General Administration of Customs: China's total import and export of goods increased by 6% in the first eight months

In terms of trading methods, general trade import and export continue to dominate, with 8 trillion yuan in the first eight months, an increase of 18.46 trillion yuan, an increase of 4.6% ，accounting for 64.6% of the total foreign trade value. This shows that China's foreign trade structure is constantly being optimized, and the competitiveness of domestic enterprises is continuously improving. At the same time, processing trade import and export also maintained stable growth, reaching 5.04 trillion yuan, an increase of 4.1% ，showing China's solid position in the global industrial chain.

In terms of trading partners, ASEAN continues to be China's largest trading partner, with bilateral trade totaling 4.5 trillion yuan, a year-on-year increase of 10%, accounting for 15.7% of China's total foreign trade. The European Union and the United States ranked second and third respectively, with a trade value of 3.72 trillion yuan and 3.15 trillion yuan respectively, both showing positive growth. In addition, trade between China and South Korea has become increasingly close, with a trade value reaching 1.51 trillion yuan, an increase of 8%. Furthermore, China's total import and export volume with countries participating in the Belt and Road Initiative reached 13.48 trillion yuan, an increase of 7%, demonstrating the effectiveness of China's diversified foreign trade strategy.
From the perspective of enterprise type, private enterprises have become an important force driving the growth of China's foreign trade. In the first eight months, the total import and export value reached 15.74 trillion yuan, a year-on-year increase of 10.5%, accounting for 55.1% of the total foreign trade value, an increase of 2.3 percentage points compared to the same period last year. This shows that private enterprises are playing an increasingly important role in China's foreign trade. At the same time, foreign-invested enterprises' import and export also maintained stable growth, reaching 8.4 trillion yuan, accounting for 29.4% of the total foreign trade value.
In terms of export commodity structure, electromechanical products continue to dominate, with a total export value of 9.72 trillion yuan in the first eight months, accounting for 59.1% of the total export value, and a year-on-year increase of 8.8%. Among them, the export of high-tech products such as automatic data processing equipment and its components, integrated circuits, and automobiles has increased significantly, showing the continuous optimization and upgrading of China's export structure.
Regarding the future foreign trade situation, many experts have expressed optimism. They believe that driven by multiple factors such as the low-base effect, relatively stable external demand, continued improvement in export structure, and the accelerated implementation of export support policies, China's exports are still expected to maintain rapid growth. At the same time, the recovery of domestic demand, the return of the supply chain, and policy support for new high-quality productivity will also provide strong support for import growth.

However, experts also warn that the complexity and severity of the current external environment are increasing, and the foreign trade sector faces many challenges. Geopolitical tensions, increased trade restrictions, and intensified competition among national industrial policies may have a significant negative impact on China's foreign trade. Therefore, achieving the goal of high-quality and stable growth in foreign trade for the whole year still requires continued efforts in the second half of the year. The Ministry of Commerce has stated that it will take a series of measures to help enterprises actively respond to unreasonable trade restrictions, explore international markets, enhance the comprehensive competitiveness of foreign trade, and deepen mutually beneficial cooperation with trading partners to jointly maintain the stability and smooth flow of the global industrial chain and supply chain.

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Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance

Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance

On March 3, Wang Yongqing, Vice President of Xiamen CNOOC Group, visited Tongzhou Group for investigation and guidance. Wei Gangmin, Chairman of our company; Huang Hongyu, President; Li Tao, Vice President; and Zhang Zhiyan, Director of the General Office, met with and participated in a symposium.

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Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance
Tongzhou Cotton Market Brief, Week 1 of March 2025

Tongzhou Cotton Market Brief, Week 1 of March 2025

1) This week's National People's Congress and the Chinese People's Political Consultative Conference (NPC & CPPCC) in China boosted market expectations for steady growth. In February, the Purchasing Managers' Index (PMI) for manufacturing stood at 50.2%, up 1.1 percentage points from the previous month, indicating a significant improvement in the manufacturing sector.

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Tongzhou Cotton Market Brief, Week 1 of March 2025
In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.

In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.

In 2024, China's dyeing industry saw rapid export growth to ASEAN and RCEP member countries, exceeding the overall export growth rate. However, this growth was accompanied by a decline in prices. From January to December, China's exports of eight major dyeing products to ASEAN totaled 7.908 billion meters, a year-on-year increase of 12.14%, 4.61 percentage points higher than the overall export growth rate, accounting for 23.58% of total exports. The average export price was US\$1.19 per meter, a year-on-year decrease of 2.75%, 0.64 percentage points lower than the overall decline. Exports to RCEP member countries totaled 8.431 billion meters, a year-on-year increase of 11.35%, 3.82 percentage points higher than the overall export growth rate. The average export price was US\$1.17 per meter, a year-on-year decrease of 2.79%, 0.60 percentage points lower than the overall decline.

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In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.
President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

On February 28, Mr. Huang Hongyu, President of our company, was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference and, as a guest speaker at the "Xiangshan Roundtable," shared his views on the cotton market and trading opportunities.

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President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

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