On August 21st, He Yong, spokesperson for the Ministry of Commerce, stated at the regular press conference that since the beginning of this year, the risks and challenges faced by international economic and trade development have significantly increased. Against such a complex backdrop, China's foreign trade has maintained a stable and progressive trend, with cumulative import and export growth rates gradually recovering month by month. In the first seven months, China achieved a growth rate of 3.5%, with both quantity and quality improving, which is very difficult. The current global economic and trade development still faces great uncertainty. We have confidence and confidence in continuing to promote stable and high-quality foreign trade, and working together with more trading partners to tackle challenges and share development opportunities. He Yongqian stated that there are three supporting factors for the simultaneous increase in China's foreign trade volume and quality. In terms of policy support, since the fourth quarter of last year, multiple rounds of stabilizing foreign trade policies have continued to strengthen policy guarantees around cultivating new drivers of foreign trade, strengthening public services, and helping foreign trade enterprises stabilize orders and employment. Taking finance as an example, in the first seven months, China Export&Credit Insurance Corporation underwrite short-term insurance worth 573.5 billion US dollars, a year-on-year increase of 14.7%; The Export Import Bank has newly invested over 700 billion yuan in foreign trade loans. In terms of diversified cooperation, China continues to expand the space for mutually beneficial cooperation with more trading partners. In the first seven months, China's imports and exports to emerging and other markets increased by 5% year-on-year, accounting for 65.5%, an increase of 0.9 percentage points year-on-year. In terms of releasing momentum, the upward and new momentum of foreign trade has been further consolidated. In the first seven months, China's exports of mechanical and electrical products increased by 9.3% year-on-year, accounting for 60%, an increase of 1.1 percentage points year-on-year. High tech and high value-added products such as smart homes, electric vehicles, industrial robots, and ships maintain a high export growth rate. There are 654000 foreign trade enterprises with import and export performance, of which nearly 90% are private enterprises. He Yongqian stated that multiple international organizations have pointed out that tariff barriers significantly increase global trade costs, seriously affecting the efficiency and stability of the global supply chain, and global trade still faces downward risks. We will always adhere to expanding high-level opening-up to the outside world, firmly handle our own affairs, and respond to various uncertainties with the certainty of high-quality development. (New Society)