On the 7th, the General Administration of Customs released China's first 10 months of foreign trade "report card": the total value of imports and exports 34.62 trillion yuan, an increase of 9.5%. From a cumulative perspective, in yuan terms, the growth rate of imports and the first three quarters of the same, exports fell slightly. Insiders believe that the severe and complex external environment, China's foreign trade, although facing certain pressure, but the resilience is not reduced.

Stabilization of foreign trade is of great significance to stabilize the economy. General Administration of Customs Statistics and Analysis Division Director Li Kuiwen said that the first 10 months close to 10% year-on-year growth rate, indicating that China's foreign trade has withstood the impact of multiple factors beyond expectations, the scale, quality and efficiency of simultaneous improvement.

Zhang Yu, deputy director of the International Economic and Trade Research Office of the Institute of Financial and Strategic Studies of the Chinese Academy of Social Sciences, believes that in the face of international geopolitical conflicts and the new crown pneumonia epidemic and other adverse effects, combined with China's foreign trade last year to maintain a high level of operation, the first 10 months of this year, import and export can maintain stable growth is not easy. This is inseparable from the stabilization of the economic package of policies and successive measures on the ground to show results, but also with China's foreign trade structure and regional layout continued to optimize inseparable.

--The ever-widening international "circle of friends" is an important reason. The first 10 months, China and ASEAN, the European Union, the United States and other major trading partners have maintained good economic and trade relations. Among them, the total value of trade with ASEAN is 5.26 trillion yuan, an increase of 15.8%, accounting for 15.2% of China's total foreign trade value, ASEAN as China's largest trading partner to further consolidate the status.

Especially noteworthy is that, during the same period, China's trade with countries along the "Belt and Road" has grown significantly: the total import and export 11.23 trillion yuan, an increase of 20.9%, year-on-year growth rate of 11.4 percentage points higher than the overall growth rate of national foreign trade, pulling the overall import and export growth of 6.1 percentage points.

--The main driving force is the increased vitality of foreign trade operators. In the first 10 months, private enterprises import and export increased by 14.4% year-on-year, accounting for 50.4% of China's total foreign trade value, an increase of 2.2 percentage points over the same period last year. Among them, the number of private enterprises with actual import and export performance 484,800, an increase of 7.4% year-on-year.

Zhang Yu believes that since this year, a series of policies and measures to help enterprises to alleviate their difficulties and protect the main body of the market have been introduced to strongly stimulate the vitality of foreign trade enterprises, cross-border e-commerce, market procurement trade mode and other new business model development has also become a positive factor in the stable operation of foreign trade.

Recently, Qingdao cross-border e-commerce industrial park in Qingdao West Coast New Area is busy, workers are stepping up the preparation and allocation of goods.

"This year, enterprises are preparing goods a little earlier than in previous years." Wang Zhenpeng, head of Section 6, Supervision Section, Huangdao Customs Port Supervision Division under Qingdao Customs, said, "Most of the promotions and pre-sales of major platforms have started since the end of October. According to the experience of previous years, the 'Double Eleven' period is the peak of e-commerce sales. We have taken a series of initiatives to fully respond to the significant increase in sales of cross-border e-commerce goods."

-- The competitiveness of high value-added, high-tech products is also emerging. In the first 10 months, China's exports of mechanical and electrical products 11.25 trillion yuan, an increase of 9.6% year-on-year, accounting for 57.1% of the total export value. Among them, electric passenger cars, lithium batteries, solar cells and other exports grew 116.2%, 87.1% and 78.6% respectively.

Li Kuiwen said, electric passenger car exports doubled, lithium batteries, solar cells and other mechanical and electrical products exports grew by about 80%, reflecting the upgrading and optimization of China's export structure.

At the same time also need to see, by the weak external demand, the RMB exchange rate fluctuations and other multiple factors, according to the U.S. dollar, the total value of China's imports and exports in October fell 0.4% year-on-year, the slowdown in foreign trade growth. With the world economy and global trade growth momentum weakened, the development of foreign trade is facing some new uncertainties, but also make some market players expect to turn weak.

Looking ahead to the fourth quarter, the Ministry of Commerce spokesman Jue Ting bundle, said that there are many difficulties and challenges to stabilize the basic foreign trade, China's foreign trade stable growth still has many favorable conditions. A comprehensive view, China's foreign trade has a good industrial base, foreign trade enterprises to perform, innovation capabilities continue to grow, and trade with the global market more closely. "We will strive to keep foreign trade running in a reasonable range, to achieve the goal of maintaining stability and quality throughout the year, and continue to make positive contributions to the national economy recovery to the good."