Food And Agriculture Products
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Apparel, Decors And Fur
Industrial Raw Materials
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Other Categories"China's export pace accelerated significantly in April," reported Reuters and other foreign media recently. Currently, the trade of artificial intelligence-related products in China is booming.
From the stable power supply provided by transformers worldwide to the global expansion of robots, a number of high-tech and high-value-added mechanical and electrical products have taken the lead, highlighting the structural transformation of China's exports from "quantity growth" to "quality improvement".
In the first four months, the export of mechanical and electrical products increased by 17.6% year-on-year, accounting for 63.5% of China's total exports, up by 3.4 percentage points compared with the same period last year. Among them, the exports of electric vehicles, lithium batteries, wind power generating units, etc. increased by 68.1%, 43.2% and 40.7% respectively, and the exports of industrial robots increased by 30%.
In the face of an increasingly complex and severe international environment, China's foreign trade has maintained a good growth momentum, which is inseparable from the proactive actions of business entities.
In the first four months, the total value of imports and exports by private enterprises reached 9.31 trillion yuan, increasing by 15.9% year-on-year, accounting for 57.4% of China's total foreign trade volume, maintaining its position as the largest foreign trade entity in the country. During the same period, the imports and exports of foreign-invested enterprises increased by 15.4%, indicating that China has always been a stable foundation and secure haven for global development, and also an ideal, safe and promising investment destination for foreign investors.
The good growth of foreign trade is also inseparable from the strong market exploration and adaptability. "The rise of emerging markets and the adjustment of traditional markets" has become an important feature of China's current foreign trade partner landscape. In the first four months, despite a 12.9% year-on-year decline in the total value of trade between China and the United States, China's imports and exports to ASEAN, the EU, and Latin America increased by 15.7%, 13.2%, and 15.3% respectively, and imports and exports to South Korea and the United Kingdom increased by 34.3% and 10% respectively. The "circle of win-win cooperation" between China and foreign countries is growing increasingly larger.
What is particularly noteworthy is that the scale of China-Africa trade has reached an all-time high. In the first four months, China's imports and exports to African countries amounted to 885.34 billion yuan, up by 19.4% year-on-year. This represents the first time that the figure has exceeded 800 billion yuan in the historical context. Among them, imports from Africa increased by 11.2%, and have maintained year-on-year growth for eight consecutive months.
"Starting from May 1st, China has fully implemented zero-tariff policies for 53 African countries. As of now, African seasonal agricultural and food products such as apples, oranges, and avocados have been declared for import under the 'zero-tariff' category." Director of the Statistics and Analysis Department of the General Administration of Customs, Lu Dalian, said that China provides new development opportunities for Africa with its huge market size, thereby benefiting the people of both China and Africa even more.
