男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Foreign trade growth on steady track

By ZHONG NAN | China Daily | Updated: 2024-12-11 09:06
Share
Share - WeChat
A container ship leaves Qingdao Port, Shandong province. [YU FANGPING/FOR CHINA DAILY]

As global demand gains momentum, China's foreign trade is expected to maintain steady growth in the coming months, surpassing the usual seasonal fluctuations observed in previous years, trade experts and exporters said on Tuesday.

The resilience of China's foreign trade sector is supported by favorable global demand and ongoing policy adjustments, positioning it for sustained performance, they said.

China's foreign trade expanded by 4.9 percent year-on-year to 39.79 trillion yuan ($5.5 trillion) in the January-November period, while exports rose 6.7 percent yearly to 23.04 trillion yuan, statistics from the General Administration of Customs showed.

Bai Ming, a member of the Academic Degree Committee at the Chinese Academy of International Trade and Economic Cooperation in Beijing, said exports are expected to continue growing over the coming months due to higher overseas demand and foreign importers rushing to stock up in anticipation of potential tariffs by the United States next year.

China's exports grew by 5.8 percent on a yearly basis in November and its monthly foreign trade values have maintained growth for eight consecutive months, said the administration.

The nation's exports outperformed seasonal trends last month, primarily due to resilient overseas orders, a recovery in electronics demand, and some foreign retailers' increasing imports in advance to avoid the effects of tariffs, said Zhou Maohua, a researcher at China Everbright Bank.

Structurally, China has maintained growth in traditional markets such as the European Union and the US in the past 11 months, while exports to the Association of Southeast Asian Nations and economies participating in the Belt and Road Initiative, Africa and South America continued to show steady growth, said Zhou.

For example, China's foreign trade with the United States and economies involved in the BRI rose 4.2 percent and 6 percent year-on-year, respectively, in the first 11 months.

Lyu Daliang, director of the GAC's department of statistics and analysis, said that private businesses, as key players in technological and industrial innovation, will continue to inject fresh momentum into China's foreign trade growth in the long run.

In the first 11 months, over 150,000 private companies engaged in the foreign trade of high-tech products across China, with their total import and export value jumping 12.9 percent year-on-year, data from the GAC showed.

In the same period, China's exports of electromechanical products grew by 8.4 percent year-on-year to 13.7 trillion yuan, accounting for 59.5 percent of its total exports.

As the external situation is complex and changing, exporters said that they have already begun to expand into emerging markets to mitigate the risks caused by geopolitical tensions, as well as unilateral and protectionist moves.

For instance, tire exports by Chaoyang Longmarch Tyre Co Ltd, a Chaoyang, Liaoning province-based tire manufacturer, grew by 2.5 percent year-on-year to 1.87 billion yuan between January and November, while about half of its products were shipped to markets involved in the BRI, according to information released by Shenyang Customs.

"Emerging markets have a huge demand gap in industrial goods, building materials and energy equipment. With weak local manufacturing and high dependence on imports, these markets provide long-term and stable business opportunities for Chinese companies in these industries," said Jin Yongsheng, the company's board chairman.

Tao Cheng, president of Jiangsu Minglida Technology Co Ltd, an auto parts supplier based in Nantong, Jiangsu province, said that apart from increasing investment in research and development, the company has been actively expanding its customer base and targeting the Latin American markets to strengthen its supply chain.

Jiangsu Minglida's exports of automotive pallets and parts reached 129 million yuan during the January-November period, a year-on-year increase of 105 percent, said Nanjing Customs.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 那坡县| 大邑县| 孙吴县| 卓资县| 邵武市| 松阳县| 宝坻区| 原平市| 淳化县| 青龙| 高雄县| 长顺县| 清远市| 静乐县| 思茅市| 中西区| 富阳市| 华亭县| 承德县| 罗平县| 霍山县| 田东县| 大余县| 即墨市| 如皋市| 曲阜市| 龙岩市| 商城县| 聂荣县| 大冶市| 鞍山市| 钦州市| 遵义县| 尼勒克县| 万载县| 陇西县| 于田县| 焉耆| 仪陇县| 凌云县| 湘乡市|