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32.33 trillion yuan, an increase of 5.3% year-on-year From the first three quarters of foreign trade data to see the highlights of China's economic development

On the afternoon of October 14, the Information Office of the State Council held a press conference, and the relevant person in charge of the General Administration of Customs introduced that in the first three quarters of this year, the overall economic operation was stable and progressive, the import and export of goods grew steadily, and the foreign trade structure continued to be optimized.

According to customs statistics, in the first three quarters of this year, the mainland's imports and exports were 32.33 trillion yuan, a year-on-year increase of 5.3%; Among them, exports were 18.62 trillion yuan, an increase of 6.2%; imports were 13.71 trillion yuan, an increase of 4.1 percent.

32.33 trillion yuan, an increase of 5.3% year-on-year From the first three quarters of foreign trade data to see the highlights of China's economic development

In the first three quarters, the same period in history exceeded 32 trillion yuan for the first time, and the imports and exports in each quarter were 10.15 trillion yuan, 11 trillion yuan, and 11.17 trillion yuan respectively, all exceeding 10 trillion yuan, which was also the first time in the same period in history.

32.33 trillion yuan, an increase of 5.3% year-on-year From the first three quarters of foreign trade data to see the highlights of China's economic development

Tu Xinquan, dean of the China Institute of World Trade Organization at the University of International Business and Economics, said: "This year's foreign trade performance is still very bright, and the total import and export volume in the first three quarters has exceeded 10 trillion yuan, showing the strong growth momentum of the mainland's foreign trade." The most fundamental factor behind this is the overall improvement of the mainland's international trade competitiveness, and our competitiveness comes from a highly complete manufacturing supply chain, huge economies of scale and rapid technological progress. Although the current world economic situation is turbulent and there are many unfavorable factors, strong international competitiveness is the foundation and guarantee for the continuous expansion of mainland products in the world market. ”

32.33 trillion yuan, an increase of 5.3% year-on-year From the first three quarters of foreign trade data to see the highlights of China's economic development

In the past two days, a large liquefied natural gas (LNG) carrier under construction of the Dalian shipping company docked at the berth, and nearly 1,000 workers were outfitting the ship. On the other side of the terminal, an LNG dual-fuel container ship is making final commissioning before delivery. Powered by both natural gas and fuel oil, the offshore jumbo is capable of reducing carbon emissions by more than 20% and sulfur oxide emissions by 100%.

32.33 trillion yuan, an increase of 5.3% year-on-year From the first three quarters of foreign trade data to see the highlights of China's economic development

Since the beginning of this year, in the context of the decarbonization transformation of the shipping industry, shipbuilding enterprises in Liaoning are promoting the transformation and upgrading of mainstream products, actively providing green, safe and intelligent green ships to the world, and the number of product deliveries has increased significantly. In the first eight months of this year, shipping enterprises in Dalian exported a total of 12.11 billion yuan worth of various types of ships, a year-on-year increase of 31.3%.

The steady growth of imports and exports depends on both supply and demand

The foreign trade data released on the 14th showed that the first three quarters of the mainland's import and export maintained steady growth, a reporter asked what are the main factors driving growth, the relevant person in charge of the General Administration of Customs introduced, the mainland's import and export can maintain stable growth depends on both supply and demand.

On the demand side, from an international point of view, the latest WTO report has raised its forecast for the growth rate of trade in goods for the whole year, and the World Bank, the OECD and other institutions believe that the global economy is stabilizing, and the recovery of external demand has created favorable conditions for mainland exports. In the first three quarters, the mainland's exports to traditional markets such as Europe, the United States and Japan increased by 4.2 percent, and exports to emerging markets such as ASEAN and Latin America increased by 12.3 percent and 13.7 percent respectively.

32.33 trillion yuan, an increase of 5.3% year-on-year From the first three quarters of foreign trade data to see the highlights of China's economic development

Domestically, since the beginning of this year, the mainland's industrial production has grown steadily, driving the imports of coal, natural gas, and iron ore to increase by 11.9 percent, 13 percent, and 4.9 percent respectively in the first three quarters. With the cyclical upward trend of the consumer electronics industry, imports of semiconductor manufacturing equipment, integrated circuits, and flat panel display modules have all achieved double-digit growth. The consumer market continued to grow steadily, with imports of consumer goods such as special fruits, wine, and clothing increasing by 7.1%, 28.9%, and 6.1% respectively, effectively meeting the diversified domestic consumer demand.

32.33 trillion yuan, an increase of 5.3% year-on-year From the first three quarters of foreign trade data to see the highlights of China's economic development

From the supply side. At present, the mainland is accelerating the development of new quality productivity, and the trend of high-end, intelligent and green manufacturing is very obvious.

In the first three quarters, the mainland's exports of high-end equipment increased by more than 40%.

At the press conference, the person in charge of the General Administration of Customs introduced that the mainland is currently accelerating the development of new quality productivity, and the trend of high-end, intelligent and green manufacturing industry is obvious.

32.33 trillion yuan, an increase of 5.3% year-on-year From the first three quarters of foreign trade data to see the highlights of China's economic development

Customs statistics show that in the first three quarters of this year, the structure of mainland export products was optimized, and the export of high-end equipment increased by more than 4%. The export of mechanical and electrical products was 11.03 trillion yuan, an increase of 8%, accounting for 59.3% of the total export value. Among them, the export of high-end equipment increased by 43.4%, and the export of integrated circuits, automobiles and household appliances increased by 22%, 22.5% and 15.5% respectively. In addition, the export of traditional labor-intensive products was 3.13 trillion yuan, an increase of 2.8 percent.

