Xinhua News Agency Beijing (Reporter Xie Xiyao) Ministry of Commerce spokesman He Yong said on the 21st that although global economic and trade development still faces great uncertainty, we have the confidence and confidence to continue to promote steady improvement in foreign trade in quantity and quality, and work with more trading partners to meet challenges and share development opportunities.

He Yongqian introduced at a regular press conference held by the Ministry of Commerce that the risks and challenges faced by international economic and trade development have increased significantly. Against the complex background, China's foreign trade has maintained a steady progress trend, and the cumulative import and export growth rate has rebounded month by month, achieving a growth of 3.5% in the first seven months, and the quality and quality are both increasing. It is very difficult. There are several main supporting factors:

From the perspective of policy support, since the fourth quarter of last year, multiple rounds of foreign trade stabilization policies have continued to strengthen policy guarantees around cultivating new momentum for foreign trade, strengthening public services, and helping foreign trade enterprises stabilize orders and employment. Taking finance as an example, in the first seven months, CITIC Insurance Company underwritten US$573.5 billion in short-term insurance, an increase of 14.7% year-on-year; Export-Import Bank of China has newly invested in foreign trade loans of more than RMB 700 billion.

From the perspective of diversified cooperation, in the first seven months, my country's imports and exports to emerging and other markets increased by 5% year-on-year, accounting for 65.5%, an increase of 0.9 percentage points year-on-year. Among them, imports and exports to ASEAN and Africa increased by 9.4% and 17.2% year-on-year, both significantly higher than the overall; imports and exports to countries jointly built the "Belt and Road" increased by 5.5% year-on-year, increasing to 51.7%.

From the release of momentum, my country's mechanical and electrical product exports increased by 9.3% year-on-year in the first seven months, accounting for 60%, an increase of 1.1 percentage points year-on-year. High-tech and high-value-added products such as smart homes, electric vehicles, industrial robots, and ships have maintained a high export growth rate. There are 654,000 foreign trade enterprises with import and export performance, of which nearly 90% are private enterprises.

He Yongqian said that many international organizations have pointed out that tariff barriers significantly increase global trade costs, seriously affecting the efficiency and stability of global production and supply chains, and global trade still faces downward risks. We will always insist on expanding high-level opening up to the outside world, unswervingly do our own business well, and respond to various uncertainties with the certainty of high-quality development.