Foreign media is jealous! China's exports to the US have fallen by 21%, but overall exports have grown by 8%. The West should figure out who depends on whom. April's foreign trade data has been released, showing very stable overall performance. China's exports reached 315.6 billion US dollars, growing steadily by 8.1%. If we look at regions, it becomes even more telling. In April, China's exports to the US fell by 21%, but exports to ASEAN surged by 21%, and exports to the EU increased by 8%, as did exports to Japan. Looking at the long-term trend, in the first four months of this year, China's exports reached 8.39 trillion yuan, growing by 7.5%. In other words, the gap left by exports to the US has been filled by other countries and regions. Many Western media outlets are reflecting on the trade war, questioning who depends on whom. Now, China's foreign trade has not been significantly affected, while Western consumers are paying for tariffs. Moreover, this year, China has not only stabilized its foreign trade but also achieved new successes in domestic consumption. Especially with this year's national subsidies, the state has allocated 300 billion yuan to subsidize the public, stimulating consumer enthusiasm with real money. Recently, we released the latest data. By April 27th, including the replacement of old cars, appliances, mobile phones, etc., a total of 720 billion yuan was pulled in sales. Moreover, many retail companies are now actively promoting consumption. For example, during the recent 618 event, e-commerce platforms like Alibaba, JD.com, and Vipshop are more committed than ever. Tmall focuses on official reductions of 15%, JD.com continues last year's full reduction of 200-20, cross-store full reduction strategies, and Vipshop, which specializes in discounts, insists on no need for bundling, with immediate reductions on single items. Many best-selling products are discounted again by 15% on top of existing discounts, including luxury brands such as Burberry, Thelittleblackbag, and Coach, all arranged by Vipshop. People are not spending less; they are just more focused on the cost-effectiveness of goods or services. Both the state and e-commerce platforms have noticed this, which is why they continue to achieve success. Now that domestic consumption is recovering and foreign exports are stabilizing, these two indicators are key to measuring China's economy. This year's GDP growth of 5% is indeed achievable with confidence. Original article: https://www.toutiao.com/article/1831917418461184/ Disclaimer: The article solely represents the author's personal views.