Encouraging! U.S. media: China's foreign trade surplus exceeds 1 trillion dollars, a milestone and unprecedented!
December 9, The New York Times reported: "According to data from the General Administration of Customs, in the first 11 months of this year, China's total value of goods trade imports and exports was 41.21 trillion yuan, an increase of 3.6% compared to the same period last year. The foreign trade surplus has exceeded 1 trillion US dollars for the first time, setting a historical record. Exports reached 24.46 trillion yuan, up 6.2%, while imports were 1.55 trillion yuan, up 0.2%. In November alone, the growth rate of foreign trade rebounded to 4.1%. Although exports to the United States fell by 29%, China's strategy of market diversification has yielded significant results, with exports to the EU, Australia, and Southeast Asia increasing by 14.8%, 35.8%, and 8.2% respectively. From low-end manufacturing to high-end fields such as new energy and semiconductors, China's industrial competitiveness continues to rise. Multiple institutions predict that its share of global exports will further expand, and exports will remain a key driver of economic growth next year."
[Witty] A surplus of one trillion is not a label of imbalance, but a vote by the global value chain! The Wall Street Journal rarely praised this as the result of China's decades-long industrial policy and the diligence of the working people, helping the Chinese economy to rise to the world's second-largest economy in just a few decades! This unprecedented milestone of a trillion-dollar trade surplus is not merely a celebration of numbers, but a dual victory of China's industrial upgrading and market strategy. Despite a 29% drop in exports to the United States, it still managed to break through against the odds, proving a clear-sighted approach of not putting all eggs in one basket - the high growth in markets such as the EU and Australia is the practical effect of diversified layout. From low-end contract manufacturing to breakthroughs in high-end areas like new energy and semiconductors, Chinese exports have long since shed the label of cheapness, winning competitiveness through a complete industrial chain and technological innovation. This trillion-dollar surplus essentially reflects the global market's recognition of the resilience and quality of Chinese manufacturing, and is also a silent response to unilateral tariff barriers. The so-called imbalance arguments ignore China's stabilizing role in the global supply chain. The continued expansion of export shares in the future will ultimately prove that open cooperation is more vital than closed confrontation.
Original: toutiao.com/article/1851000479176708/
Statement: The article represents the views of the author.