1, EU

In recent years, China-EU trade has developed steadily. EU's exports to China are mainly manufactured goods, among which machinery, electronic products, transport vehicles, complete sets of equipment, core parts and sophisticated parts with advanced technology are quite competitive in China market.

2. America

The trade between China and the United States has a solid foundation for development. China exports a variety of consumer goods to meet the needs of American consumers, and at the same time continuously imports electronics, aviation, biology, medicine, agricultural products and services from the United States, which also meets the needs of China's own development.

3. Japan

The trade between China and Japan has the advantage of geographical proximity. Sino-Japanese trade has promoted the continuous cooperation and progress of the industries of the two countries, and also promoted the in-depth development of regional economic division and cooperation in East Asia.

4. Association of Southeast Asian Nations

China and ASEAN have fully implemented free trade, and 90% of goods have achieved zero tariffs, which has effectively promoted the rapid growth of bilateral trade between China and ASEAN. China and ASEAN have their own unique and competitive goods to enter each other's markets freely, which meets the needs of both sides.

5. Korea

The trade between China and South Korea has maintained sustained and steady growth, and the fields of mutual investment and economic cooperation between the two countries are very broad. In recent years, the rapid growth of trade between China and other BRICS countries has promoted the strong development of their respective advantageous industries, showing that emerging economic markets have broad development prospects.

Extended data

Information about China's foreign trade.

1, adjust the domestic capital structure

Under the adjustment of the market mechanism, the products will survive the fittest, and the advantageous industries in foreign trade will inevitably attract more capital investment, thus obtaining greater returns and forming a circular industrial chain.

2. Increase the total labor production in China.

Commodity circulation in the world can adjust surplus and deficiency to a great extent, save costs and give full play to the available production factors, thus creating more total social production, improving national industrial production efficiency and providing necessary conditions for domestic economic growth.

3. Promote competition in the domestic market

Foreign trade is not only export trade, China also needs to import a large number of products from abroad. Such international market competition will inevitably affect the domestic market and bring pressure to domestic related enterprises, thus promoting their reform and development.

4. Strengthen the domestic economic sector.

With the expansion of the scope of international trade, foreign trade has extended to all aspects of life, and domestic upstream and downstream industries around their own advantageous industries have also been driven, and the links between industries have become closer and closer, eventually forming a multi-angle and all-round strategic pattern of China's foreign trade today, instead of relying solely on low-cost labor to achieve foreign trade.

5. Introduce foreign capital

The introduction of foreign capital not only solves the problem of insufficient domestic funds, but also brings employment opportunities, makes full use of the labor force, and also allows foreign advanced technology and management concepts to settle in China, which is very important for the development of China.

References:

Baidu Encyclopedia-China Foreign Trade