Excellent structure, fast growth, foreign trade to a new level

According to the National Bureau of Statistics, China's import and export of goods have grown steadily this year, and the trade structure has continued to optimize. In the first three quarters of this year, the total value of China's trade in goods was 32.33 trillion yuan, up 5.3% year-on-year. Among them, the export was 18.62 trillion yuan, up by 6.2% year-on-year; Imports reached 13.71 trillion yuan, up 4.1 percent year on year.

From the perspective of product structure, in the first three quarters, China's exports of mechanical and electrical products were 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%, the export of integrated circuits, automobiles and household appliances increased by 22%, 22.5% and 15.5%, respectively. Innovation has made Chinese manufacturing more widely favored, and the upgrading and optimization of the structure of export products has provided sustained momentum for foreign trade growth. From the perspective of business entities, all types of business entities have maintained a high degree of activity, and private enterprises have performed particularly well. China's private enterprises import and export 17.78 trillion yuan, an increase of 9.4%, accounting for 55% of China's total foreign trade, an increase of 2.1 percentage points. From a regional perspective, China's trade with more than 160 countries and regions has increased, of which, China's imports and exports to countries jointly building the "Belt and Road" are 15.21 trillion yuan, an increase of 6.3%, accounting for 47.1%. China's market diversification has been steadily promoted, and foreign trade has achieved good results in cross-regional and regional markets.

The foreign trade report highlights the advantages of Chinese products in the international market, and plays a positive role in promoting the high-quality development of China's foreign trade. Under the superposition of factors such as changes in international market demand and product replacement, the competitive pressure from the international market is increasing day by day, which also prompts foreign trade enterprises to increase investment in research and development, boost the transformation of results through technological innovation, upgrade the product structure, and accelerate the development of China's advanced manufacturing industry with high-end manufacturing, intelligent manufacturing, and green manufacturing, and become the vanguard of high-level "going out". At present, the number of registered foreign enterprises continues to increase, from January to August this year, the country newly established 36,968 foreign-invested enterprises, an increase of 11.5%. Foreign investment is mainly concentrated in the manufacturing and service industries, and the actual use of foreign investment in high-tech manufacturing accounts for 12.4% of the country's actual use of foreign investment, which reflects China's important role as a driver and pioneer of global innovation, highlighting the continuous integration of high-quality development of China's foreign trade into the global economy. Continuous efforts to enhance China's competitiveness and influence in the global production and supply chain and value chain. It can be predicted that the private economy will continue to become the main force for the high-quality development of China's foreign trade. With the formation of strong competitiveness through scientific and technological innovation, a number of world-class private enterprises with international competitiveness have emerged in the fields of semiconductors and new energy. With their flexible business models and market experience, they have shown strong adaptability and actively participated in international competition. The expansion of the circle of friends in foreign trade has also made us pay more attention to promoting multilateral and regional cooperation, strengthening cross-regional and regional market cooperation and deepening, and giving full play to the role of multilateral mechanisms and regional trade agreements in promoting foreign trade. Stabilizing foreign investment and foreign trade is a long-term strategy, an important factor for China's foreign trade to reach a new level, and a bridge linking China's super-large market with the world market, which can bring considerable growth in global trade and investment.

The high-quality development of China's foreign trade requires us to provide diversified and high-quality products for the world market, but also provide an important driving force for the optimization and upgrading of the world industrial structure and growth. In the future, one is to increase investment in research and development and drive innovation. We will encourage the development of trade in high-quality, high-tech and high value-added products, cultivate new advantages in trade competition, in particular, strengthen original innovation and integrated innovation, promote China's brand products to the world, and let the world share made in China. At the same time, by speeding up the innovation drive, strengthening the general trade, providing more security and stability for the world production and supply chain, and maintaining the smooth operation of the world economy. Second, we will continue to stimulate the vitality of the private economy. Further optimize the environment for the development of the private economy, stimulate the vitality of the private economy, and promote the sustainable, healthy and high-quality development of the private economy. Efforts will be made to support and promote the transformation and upgrading of small and medium-sized enterprises, guide them to focus on their main business, take the path of "specialized and special" internationalization, and improve the international competitiveness of the private economy. Third, expand and optimize the international market layout. On the basis of deepening traditional markets such as developed economies, we will deepen trade cooperation with countries jointly building the Belt and Road, and expand new regional and trans-regional markets. We will steadily expand institutional opening-up, build domestic rules and systems that are consistent with high standards of international economic and trade rules, create a market-oriented and law-based international first-class business environment, and promote better convergence and smooth flow of the "double cycle" of domestic and international markets. We will inject sustained momentum into China's foreign trade, promote high-quality development of foreign trade, and make China's contribution to the development of world economy and trade. (Wang Jinbin)