China's economy has demonstrated resilience in 2025, with overall foreign trade expanding by 2.4% in the first seven months despite a 12% decline in trade with the US, highlighting diversification efforts.

Trade with ASEAN, Latin America, Africa, and Belt and Road countries has grown significantly, reducing dependence on the US and supporting China's trade stability.

New policies, including electronic records for processing trade and port modernization, have facilitated production planning, exemplified by Jiangsu Rainbow Industrial Equipment's tripling of trade volume and ongoing projects in Southeast Asia and Africa.

Chinese firms are focusing on quality improvements and technological upgrades to enhance competitiveness across diversified markets.

Local governments and agencies are actively supporting enterprises through policies and customs facilitation to stabilize and expand foreign trade.

Proactive fiscal and monetary policies, such as increasing the fiscal deficit target to 4%, issuing bonds, and cutting reserve requirement ratios, have been implemented to counter external pressures.

Efforts to maintain employment include job subsidies, vocational training, and entrepreneurial loans, helping keep unemployment stable at around 5%, despite challenges like declining industrial profits.

Export growth has been bolstered by leveraging regional trade agreements like RCEP, which helped companies like Jilin Bailong Arts & Crafts increase exports by 21.3% in the first seven months.

Chinese companies are expanding into new markets such as North Africa, Central Asia, Canada, and Venezuela through overseas exhibitions, partnerships, and customs support.

Measures like expanding export credit insurance and supporting domestic sales aim to bolster domestic consumption and mitigate tariff impacts.

The government remains confident in steady growth and improving trade quality, seeking more international collaboration to seize growth opportunities.

Retail sales increased by 5% in the first half of 2025, driven by government initiatives like trade-in programs and subsidies, although consumer confidence remains weak.