Sharing China-Made with Global Customers
China's imports and exports totaled 37.96 trillion yuan in the first 11 months of this year, unchanged from the same period last year, according to data released by the General Administration of Customs. Entering the fourth quarter, China's foreign trade development of positive factors continue to increase, imports and exports for two consecutive months of year-on-year growth, stable to good development trend continued to consolidate.
Foreign trade is one of the important driving forces of economic growth. Promoting the steady scale and excellent structure of foreign trade plays an important role in supporting steady growth and employment, building a new development pattern, and promoting high-quality development. Although facing challenges such as continued weakness in global trade, under the strong leadership of the Party Central Committee, the government and relevant departments have implemented a series of powerful measures, foreign trade enterprises to stabilize the order expansion market, China's foreign trade operation is generally stable, and the foundation for achieving the goal of promoting stability and improving quality of foreign trade throughout the year is becoming more solid.
The implementation of a combination of policies to stabilize foreign trade has a solid basis. In April this year, The General Office of the State Council issued the Opinions on Promoting a Steady Scale and Excellent Structure of Foreign Trade, which clearly defined policies and measures to strengthen trade promotion and market expansion, stabilize and expand the import and export scale of key products, increase fiscal and financial support, accelerate the innovation and development of foreign trade, and optimize the environment for foreign trade development, and encouraged local governments to introduce supporting policies according to local conditions. We will enhance policy synergies. All localities and departments earnestly implement the decisions and arrangements of the Party Central Committee and The State Council, strengthen organization, coordination and service guarantee, guide enterprises to further explore the market, increase import and export credit support, continue to consolidate and stabilize the positive factors of foreign trade, and escort the growth of foreign trade.
The structure of foreign trade has continued to improve, and new growth drivers have boosted high-quality development. In the first 11 months of this year, China exported 12.66 trillion yuan of mechanical and electrical products, an increase of 2.8%, accounting for 58.6% of the total export value. Among them, the export of automobiles was 652.92 billion yuan, up by 79.6%; The export of mobile phones was 885.25 billion yuan, up by 3.3%; Lithium-ion batteries, solar cells and other products are also very bright exports... This shows that Chinese manufacturing stands out with new technologies and new processes, its international trade competitiveness continues to increase, its export advantage continues to consolidate, and it has won the favor of the global market. Behind this, it also implies that China's manufacturing is firmly moving forward with the goal of anchoring high-quality development, the supply chain and industrial chain of China's manufacturing have made great strides, and the comprehensive competitive advantage of China's manufacturing has continued to emerge, all of which strongly supports China's real economy to move towards a bright future.
Private enterprises are full of vitality and continue to maintain their position as the main force of foreign trade. In the first 11 months of this year, China's private enterprises imported and exported 20.24 trillion yuan, an increase of 6.1%, accounting for 53.3% of the total value of China's imports and exports, 3.1 percentage points higher than the same period last year. On the one hand, it shows that private enterprises take the initiative to seek new progress, actively respond to difficulties, constantly improve their own competitiveness, and strive to develop and adapt to the global market; On the other hand, it reflects that the government and relevant departments continue to optimize the business environment, strengthen policy and financial support, and serve the high-quality development of private enterprises. Private enterprises have made great contributions to foreign trade import and export, helping China's foreign trade growth to maintain a good momentum.
Thanks to the combined efforts of macro policies and targeted measures, China's foreign trade continued to stabilize despite the pressure. The annual target of promoting stability and improving quality in foreign trade is expected to be achieved. China's foreign trade will surely ride the tide of the world economy and play an important and positive role in the recovery of global trade.
