China's regional foreign trade sustained growth momentum in the first seven months of the year.
In the Yangtze River Delta region, foreign trade reached 9.59 trillion yuan (about 1.34 trillion U.S. dollars), up 5.4 percent year on year, accounting for 37.3 percent of the country's total value during the same period.
In particular, exports of electric vehicles, high-end equipment and integrated circuit products increased by 43.9 percent, 10.2 percent and 20.1 percent, respectively.
In the Guangdong-Hong Kong-Macao Greater Bay Area, the import and export volume of the nine cities on the Chinese mainland reached 5.2 trillion yuan, increasing by 4.7 percent, accounting for 20.2 percent of the country's total volume.
All business entities in the Greater Bay Area are full of vitality, with private enterprises accounting for 64.5 percent, and foreign-invested enterprises growing at the fastest rate and accounting for 31.2 percent.
The exports of the Beijing-Tianjin-Hebei region have shown a good momentum, with the export volume exceeding 120 billion yuan for four consecutive months from April to July. The monthly export volume and year-on-year growth rate both reached new highs for the year.
China's regional foreign trade sustains growth in Jan-July
The multilateral system is "under attack" amid global turmoil, President of the 80th UN General Assembly Annalena Baerbock warned in her remarks on Wednesday.
In her briefing on the priorities for the resumed 80th Session of the General Assembly, the UNGA president noted that the current multilateral system does not collapse all in a sudden, but "crumbles piece by piece" in divisions, compromises, and lack of political commitment.
The president called all the UN member states to defend the UN Charter and international law and promote cross-regional cooperation.
She also urged to push forward the work of the UNGA on certain critical issues with a strong majority, rather than an absolute consensus among all member states. Such act is not a failure of multilateralism, but "an affirmation of it," she said.
The foundational principles of the institution should not be eroded by appeasement, she said, calling the member states to show courage, leadership, and responsibility at the UN's "critical make-or-break moment."
"The UN needs you. Your support, your leadership, your principle, stand, your cross-regional cooperation, if we are to preserve and modernize this institution, if we are to make it, rather than break it," she said.
UNGA President warns global multilateral system "under attack"
