Data Looking at Development | China's Foreign Trade Scale is at a Historical High in the Same Period, with Automobile Exports reaching a New High

CCTV News: On September 7th, multiple data releases were made. Among them, in the first eight months of this year, China's total import and export value was 27.08 trillion yuan, which is at a historical high for the same period. Look at the report of CCTV News.

△ On September 7, CCTV News reported that the total value of China's foreign trade import and export in the first eight months of this year was 27.08 trillion yuan

Overall stable operation of China's foreign trade

On September 7th, the General Administration of Customs announced that the total import and export value of China in the first eight months of this year was 27.08 trillion yuan. Among them, exports reached 15.47 trillion yuan, an increase of 0.8%; Imports reached 11.61 trillion yuan, a decrease of 1.3%. In August, China's imports and exports reached 3.59 trillion yuan, a month on month increase of 3.9%, and the overall monthly import and export trend remained stable.

Regarding this, Lv Daliang, Director of the Statistics and Analysis Department of the General Administration of Customs, explained that in the first eight months of this year, China's imports and exports remained basically unchanged year-on-year. In August, the import and export scale reached nearly 3.6 trillion yuan, an increase of 8.2% compared to the average of the same period from 2020 to 2022. Compared to this year's monthly data and historical data, it is the second highest point, and China's foreign trade operation is generally stable.

Continued optimization of international market layout

China continues to expand its trade scale with emerging markets, and the international market layout with close regional cooperation and diversified trade progress continues to be optimized. According to customs statistics, in the first eight months of this year, China's import and export to 152 "the Belt and Road" countries totaled 12.62 trillion yuan, up 3.6% year on year, accounting for 46.6% of China's foreign trade. Among them, imports and exports to ASEAN reached 4.11 trillion yuan, an increase of 1.6%; Import and export to the five Central Asian countries reached 390.47 billion yuan, an increase of 34.1%.

Lv Daliang, Director of the Department of Statistics and Analysis of the General Administration of Customs, said that since the "the Belt and Road" initiative was put forward, China's "the Belt and Road" partners have continued to increase and practical cooperation in the economic and trade field has continued to deepen. In the first eight months of this year, China's import and export growth rate to the "the Belt and Road" co construction countries was 3.7 percentage points higher than the overall growth rate, and 1.6 percentage points to China's foreign trade.

The import and export scale of private enterprises continues to grow

China's private enterprises continue to leverage their advantages of high operational flexibility and strong market adaptability, continuously expanding their import and export scale, and fully demonstrating their vitality in foreign trade. According to customs statistics, in the first eight months of this year, China's private enterprises imported and exported 14.33 trillion yuan, a year-on-year increase of 6%, accounting for 52.9% of China's imports and exports, and continuing to maintain its position as the largest operating entity in foreign trade.

Lv Daliang, Director of the Statistics and Analysis Department of the General Administration of Customs, stated that in the first eight months of this year, there were 580000 foreign trade entities in China with import and export performance, of which more than 80% were private enterprises. In August, the year-on-year growth rate of exports of household appliances, mobile phones, and automobiles by private enterprises exceeded 20%, and the import volume of energy and mineral products increased by more than 30% year-on-year. The import and export scale of private enterprises has maintained year-on-year and month on month growth.

China's foreign trade shows strong resilience

In the first eight months of this year, China's exports maintained growth. Among them, the export of electromechanical products reached 8.97 trillion yuan, a year-on-year increase of 3.6%, accounting for 58% of China's total export value during the same period; The exports of automobiles and spare parts, ships, and electrical equipment increased by 50.1%, 28%, and 18.6% respectively.

In response, Lv Daliang, Director of the Statistics and Analysis Department of the General Administration of Customs, stated that against the backdrop of sluggish global economic and trade growth, China's exports maintained growth in the first eight months of this year and its international market share remained stable. From the monthly trend, the export scale rebounded to over 2 trillion yuan in July, further expanded in August, and achieved month on month growth for three consecutive months, demonstrating strong resilience.

This year's tax and fee policy focuses on seven aspects

On September 7th, the State Council held a routine policy briefing to introduce the continuation, optimization, and improvement of tax reduction and fee reduction policies, and to promote stable and healthy economic development.

The person in charge of the Ministry of Finance introduced that the tax and fee policies introduced this year mainly focus on seven aspects: "strengthening and optimizing the real economy, promoting income growth and consumption expansion, promoting high-level technological self-reliance and self-reliance, supporting the development of strategic emerging industries, promoting the sustained and healthy development of the capital market, promoting stable foreign trade and foreign investment, and supporting risk prevention and resolution.". At the same time, the person in charge of the State Administration of Taxation stated that from January to July this year, the newly added tax reduction and fee reduction policies as well as tax refunds and deferred fees in China have reached 1.05 trillion yuan.

China's new display industry ranks first in the world in terms of output value

According to statistics from the Ministry of Industry and Information Technology, in 2022, the total output value of China's new display industry exceeded 490 billion yuan, accounting for 36% of the global market and continuing to rank first in the world. The integration of new display products with emerging industries such as 5G communication, artificial intelligence, and the Internet of Things is accelerating, helping various industries accelerate their digital and intelligent transformation.

China's automobile exports hit a historic high

Data shows that from January to July this year, China's automobile exports reached 2.533 million units, a year-on-year increase of 67.9%, reaching a new historical high. Among them, the export growth rate of new energy vehicles exceeded that of traditional fuel vehicles. From January to July, the export growth of new energy vehicles exceeded 1.5 times.

The output value of nuclear technology application in China has reached nearly 700 billion yuan

In recent years, nuclear technology in China has been widely applied in many fields such as safety testing, breeding, and the production of radioactive drugs. As of the end of 2022, the output value of nuclear technology applications in China has reached nearly 700 billion yuan, with an average annual growth rate of over 15%. Among them, industrial application output accounts for over 50%, and medical nuclear technology output accounts for about 20%. It is expected to reach a market size of trillions of yuan by 2025.

China's per capita electricity consumption is nearly 6116 kilowatt hours

According to data, as of the end of July, China's cumulative installed power generation reached 2.74 billion kilowatts this year. Since 2012, the electricity consumption of industrial enterprises above designated size in China has increased from 4.2 trillion kilowatt hours to 8.4 trillion kilowatt hours; The per capita electricity consumption has increased from 3919 kilowatt hours to nearly 6116 kilowatt hours.