The main body of foreign trade operation remained active, and the private enterprises grew rapidly

Statistics released by the General Administration of Customs show that in the first three quarters of this year, various business entities on the mainland remained active, and private enterprises achieved rapid growth. Taking Jiangsu, which has the largest manufacturing cluster in the country, as an example, relying on the complementary advantages of industrial structure with overseas countries, foreign trade enterprises keep an eye on the trend of the global industrial chain and supply chain, and continue to improve the export of high-tech products.

Since the beginning of this year, Jiangsu has continuously strengthened the deep integration of scientific and technological innovation and industrial innovation, and the export contribution of high-tech products has continued to increase, with the export of high-tech products exceeding 860 billion yuan in the first nine months, a year-on-year increase of about 10%.

32.33 trillion yuan, an increase of 5.3% year-on-year From the first three quarters of foreign trade data to see the highlights of China's economic development

In recent years, the private economy has made remarkable achievements, and the scale of import and export has reached new highs. Not only that, private enterprises have also become a new force leading innovation and creation, and are the largest import and export body of high-tech products in the mainland.

According to customs statistics, in the first three quarters of this year, the import and export of private enterprises on the mainland was 17.78 trillion yuan, an increase of 9.4 percent, accounting for 55 percent of the total foreign trade value, an increase of 2.1 percentage points, and the import and export of foreign-invested enterprises was 9.53 trillion yuan, an increase of 1.1 percent, an increase of two consecutive quarters. The import and export of state-owned enterprises was 4.95 trillion yuan, an increase of 0.1 percent.

32.33 trillion yuan, an increase of 5.3% year-on-year From the first three quarters of foreign trade data to see the highlights of China's economic development

Tu Xinquan, dean of the China Institute of World Trade Organization Studies at the University of International Business and Economics, said: "Private enterprises have been playing the role of the main force in the mainland's foreign trade for many years. I think this is mainly due to the continuous deepening of the mainland's reform and opening up, and the continuous improvement of the market economic system has created an increasingly optimized business environment for the development of private enterprises, and the continuous expansion of opening up to the outside world has helped private enterprises to better learn, digest, and absorb the world's most advanced technology and experience, and to keep up with or even partially lead the latest trend of world industrial development. Foreign-funded enterprises continue to play an irreplaceable role in the mainland's economic development and international exchanges, and opening up is not only a national policy that we adhere to, but also a concept that we firmly believe. China will continue to expand its opening-up and welcome foreign-funded enterprises to participate in the construction of Chinese-style modernization and share China's development opportunities. ”

Trade with more than 160 countries and regions around the world has grown

According to the data released by the General Administration of Customs on the 14th, in the first three quarters of this year, the import and export of foreign trade between the mainland and major trading partners maintained a growth momentum, and the layout of the international market with close regional cooperation and diversification continued to be optimized.

In the past two days, workers in this food production company in Yunnan have been busy packing a batch of 850-kilogram bags of cross-bridge rice noodles, which will be exported to United Kingdom after passing customs inspection.

32.33 trillion yuan, an increase of 5.3% year-on-year From the first three quarters of foreign trade data to see the highlights of China's economic development

Cross-bridge rice noodles are local traditional snacks, which carry the unique food culture and historical heritage of Yunnan after processing and upgrading, and gradually "go out of the circle" to the world.

With the help of efficient customs clearance and other measures, from January to August this year, Yunnan Province's exports of ready-to-eat and fast-ripening products increased by 28.7% year-on-year, and the export value increased by 23.8% year-on-year.

32.33 trillion yuan, an increase of 5.3% year-on-year From the first three quarters of foreign trade data to see the highlights of China's economic development

Customs statistics show that in the first three quarters of this year, the diversification of the mainland market has been steadily promoted, and trade with more than 160 countries and regions around the world has increased. The import and export of the Belt and Road countries was 15.21 trillion yuan, an increase of 6.3 percent, accounting for 47.1 percent. imports and exports to other RCEP member countries were 9.63 trillion yuan, an increase of 4.5 percent, of which imports and exports to ASEAN were 5.09 trillion yuan, an increase of 9.4 percent. In the same period, imports and exports to the European Union and United States were 4.18 trillion yuan and 3.59 trillion yuan respectively, an increase of 0.9% and 4.2% respectively.

32.33 trillion yuan, an increase of 5.3% year-on-year From the first three quarters of foreign trade data to see the highlights of China's economic development

Tu Xinquan, dean of the China Institute of World Trade Organization Research at the University of International Business and Economics, said: "The diversification of the mainland's foreign trade market has continued to make new progress, and while consolidating the traditional market, it has occupied an increasing share in emerging markets. This is the result of the concerted efforts of the mainland government and enterprises. On the one hand, the mainland government has actively signed various trade agreements with trading partners to explore the Belt and Road market and expand its circle of friends. On the other hand, mainland enterprises have a strong sense of pioneering, active market strategies, and are constantly developing emerging markets, so that the mainland's competitive advantage in foreign trade can be brought into full play. ”

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