The growth of China's foreign trade is expected to be stable this year, given the robust performance during the January-October
period, which has laid a solid foundation, trade watchers said on Monday.
The country's foreign trade surged 9.5 percent year-on-year to 34.62 trillion yuan in the first 10 months of 2022, while its trade 
surplus jumped 46.7 percent year-on-year to 4.8 trillion yuan, according to the General Administration of Customs.
"Despite the Russia-Ukraine conflict and the United States' interest rate hike, Chinese exporters, backed by the
government's supportive measures and new foreign trade formats such as cross-border e-commerce business, have 
been busy in upgrading their product structure this year," he said, adding the country's export impetus is no
longer dominated by products with low industrial added value.
China's high-tech exports rose from $474.35 billion in 2010 to $942.31 billion in 2021, up by 98.65 percent,
according to the World Bank database.
This indicates China's manufacturing sector has not only withstood the test of the market amid global supply 
chain disruptions, but also continuously bolstered its strength driven by the market forces.
Meanwhile, the foreign trade value of private companies accounted for more than half the total, and their growth 
rate was 4.9 percentage points higher than the overall export and import growth rate over the past 10 months, 
showing the resilience and competitiveness of the private companies
With the growth of China's foreign trade dropping from 8.3 percent in September to 6.9 percent in October, experts said that 
external factors such as softening global consumption demand and high inflation will continue to pose challenges to companie
at home in the fourth quarter and next year.
Meanwhile, the high export base last year is also a factor for the slowing growth rate this year, experts said.
China's exports had been weighed down by a sluggish Christmas shopping season, high inflation and high interest rates, as well 
as an uncertain economic outlook in overseas markets. These factors have severely dampened consumer confidence in many
parts of the world.
an analyst at China Everbright Bank, said as the prices of energy and raw materials are high, companies are
holding off on replenishing inventory, so imports continued to be depressed last month.