The ＂stability＂ of foreign trade reflects China’s economic resilience.

　　Xinhua News Agency, Beijing, September 11th-According to the latest data from the General Administration of Customs, in the first eight months of this year, the total import and export value of China’s goods trade exceeded 20 trillion yuan, up 3.6% year-on-year, continuing the steady development trend. Against the headwinds of unilateralism and protectionism, this foreign trade report card reflects China’s economic resilience.

　　Behind the steady momentum, China’s foreign trade "friends circle" is growing. As the saying goes, many friends make the road easier. China has always kept its doors open for trade. Foreign friends know the quality of products in China and the reputation of businesses in China, and orders are the best proof. The EU is China’s largest trading partner. In the first eight months, China-EU trade totaled 3.15 trillion yuan, up 9.7%. ASEAN, China’s second largest trading partner, has a trade volume of 2.74 trillion yuan in the same period, with a growth rate of 11.7%. With the deepening of the "One Belt, One Road" initiative, China’s foreign trade "friends circle" is becoming more and more diverse.

　　Behind the steady momentum is the continuous optimization of China’s commodity structure and the continuous development of new formats. According to the data of the first eight months, the import and export of general trade accounted for 59.8% of China’s total foreign trade, an increase of 1 percentage point over the same period last year. In contrast, the proportion of traditional processing trade continues to decline. The export of mechanical and electrical products and equipment manufacturing products with higher added value maintained a good growth trend. For example, the export of solar cells increased by 55.7%, and the export of metal processing machine tools increased by 20%. At the same time, the import and export in the form of bonded logistics reached 2.31 trillion yuan, up 9.9%, and various new foreign trade formats competed with each other, which provided stamina for the stability of foreign trade.

　　Behind the steady momentum, China is constantly optimizing the port business environment, reducing taxes and fees to stimulate the vitality of enterprises. We can see that in the first eight months, the import and export of private enterprises reached 8.49 trillion yuan, up by 11.2%, accounting for 42.2% of China’s total foreign trade, up by 2.9 percentage points over the same period last year. It is by continuously pushing forward the "streamline administration, delegate power, strengthen regulation and improve services" reform and promoting fair competition among all kinds of market players that foreign trade players have a steady stream of motivation.

　　The situation is exciting and the challenges are still ahead. As long as we don’t have a chaotic rhythm and concentrate on our own affairs, the general trend of the stable development of China’s foreign trade and the long-term improvement of China’s economy will not change. (Reporter Wang Yuxiao, Liu Hongxia)