In the winter of Asian manufacturing exports, China’s foreign trade is rising against the trend

Dec, 06. 2023 | 912 View

 

 

Despite the winter of Asian manufacturing exports, China’s foreign trade is bucking the trend. According to the official release of the first three quarters of Asian countries export statistics, Japan, South Korea, India and other countries exports fell by 10%, and China’s foreign trade turnover not only increased by more than 2 billion yuan, such as Shanghai, Tianjin and other ports are difficult to find a box, queuing and loading phenomenon.
The steady growth of China’s foreign trade exports has benefited from the accelerated transformation of the manufacturing industry in recent years, from manufacturing to “intelligent manufacturing”, which has created a unique advantage of China’s foreign trade. Taking new energy vehicles as an example, China’s new energy vehicles lead the industry in basic attributes such as endurance and safety, and are also in the leading echelon in the autonomous driving sector, which makes some overseas established car companies feel inferior.
In general, China’s foreign trade industry is still performing well in the current international environment, showing strong competitiveness and resilience.