrate its ability in the face of challenges. Develop strong resilience. According to a report by Brazil's 247 News Network, in the face of the tense global trade situation, China plays the role of the "anchor of stability" in global trade. Analysts point out that China has strong industrial capacity, efficient global supply chain coordination capabilities, and constantly improving competitiveness, which enables it to demonstrate strong resilience in the face of challenges. The report points out that relevant data shows that China is actively responding to the current global trade tensions through measures such as market diversification and expanding domestic demand. In the first quarter of this year, ASEAN continued to maintain its position as China's largest trading partner, with imports and exports growing by 7.1% year-on-year; China's imports and exports to the European Union increased by 1.4% year-on-year. China has also continued to deepen its economic and trade relations with the "the Belt and Road" partners. In the first quarter of this year, China's import and export to countries jointly building the "the Belt and Road" totaled 5.26 trillion yuan, an increase of 2.2% year on year. The scale reached a record high in the same period, accounting for 51.1% of China's foreign trade. As a window for sharing China's opportunities, the Canton Fair is a big stage for many enterprises to showcase their innovative achievements to the world. Currently, facing the complex international situation, many enterprises are exploring new market opportunities, adjusting and upgrading their products, and continuously improving their industrial and supply chain networks Researcher Zhou Wei from the Institute of International Trade and Economic Cooperation of the Ministry of Commerce believes that the Canton Fair allows more foreign merchants to understand China's innovation and "smart manufacturing" level. As the world's second largest consumer market, China has introduced a series of policies to expand domestic demand and promote consumption, stabilizing and expanding household consumption, and promoting economic stability and improvement. The 2025 Government Work Report proposes to implement a special action to boost consumption. With the implementation of a series of related policy measures, the Chinese consumer market will usher in greater development opportunities and create greater space for global enterprises to share the Chinese market. The article on the website of Singapore's Lianhe Zaobao also pointed out that, after an all-round game with the United States over the past few years, China's economic growth has slowed down, but has not been fundamentally impacted. Significant progress has been made in economic restructuring, economic resilience has been further improved, and scientific and technological strength has also been growing. Meanwhile, in the past few years, China's industrial and supply chain autonomy and market substitution capabilities have also significantly improved. In the global trade landscape, China plays an irreplaceable and important role. China has effectively fulfilled its commitment to reduce tariffs after joining the World Trade Organization, and market access barriers are becoming fewer and fewer; On December 1, 2024, China granted 100% tariff free treatment to all least developed countries that have established diplomatic relations; China adheres to reform and opening up, and has become a major trading partner of more than 150 countries and regions He Maochun said, "China's advantages include: first, the Chinese economy has strong resilience; second, there is strong stickiness between China and its trading partners; third, China has institutional advantages and is determined to further deepen reform and expand opening-up to the outside world." Confidence and hope that China will continue to promote high-level opening-up to the outside world, steadily expand institutional opening-up such as rules, regulations, management, standards, etc., share development opportunities with countries around the world, and achieve mutual benefit and common development. The World Trade Organization has recently significantly lowered its global commodity trade forecast, shifting from "steady growth" to "decline", stating that the imposition of tariffs by the United States will have serious consequences and bring continued uncertainty. At present, the US government is recklessly abusing tariff measures, creating huge chaos and high uncertainty worldwide, and disrupting the global economic order and development trend. The good news from China has increased the world's expectations for China. The Canton Fair has become a focal point for global merchants seeking new opportunities. According to the website of Singapore's Lianhe Zaobao, under the circumstance that the United States has significantly increased tariffs, exhibitors at the Canton Fair are looking forward to taking advantage of the exhibition to connect with European, ASEAN, Latin America, the Middle East and other markets, and reduce their dependence on the United States market. The holding of the Consumer Expo has played an increasingly important role in boosting global consumption, providing a window for global consumer goods to enter the Chinese market, and also creating opportunities for Chinese high-quality consumer goods to go global, promoting the supply-demand docking of the global consumer market Xu Xiujun, director and researcher of the Chinese Foreign Comparative Research Department of the Chinese path to modernization Research Institute of the Chinese Academy of Social Sciences, wrote that "the successful holding of the Consumer Expo has built a bridge for exchanges and cooperation between Chinese and foreign enterprises, and created a consumption hub that" buys and sells the world ", which not only demonstrates China's determination to expand high-level opening-up, but also injects confidence into the global economic recovery." The report of France 24 News also emphasizes that China plays an important role in the global trade pattern. The report points out that the European Commission believes that China's importance in balancing global trade capital flows cannot be underestimated. China's capacity adjustments in areas such as steel and photovoltaics will directly affect the asset allocation of European industrial funds. At the same time, the shift of China's trade funds has also created structural opportunities. As a major manufacturing and exporting country in the world, China plays a crucial role in a series of recent trade restructuring, and its policy choices and market trends will directly affect the industrial stability and economic layout of other regions. In recent years, China's contribution to global economic growth has remained at around 30%, making it an important engine for world economic growth. China is a staunch defender and 'stabilizer' of the global multilateral trading system, advocating for inclusive economic globalization and committed to promoting global development through trade. China will continue to promote high-level opening-up to the outside world, steadily expand institutional opening-up in terms of rules, regulations, management, standards, etc., share development opportunities with countries around the world, and achieve mutual benefit and common development. China will also strengthen communication and actively cooperate with relevant international organizations to jointly promote global cooperation He Maochun said, "Of course, we should also do our own things, such as expanding domestic demand, developing the domestic industrial chain supply chain system independently, and making better use of the Internet and AI technology. Only by doing a good job of ourselves can China make better contributions to the world." (La News Agency)
Edit:Yi Yi Responsible editor:Li Nian
Source:people.cn
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