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Chinas Spring Festival Trade Dynamics to Promote Global Supply Chain Stability

During the Long Spring Festival, China’s international trade activities did not slow down due to the festival, but instead showed unprecedented vitality and efficiency. Cruising Central European ships, busy ocean freight ships, 24-hour cross-border e-commerce and overseas warehouses together formed a vivid picture of China’s deep integration with the world. Especially in Shanghai Yunnan Harbour, the uninterrupted operation during the Spring Festival ensures a significant increase in port loading and highlights China’s indispensable role in the global trade network.

According to Chen Qingping, Chen Qingdong Chengdong Terminal Manager, during the Spring Festival, 39 bridges were fully invested in production operations, on average every 2 minutes to complete a loading and unloading task, loading and unloading volume grew by 15% to 20% in the same proportion. this is not only a proof of the efficient operation capacity of Yangon, but also reflects Chinas important contribution to the stability of the global supply chain.

Under the guidance of national leaders, China is working to promote the optimization and upgrading of goods trade, innovate services trade development mechanisms, and actively develop digital trade. During the visit to Guangxi and Zhejiang, General Secretary Xi Jinpings visit focused on the strategic intention of jointly building a new land-sea channel in the West and the attention to the operation of the Yi-Nueva Europe line, showing Chinas ambitious blueprint for the construction of a trade power.

As an important logistics channel connecting China and Europe, the high-frequency operation during the Spring Festival further facilitated trade exchanges between China and Europe. According to Feng Shuibin, chairman of the Yi Xin Europe trade services group, the 68-train line planned to be issued during the Spring Festival has increased the number of high-tech products and high added value goods transported, which not only reflects the optimization of Chinas export structure, but also reflects the competitiveness of Chinese manufacturing in the global market.

Since this year, the number of China-European routes has exceeded 1,800 routes, connecting 112 cities in China and 219 cities in 25 countries in Europe, becoming an important trade channel between the Asian and European continents. During the Spring Festival, an average of 30 routes are sent from China to the world every day, highlighting Chinas key role inining global supply chain stability.

In cross-border e-commerce and overseas warehouses, Chinas new industry, new models are driving the efficient operation of the global supply chain system.Overseas warehouses, located in New Jersey, U.S., received and rapidly distributed containers of furniture from Guangdong during the Spring Festival, this phenomenon typically demonstrates the popularity of Chinese products designed and produced in overseas markets, but also reflects the advanced and high efficiency of Chinas intelligent logistics system.

Chinas new advantages in foreign trade are forming globally, with more than 1,800 cross-border e-commerce overseas warehouses in more than 220 countries and regions, achieving local efficiency in the distribution of Chinese goods. Digital empowerment and flexible management of supply chains have continued to enhance the comprehensive international competitiveness of the entire cross-border e-commerce industry chain.

Chinese enterprises are continuously providing new products to global consumers, from new energy vehicles to electric bikes, to 3D printers. Todays China, not only has closer ties with the world, but also its foreign trade partners are more diverse and richer. By continuously integrating into the global industrial chain and connecting the global market with innovation, China has injected new vitality into global trade growth, jointly shaping a new global trade situation for interconnection and win-win development.

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