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The growth of various data is impressive, and the Chinese economy demonstrates strong resilience and potential

On June 15, CCTV News reported the relevant news of China in the fields of transportation, people's livelihood, network information management and ecological protection. In addition to a number of blockbuster financial data released by the People's Bank of China, as well as the good news of China's foreign trade development, the growth of various data is encouraging, and China's economy shows strong resilience and potential.

In May, China's overall trade in goods remained stable with progress, and the performance met expectations. From an industry perspective, the market demand for consumer electronics, home furnishings, and some high value-added electromechanical products is stable.


Firstly, consumer electronics products have gradually resumed growth after overcoming cyclical lows. According to statistics, global shipments of mobile phones and laptops increased by about 10% and 4% respectively in the first quarter, indicating a significant recovery and recovery momentum.

Secondly, the inventory reduction of home products in major overseas markets has achieved certain results. Furniture, textiles, clothing and other products have a strong drive to replenish inventory, and a series of sports events such as the Olympics have also driven demand for televisions and other products. In May, the export value of home appliances increased by 23.5%.

Thirdly, some high value-added electromechanical products, such as automobiles and ships, have continuously strengthened their competitiveness, with export amounts increasing by 20.3% and 67.7% respectively in May.

Spokesperson of the Ministry of Commerce, He Yadong, stated that the situation facing China's foreign trade development in the second half of the year is still relatively complex, mainly manifested in the unstable growth of external demand, the degree and sustainability of inventory replenishment in major markets that need to be observed, and the increasing interference factors such as geopolitics, trade barriers, and shipping prices. Enterprises still face a lot of uncertainty in accepting and fulfilling orders. The Ministry of Commerce will effectively help enterprises overcome difficulties and make every effort to promote the quality and stability of foreign trade.


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