share
 

Nation diversifying market amid global trade volatility

0 Comment(s)Print E-mail chinadaily.com.cn, April 15, 2025
Adjust font size:

China will step up market diversification and reduce reliance on the United States market, as Washington's volatile tariff policy has become a major source of global economic uncertainty, officials and exporters said on Monday.

The US' unwarranted imposition of tariffs has trampled on the legitimate rights of many countries and disrupted normal trade flows, they said, adding that these countries are now seeking to strengthen trade ties elsewhere to reduce their exposure to US-driven volatility.

Speaking at a news conference in Beijing, Wang Lingjun, deputy head of China's General Administration of Customs, said the country will continue working with partners such as the European Union and the Association of Southeast Asian Nations to deepen trade and economic cooperation and oppose the US' hegemonic practices.

Lyu Daliang, director of the GAC's department of statistics and analysis, said that despite a complex and challenging external environment, "the sky won't fall" for China's exports.

According to data released by the GAC on Monday, China's foreign trade recorded a steady performance in the first quarter, with the total goods trade value growing 1.3 percent year-on-year to 10.3 trillion yuan ($1.41 trillion).

"China has made steady progress in diversifying its foreign trade market in recent years, bolstering the development of its trading partners while strengthening its own economic resilience," Lyu said.

Data shows that China's export and import value with countries and regions involved in the Belt and Road Initiative totaled 5.26 trillion yuan in the first quarter, up 2.2 percent year-on-year, while its trade with ASEAN member states soared 7.1 percent year-on-year to 1.71 trillion yuan.

Zhou Mi, a researcher at the Beijing-based Chinese Academy of International Trade and Economic Cooperation, said that in the face of the US' unilateralism and protectionist practices, China has stepped forward with a clear stance and resolute actions to directly respond to and refute the flawed logic and bullying behavior of the US.

China's actions have received support from many of its trading partners for providing greater certainty, space for enhanced international cooperation and the stabilization of global supply chains, Zhou said.

Last week, China and the EU agreed to begin negotiations on electric vehicle pricing commitments and discuss investment cooperation in the automotive industry.

The EU is ready to strengthen communication with China and promote expanded two-way market access, investment and industrial cooperation, according to the Ministry of Commerce.

To mitigate the risks caused by the US' tariff hikes, China's major foreign trade cities, including Dongguan and Shenzhen in Guangdong province, Suzhou in Jiangsu province and Ningbo in Zhejiang province, have introduced policies to develop emerging markets, explore opportunities in domestic sales and cope with global supply chain disruptions.

Echoing China's efforts to enhance global industrial cooperation, Ningbo Corelead Optoelectronics Technology, an electronic equipment manufacturer in Zhejiang, has adopted a global production strategy, manufacturing core components in China and conducting further processing at its overseas plant, according to Ningbo Customs.

"Establishing a production base in Serbia has enabled us to export domestically made core components for assembly and distribute the finished products across Europe, cutting our order fulfillment time by more than 25 days," said Yu Xiongwei, the company's president.

Ningbo Corelead's sales in the European market outperformed those in other regions during the first quarter, Yu added.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: a级毛片100部免费观看| 久久男人av资源网站| a级毛片高清免费视频在线播放| 日本高清视频色wwwwww色| 君子温如玉po| 91精品国产闺蜜国产在线闺蜜| 成人毛片18女人毛片免费视频未| 久久成人国产精品一区二区| 欧美xxxxx高潮喷水| 再深点灬舒服灬太大了网站| 色综合色综合色综合色综合网 | 91东航翘臀女神在线播放| 夭天干天天做天天免费看| 久久综合色之久久综合| 真实国产乱视频国语| 国产无套粉嫩白浆在线| 一区三区三区不卡| 成在线人免费无码高潮喷水| 久久久久无码精品国产H动漫| 日韩精品无码中文字幕一区二区| 人人爽天天碰天天躁夜夜躁| 精品无码中文视频在线观看| 国产成人无码精品久久久免费| a成人毛片免费观看| 婷婷五月综合激情| 三上悠亚日韩精品| 日韩大片观看网址| 乱人伦人妻中文字幕无码| 激情偷乱人伦小说视频在线| 国产一区二区在线视频| 韩国理论福利片午夜| 国产成人tv在线观看| 91精品国产免费久久国语蜜臀| 欧美人与物另类| 粗大黑硬长爽猛欧美视频| 日本精品卡一卡2卡三卡| 亚洲一区二区三区免费视频| 欧美人与物另类| 亚洲专区在线视频| 桃子视频在线观看高清免费视频| 亚洲乱码一二三四区乱码|