Private enterprises play key role in stabilizing foreign trade

China's foreign trade in goods reached 27.3 trillion yuan ($3.92 trillion) in the first eight months of this year, up 10.1 percent year-on-year, of which the import and export by private enterprises reached 13.68 trillion yuan.

This outstanding performance proves once again that the private sector is playing an increasingly important role in stabilizing the country's foreign trade.

The downward pressure on China's economy has increased since the beginning of this year, and some foreign trade enterprises have been plagued by problems such as cancellation of orders, operating not at full capacity, and slower logistics. In particular, the rising prices of raw materials and soaring logistics costs have further squeezed foreign trade enterprises' profits. Declining external demand arising out of the unstable international economic and political climate has also added to their dilemma.