The General Administration of Customs announced on the 7th that the total value of China's goods trade imports and exports in the first seven months of 2025 was 25.7 trillion yuan, a year-on-year increase of 3.5%, and the growth rate accelerated by 0.6 percentage points compared to the first six months. From the situation in July alone, China's total import and export value of goods trade was 3.91 trillion yuan, an increase of 6.7%. Among them, exports amounted to 2.31 trillion yuan, an increase of 8%; Imports amounted to 1.6 trillion yuan, an increase of 4.8%, marking two consecutive months of growth. Feng Lin, Executive Director of the Research and Development Department of Oriental Jincheng, stated that the performance of foreign trade data in July exceeded the market's general expectations. More diverse trading partners, innovative and high-quality products, and adaptable and innovative foreign trade entities support the upward trend of China's foreign trade. In terms of trading partners, China's imports and exports to ASEAN and the European Union continue to grow. In the first seven months, ASEAN was China's largest trading partner, with a total trade value of 4.29 trillion yuan, an increase of 9.4%, accounting for 16.7% of China's total foreign trade value. The EU is China's second largest trading partner, with a total trade value of 3.35 trillion yuan, an increase of 3.9%, accounting for 13% of China's total foreign trade value. Over the same period, China's imports and exports to countries jointly building the "the Belt and Road" totaled 13.29 trillion yuan, up 5.5%. In terms of products, in the first seven months, China's exports of electromechanical products reached 9.18 trillion yuan, an increase of 9.3%, accounting for 60% of China's total export value. Among them, automatic data processing equipment and its components amounted to 823.62 billion yuan, an increase of 1.1%; Integrated circuits amounted to 778.45 billion yuan, an increase of 21.8%; Automobiles amounted to 513.46 billion yuan, an increase of 10.9%. In terms of foreign trade entities, in the first seven months, the import and export of private enterprises reached 14.68 trillion yuan, an increase of 7.4%, accounting for 57.1% of China's total foreign trade value, an increase of 2.1 percentage points compared to the same period last year. During the same period, the import and export of foreign-invested enterprises reached 7.46 trillion yuan, an increase of 2.6%, accounting for 29% of China's total foreign trade value. It is worth noting that as of July, imports have continued to grow for two consecutive months, and the growth rate has significantly increased compared to June, once again demonstrating the driving effect of expanding domestic demand on imports. The import growth rate in July was significantly higher than the historical level of the same period. ”Zhang Di, Chief Macro Analyst of China Galaxy Securities, stated that the improvement in demand supports the upward trend in imports. According to high-frequency data, the domestic blast furnace operating rate, rebar operating rate, PTA operating rate, cement shipping rate, and automobile tire operating rate in July were all higher than the same period last year. Liu Tao, a senior researcher at Guangkai's Chief Industry Research Institute, said that China's foreign trade has strong resilience, with a competitive advantage in the entire industry chain and high-end manufacturing. Trading partners are becoming increasingly diversified, and trade innovation helps to enhance competitiveness. The meeting of the Political Bureau of the Central Committee of the Communist Party of China held on July 30th emphasized in deploying economic work for the second half of the year, "We need to expand high-level opening up to the outside world, stabilize the basic base of foreign trade and foreign investment, help foreign trade enterprises that have been greatly affected, strengthen financing support, promote the integrated development of domestic and foreign trade, optimize export tax rebate policies, and build high-level open platforms such as free trade pilot zones Liu Tao stated that in terms of stabilizing foreign trade, in addition to a series of policies that have been actively implemented since the beginning of this year, including expanding the scale and coverage of export credit insurance coverage, increasing financing support for foreign trade enterprises, promoting the development of cross-border e-commerce, continuously promoting the construction of overseas smart logistics platforms, and organizing a series of important exhibitions such as the China International Import Expo, Canton Fair, and China International Fair for Trade in Services to help enterprises stabilize orders and expand markets, it is suggested that the Ministry of Finance, Export Import Bank, and other departments can also cooperate to establish a 500 billion yuan foreign trade stabilization development fund, introduce investment from commercial banks, trusts, funds, listed enterprises in the real economy, and other institutions, drive more than 2 trillion yuan of social capital to participate in equity and debt investments, and provide special support for high-quality foreign trade enterprises and upstream and downstream enterprises in the industrial chain in major export provinces, providing them with support. Provide medium to long-term liquidity support. (New Society)