The Galaxy Securities Research Report said that in the long run, China's exports are still supported by the following three aspects: First, the uncertainty of tariffs since the beginning of the year has driven enterprises to seize exports, and export grabbing is still expected to support export performance in the third quarter. According to Bloomberg data, the average number of container ships shipped from China to the US in the first week of July was 66.7 per day, which is basically the same as in June, and higher than the same period last year. Second, improving the competitiveness of China's products supports increased export momentum. In the first half of the year, China's exports of high-tech products increased by 9.2%, and continued to grow for 9 consecutive months. Among them, exports of high-end machine tools, ships and offshore engineering equipment all grew by more than 20%, and exports of instruments increased by 14.7%. Third, the new pattern of continuous expansion and diversification of openness has also injected strong impetus into export growth. Looking at the export country structure, China's share of exports to the US market fell 2.8 percentage points in 2025 compared to 2024, while the share of exports to ASEAN and the European Union increased by 1.4 and 0.4 percentage points, respectively. The share of Latin America and Africa increased by a total of 0.8 percentage points.

The Galaxy Securities Research Report said that in the long run, China's exports are still supported by the following three aspects: First, the uncertainty of tariffs since the beginning of the year has driven enterprises to seize exports, and export grabbing is still expected to support export performance in the third quarter. According to Bloomberg data, the average number of container ships shipped from China to the US in the first week of July was 66.7 per day, which is basically the same as in June, and higher than the same period last year. Second, improving the competitiveness of China's products supports increased export momentum. In the first half of the year, China's exports of high-tech products increased by 9.2%, and continued to grow for 9 consecutive months. Among them, exports of high-end machine tools, ships and offshore engineering equipment all grew by more than 20%, and exports of instruments increased by 14.7%. Third, the new pattern of continuous expansion and diversification of openness has also injected strong impetus into export growth. Looking at the export country structure, China's share of exports to the US market fell 2.8 percentage points in 2025 compared to 2024, while the share of exports to ASEAN and the European Union increased by 1.4 and 0.4 percentage points, respectively. The share of Latin America and Africa increased by a total of 0.8 percentage points.