sector exhibited exceptional stability and resilience. Zhang Yujing, chairman of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME), noted that despite persistent global economic uncertainties, Chinas long-term growth fundamentals and government policies to stabilize trade are gradually yielding results, with annual import-export performance expected to stabilize and rebound.foreign tradeData from the first eight months highlighted strong exports of household appliances, LCD panels, and machinery like machine tools in emerging markets. CCCME Vice Chairman Shi Yonghong revealedimport and exportpassenger vehicle exports surged in volume and value year-on-year, becoming a pillar of trade growth.

However, challenges persist. Global inflation and rising interest rates dampened demand in Europe and America, impacting exports of mobile phones, integrated circuits, and computers. For example, phone exports fell 10.9% in volume and 13.6% in value during this period.New energyTo address these complexities, CCCME has implemented multiple measures. Beyond stabilizing traditional markets, it deepened engagement in Southeast Asia under RCEP, expanded trade with Belt and Road partners, and explored opportunities in the Middle East, Africa, and Latin America to optimize trade structure.

Additionally, CCCME proposed policy recommendations to support exporters, including order-linked credit mechanisms, improved trade facilitation, tax relief, and loan deferrals for struggling firms, alongside organizing international trade events to foster business connections.

Faced with this series of complex situations, the China Chamber of Commerce for Import and Export of Machinery and Electronic Products has taken a range of actions. While stabilizing traditional markets like Europe and the U.S., it has deepened efforts in Southeast Asian markets, leveraging benefits from the RCEP agreement. The chamber has also played an active role in serving foreign trade by stabilizing scale and optimizing structure through enhancing trade and investment cooperation with countries under the Belt and Road initiative and actively exploring markets in the Middle East, Africa, and Latin America.

Additionally, addressing multiple difficulties and pressures faced by exporting enterprises, the chamber has not only built international exchange platforms for companies and organized various national-level economic and trade events but also proposed a series of recommendations to the government. These include establishing an order-linked credit mechanism, increasing financial support for enterprises with orders, continuing to improve trade facilitation, reducing corporate costs, and implementing preferential policies such as tax relief and deferred loan repayments for struggling enterprises.

With the gradual effects of stable foreign trade policies and comprehensive industrial system support, combined with the proactive actions and timely recommendations of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, Chinas machinery and electronics foreign trade performance this year is highly anticipated. It is expected to gradually stabilize and recover in the future, injecting more vitality into the stable growth of Chinas economy.