China Deploys Measures to Expand Green Trade and Enhance Sustainability

Strategic Insights -

The State Council of the People's Republic of China has issued a statement on developing green trade as a key measure to promote trade optimization, achieve carbon peak and neutrality goals, and accelerate the development of a strong trading nation. In recent years, green development has become a global consensus, and China's foreign trade companies have increased the supply of high-quality green products, accelerating the development of new sectors and markets. China's customs statistics show that in the first three quarters of this year, the country's exports were trending towards innovation and quality, with high-end equipment and green products such as wind turbines and parts achieving double-digit growth.

Key Takeaways:

  • Developing green trade is a key measure to promote trade optimization, achieve carbon peak and neutrality goals, and accelerate the development of a strong trading nation.
  • China's foreign trade companies have continuously increased the supply of high-quality green products, accelerating the development of new sectors and markets.
  • In the first three quarters of this year, China's exports were trending towards innovation and quality, with high-end equipment and green products such as wind turbines and parts achieving double-digit growth (22.4% increase).
  • Bai Ming, a researcher at the Ministry of Commerce's Institute of International Trade and Economic Cooperation, stated that green trade is becoming a new trend in international trade and not only about environmental protection but also a vital force in promoting sustainable economic development.
  • Institutional development is a primary prerequisite for developing green trade, and China has enormous room and potential for green trade development.
  • Enterprises are important participants in accelerating the exploration of green trade development, and the State Council executive meeting proposed to enhance the green and low-carbon development capabilities of foreign trade enterprises.
  • The meeting also proposed to promote enterprises to carry out green design and production, build a green trade public service platform, and expand the import and export of related products and technologies.

Statistics:

  • In the first three quarters of this year, my country's exports of high-end equipment saw a year-on-year increase of 22.4%.
  • Green products such as wind turbines and parts, the "new three items" (New Three Products), and railway electric locomotives all achieved double-digit growth.
  • China's foreign trade companies have increased the supply of high-quality green products by 22.4% in the first three quarters of this year.

Sources:

  • Xinhua News Agency, Beijing, October 17 (Reporter Zou Duowei)
  • Ministry of Commerce's Institute of International Trade and Economic Cooperation (Bai Ming, researcher)
  • Customs statistics
  • Original story: https://www.gov.cn/zhengce/202510/content_7044907.htm