Consulting Agency: China's super large market is irreplaceable.

The General Administration of Customs data shows that in the first 5 months of this year, both China's exports and imports have accelerated, with the total value of goods trade reaching 20.68 trillion yuan, an increase of 15.3% year-on-year. China's import and export trade is growing strongly. Foreign experts point out that China's export product structure continues to optimize, with green electromechanical and high-end manufacturing products experiencing high growth in exports. It is expected that in the second half of the year, the AI industry chain will continue to drive the increase in the activity of technology product trade in both directions. China is not only the "world's factory", but also the "world market" - in the first 5 months, China's cumulative imports reached 8.77 trillion yuan, an increase of 20.5% year-on-year. Foreign trade imports and exports of foreign-invested enterprises in China reached 866.3 billion US dollars, accounting for 29.1% of the country's total foreign trade imports and exports. Consulting agencies point out that China's extremely large-scale market and resilient supply chain are irreplaceable. The international credit rating agency Fitch Ratings is optimistic about the strong long-term growth prospects of the new energy industry. It also sees growth opportunities for the Chinese new energy industry from the global energy transition and AI power storage.