People's Daily Review: How has China's exports increased against the trend?
Since the beginning of this year, China's goods trade has continued to grow steadily. Exports in the first 10 months reached 22.12 trillion yuan, an increase of 6.2% year-on-year. In the current environment of rising unilateralism and protectionism, China's exports have defied the odds and shown the resilience and vitality of the Chinese economy, injecting stability into global economic and trade development. Why can China's exports grow against the trend? Let's interpret it from five dimensions. The completeness of the industrial chain brings high cost-effectiveness, supporting overall stable orders. The simultaneous booming of emerging markets is an important reason for the counter-trend growth of China's export scale. High-quality "Made in China" contributes to the increase in foreign trade exports. Digitalization reduces transaction costs, and business model innovation improves export efficiency. Policy support provides guarantee for Chinese foreign trade enterprises to tackle challenges.
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