On October 26, the Ministry of Commerce held a regular press conference. At the conference, the Ministry of Commerce spokesperson Shu Yuting said that since the beginning of this year, by high inflation, high inventory and other factors, global trade has continued to be in a weak situation.

In the face of multiple risks and challenges, the business system implements the work deployment of stabilizing the scale and optimizing the structure of foreign trade, solidly promotes the implementation of policies to stabilize foreign trade, and the majority of foreign trade enterprises actively innovate and make every effort to stabilize orders and expand the market, and the operation of China’s foreign trade has been stable on the whole.

In terms of scale, the scale of China’s imports and exports has been rising quarter by quarter, and the value of imports and exports in the month of September reaching a new monthly high for the year. From the share, the WTO data show that in the first half of China’s exports of international market share rose steadily to 14.2%, compared with the same period last year, an increase of 0.4 percentage points. As for subject, the first three quarters with import and export results of 597,000 foreign trade enterprises, close to the level of the whole last year. In terms of kinetic energy, advantageous products such as automobiles, ships, lithium batteries, bags and other products maintained a high growth rate, and new cross-border e-commerce business continued to contribute to the increment.

Shu Yuting said that these positive changes are inseparable from the majority from the perseverance and innovation of foreign trade subjects, inseparable from the stabilization and implementation of foreign trade policy, but also show the resilience and vitality of China’s foreign trade. “With the positive factors continue to accumulate, we are confident that the fourth quarter to continue to consolidate the good operating trend, confident to achieve the goal of promoting stability and quality of foreign trade throughout the year.”

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