In the past few years, the United States has imposed economic sanctions and blockades on China in various fields, but the plot is always full of twists and turns.
When it is widely believed that Sino US trade will be in a predicament, data shows that China's export trade not only steadily increased in August, but the United States quietly returned to the top of China's export market, bringing a trade surplus of up to 674.4 billion yuan!
Why did the United States turn back to shore? How did the domestic "new three types" win the world's attention?
The United States has made great contributions to the "turning back" and "new three things"
Once upon a time, the United States pursued and blocked our economy with the intention of weakening our international competitiveness. But a dramatic scene unfolded inadvertently, as the United States not only failed to achieve its goal, but also once again became our country's largest export market.
In August, China's total import and export value was 526.27 billion US dollars, a year-on-year increase of 5.2%; The trade surplus is 91.02 billion US dollars (approximately 674.4 billion RMB).
In depth analysis reveals that there are actually multiple economic codes hidden behind this.
The accelerated pace of global economic recovery, especially the strong demand in the domestic market of the United States, has provided vast sales space for Chinese products. The high degree of complementarity between the economies of China and the United States makes trade between the two sides inseparable, and any unilateral blockade and suppression can only be temporary.
With the transformation and upgrading of China's manufacturing industry, especially the rise of high-end manufacturing, the competitiveness of "Made in China" in the international market has significantly improved, winning the favor of more American consumers.
If the expansion of trade surplus is superficial, then the rise of domestic "new three types" is the underlying driving force behind it.
High tech products such as automobiles, ships, and integrated circuits not only represent a new height in China's manufacturing industry, but also indicate a magnificent transformation from a "manufacturing power" to a "manufacturing powerhouse".
Domestic cars, global bestsellers
When it comes to cars made in China, many people's first reaction remains in the impression of being "cheap and low-end", but this is not the case.
According to data from the China Association of Automobile Manufacturers, Chinese car manufacturers exported 2.793 million vehicles overseas in the first half of this year, a year-on-year increase of 31%.
Behind this astonishing growth, fuel vehicles still dominate, but China's new energy vehicles have begun to make a big splash in the international market, with a global market share of 60%. From traditional fuel vehicles to new energy vehicles, Chinese automobile manufacturing has not only successfully upgraded, but also become an important driving force in the global automobile market.
Walking through the streets and alleys of Russia, one in every two cars comes from China. This is not only a recognition of China's automobile manufacturing capabilities, but also a victory for the internationalization strategy of Chinese automobile brands.
The rise of China's automobile exports is not only the result of technological progress, but also a renewed understanding of Chinese manufacturing in the global market. Those once overlooked 'grassroots' car brands are changing the international automotive market landscape through advanced technology, excellent quality, and high cost-effectiveness.
And all of this is one of the important forces driving China's foreign trade surplus.
The leader in the shipbuilding industry, with orders scheduled until 2028
If cars are like "steel giants" on land, then ships are like "mobile castles" on the ocean.
Against the backdrop of the global shipbuilding industry facing the Red Sea crisis, China's shipbuilding industry has risen against the trend, winning over 70% of the world's new shipbuilding orders with outstanding technology and efficient supply chains.
More than 70% of the world's new shipbuilding orders flow to China, further consolidating China's position as a global leader in the shipbuilding industry. In the first eight months of 2024, China's ship export turnover increased by 81% year-on-year, which is not only a quantitative improvement, but also a reflection of China's manufacturing technology strength.
Li Hao, the head of the International Operations Department of China Shipbuilding Corporation (CSSC), introduced that by leveraging its advantages in green environmental protection, it has attracted ship owners from all over the world to place orders with us, and the delivery time has been scheduled for 2027 or even 2028.
Industry insiders point out that the reason why China's ship exports are so popular is not only due to the improvement of quality and price advantages, but also due to China's technological innovation in this field. In the past few decades, China's shipbuilding industry has gradually moved from the stage of "large quantity and low price" to "high quality and high price" through technological innovation and industrial upgrading.
Especially as China's shipbuilding industry maintains rapid development, it has achieved multiple breakthroughs in key processes and equipment, resulting in significant improvements in product performance and reliability. It not only occupies a global market share, but also becomes a technological leader in the international shipbuilding market.
Integrated circuits and the rise of Chinese chips
According to customs statistics, automatic data processing equipment and its components amounted to 683.77 billion yuan in the first half of the year, an increase of 10.3%; Integrated circuits amounted to 542.74 billion yuan, an increase of 25.6%.
This number indicates that China has not only established a firm foothold in this high-end technology field, but has also successfully counterattacked and become an important global chip supplier. This leapfrog growth also makes people sigh: once upon a time, Chinese chips were seen as a "soft spot" and even suffered targeted suppression by the United States.
The rise of China's chip industry is closely related to national policy support and the enhancement of independent innovation capabilities.
The field that was once seen as a "soft spot" has now become one of the highlights of China's exports after several years of effort. The rapid development of the integrated circuit industry has not only injected new impetus into China's manufacturing industry, but also made the global market re-examine China's potential in the high-end technology field.
5. Life and Health, Global Rise
In addition to traditional manufacturing and high-end technology fields, China has also demonstrated strong innovation capabilities and market potential in the emerging field of life and health.
Life and health products represented by oral technology products such as "Taile Hao" are causing a "health storm" worldwide. The core mechanism of this product originates from research conducted by the Harvard Aging Research Center, which shows that through long-term use of such technology, the physiological functions of experimental subjects have been significantly improved, and their healthy lifespan has been extended by 30%.
China's life and health industry has gained increasing attention in the international market due to its price advantage and significant effects. For those who aspire to improve their health, domestic technology products provide a highly cost-effective option.
The rise of this emerging field is another testament to the transformation of Chinese manufacturing from "quantity" to "quality".
The trade surplus is 674.4 billion yuan, and the United States has regained the top spot in China's exports. Behind this figure is the solid pace of China's economic transformation and upgrading, as well as the significant increase in the global influence of Made in China. The transformation of China from a "world factory" to a "global leader in intelligent manufacturing" is a profound change in the country's economic structure transformation and upgrading.
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