Foreign trade diversification promotes the vigorous development of my country's foreign trade

According to data released by the National Bureau of Statistics, my country's total import and export of goods reached RMB 3,700.7 billion in October this year, a year-on-year increase of 4.6%; a sharp increase of 3.9 percentage points from the previous month, of which exports increased by 11.2%. In the first ten months, my country's total import and export of goods reached RMB 36,021.9 billion, a year-on-year increase of 5.2%, of which exports increased by 6.7% and imports increased by 3.2%. This significant growth in imports and exports of goods not only reflects my country's steady progress on the road of high-quality development, but also demonstrates the vitality and resilience of my country's foreign trade.

The diversified characteristics of my country's foreign trade methods are also becoming more prominent. At present, new trade methods such as green trade and digital trade are booming in China. According to the information disclosed in the "China Green Trade Development Report 2023", since 2013, China's green trade has continued to grow, with an average annual growth rate of 3.18%, and its share in the world has also increased by 2.3 percentage points.

The continuous optimization of the business environment has provided strong support for investment and import and export growth. Policy support and market vitality are key factors in promoting foreign trade growth, and private and foreign-funded enterprises play a vital role in imports and exports. The Chinese government has introduced a series of policies and measures to stabilize foreign trade, including reducing taxes and fees, optimizing the business environment, and increasing financial support, which have greatly stimulated the development vitality of foreign trade enterprises. On November 8, the State Council Executive Meeting reviewed and approved the "Several Policy Measures on Promoting Stable Growth of Foreign Trade". The Ministry of Commerce stated that it will increase financial support, expand the scale and coverage of export credit insurance, increase financing support for small and medium-sized foreign trade enterprises, and enhance the service guarantee capabilities for enterprises to explore international markets in accordance with the spirit of the meeting. At the same time, the continuously optimized business environment has also injected confidence and vitality into foreign-funded enterprises' investment and operation in China, becoming an important driving force for China's foreign trade growth.

The foreign trade concept of mutual benefit and common development has been deeply rooted in the hearts of the people, injecting strong confidence into China's foreign trade. Although global trade is generally on a downward trend and the impact of geopolitical and security factors on the economy is increasing, my country's foreign trade still maintains positive growth. Especially in the face of severe challenges such as international trade frictions and trade protectionism, we have always adhered to resolving disputes through the World Trade Organization procedures, resolutely safeguarding the rights and interests of Chinese enterprises, and demonstrating strong resilience and risk resistance. At the same time, the implementation of the "Belt and Road" initiative has created more opportunities for trade and investment between China and countries along the route. Through infrastructure cooperation, the industrial chain and supply chain have been optimized, providing enterprises with abundant market space, enhancing exchanges and interactions between Chinese and foreign enterprises, and improving China's competitiveness in global trade. Looking ahead, Chinese enterprises need to further improve their intelligent manufacturing level, form new international competitive advantages, and move towards the middle and high end of the global value chain.

my country's foreign trade has maintained both vitality and resilience in a complex and changing international environment. With diversified trade methods and continuously improved risk resistance, it has laid a solid foundation for foreign trade growth. In the future, we will continue to promote high-quality development of foreign trade, actively participate in global trade cooperation, continue to build an open economy, and contribute to the stabilization and recovery of the global economy.