Home » Various efforts have been made to boost China’s economic stability and progress. The foreign trade field has good momentum and promising prospects_Guangming.com

Various efforts have been made to boost China’s economic stability and progress. The foreign trade field has good momentum and promising prospects_Guangming.com

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CCTV News: China’s Import and Export Trade Reaches Historic Milestone in First Quarter

On April 12, the State Council Information Office held a press conference where the General Administration of Customs announced that China’s import and export of goods trade exceeded 10 trillion yuan for the first time in history during the first quarter of this year.

According to customs statistics, the total import and export value of goods trade in China during the first quarter was 10.17 trillion yuan, with exports amounting to 5.74 trillion yuan and imports at 4.43 trillion yuan. This marked a 5% year-on-year increase and the growth rate hit a new high in six quarters.

In terms of exports, China’s traditional fields and new business formats performed well, with exports of mechanical and electrical products at 3.39 trillion yuan, an increase of 6.8%. On the import side, China saw an increase in imports of bulk commodities and mechanical and electrical products, among others.

The report also highlighted the important role of private enterprises in driving China’s foreign trade. Private enterprises imported and exported 5.53 trillion yuan in the first quarter, accounting for 54.3% of the total import and export value.

Additionally, the China International Consumer Goods Expo is set to take place in Hainan Province from April 13 to 18, with more than 4,000 brands from 71 countries and regions participating. The expo aims to promote consumer goods trade and innovation.

In the realm of space exploration, China announced the success of the Queqiao-2 relay satellite mission, which will provide relay communication services for lunar exploration projects.

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Lastly, preparations for the 15th National Games, which will be jointly hosted by Guangdong, Hong Kong, and Macao in 2025, have entered a stage of comprehensive advancement.

The first quarter also saw improvements in financial support for the real economy, with efforts to promote the high-quality development of the capital market. Additionally, a campaign addressing the root causes of production safety has made progress in identifying and rectifying major accident hazards.

As China continues to enhance its import and export capabilities and explore advancements in various sectors, the country remains focused on promoting economic growth and innovation on the global stage.

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