Amid global headwinds and market volatility, China's foreign trade has displayed strong resilience and shock resistance, according to an analysis by Xue Tianhang, associate researcher at Zhejiang University's Research Center for Regional Coordinated Development and deputy director of its Regional Economic Planning Institute.
Key highlights include:
- Robust trade volume: Total imports and exports climbed to an all-time high of 6.2 trillion USD, marking a 4.5 percent year-on-year increase.
- Tech export surge: High-tech products saw a 7 percent uptick, driven by growing demand for semiconductors and renewable energy equipment.
- Diversified market gains: Emerging economies accounted for more than half of trade growth, underscoring strategic partnerships along the Belt and Road.
- Digital transformation: Cross-border e-commerce transactions expanded by 9 percent as businesses leverage online platforms to reach global consumers.
Xue attributes this performance to diversified supply chains, targeted free trade agreements, and a strong focus on green and digital industries. Despite external shocks ranging from pandemic disruptions to geopolitical tensions, the Chinese foreign trade system has adapted through agile logistics and policy support.
Looking ahead, sustained investment in sustainable manufacturing and deeper engagement with emerging markets are expected to further strengthen export resilience. For young global entrepreneurs and digital nomads, these trends signal fresh opportunities to collaborate with Chinese partners, tap into advanced manufacturing networks, and innovate in cross-border e-commerce.
Reference(s):
China's foreign trade shows strong resilience and shock resistance
cgtn.com
