High-tech products have become a new business card for exports, and China’s foreign trade has a stronger APEC background

From November 18th to 19th, the 33rd Asia-Pacific Economic Cooperation (APEC) Leaders’ Informal Meeting will be held in Shenzhen, China.

Trade exchanges between China and APEC economies continue to deepen, and the structure is constantly optimized. Today's APEC has "numbers". Judging from the data: How strong is the background of APEC in China's foreign trade?

Let’s look at a number first: 60.3%.

What is this concept? In the first three quarters of this year, for every 100 yuan of China's foreign trade imports and exports, 60.3 yuan came from APEC economies, which was significantly higher than the level of 57.8 yuan in the same period last year.

Of greater concern are structural changes. In the first three quarters, China's import and export of high-tech products to APEC economies increased by 50.3% year-on-year, contributing nearly half of the increase in trade between my country and other APEC economies.

There are so many high-tech products sold, which ones are the most eye-catching?

Intelligent bionic robots continue to enter the international market, and China's top three exports to APEC economies are the United States, Japan, and South Korea. In this regard, APEC economies account for more than 60% of China's total exports to the world.

Exports of solar cells continue to grow rapidly this year, especially exports to Indonesia, which increased by nearly 1.5 times.

Look at the cars driving on the streets of Australia. Today, Chinese new energy vehicles have a growing market share in Australia and are widely welcomed locally.

High-tech manufacturing is becoming my country's new business card for exports to the Asia-Pacific. In the first three quarters of this year, the value of China's high-tech products exported to APEC economies increased by 58.2% year-on-year. On the import side, the growth rate of this data also reached 51.8%. The more China buys, the more high-end it becomes. Among them, integrated circuits have grown by more than two-thirds year-on-year, and solid-state drives have increased by more than twice. High-tech products are constantly coming to China.

The Asia-Pacific contributes about half of the world's international trade volume. As the core engine of global economic growth, the Asia-Pacific is injecting valuable deterministic power into the improvement and upgrading of the global economy.