China's foreign trade and foreign exchange market demonstrated resilience and growth in the first quarter of 2025 despite global financial volatility and ongoing US tariff pressures. Shanghai exported goods worth 143.5 billion yuan ($19.7 billion) to ASEAN countries, marking a 7.1% year-on-year increase. Shenzhen, a major southern metropolis, recorded foreign trade totaling 387.05 billion yuan (approximately $53.7 billion) in March, up 12.3% year on year. Guangdong province, China's largest foreign trade hub, saw its total import and export volume reach a record 2.14 trillion yuan in Q1, a 4.2% increase from the previous year, with exports rising 1.4% to 1.34 trillion yuan and imports increasing 9.3% to 798.15 billion yuan. The State Administration of Foreign Exchange reported generally stable operations in China's foreign exchange market during the quarter, with a net inflow of cross-border capital from goods trade reaching $206.3 billion, a 120% increase compared to the same period last year. The Chinese government announced plans to introduce new foreign exchange policies aimed at facilitating cross-border trade and financing while maintaining yuan stability. Additionally, the China Foreign Exchange Regulator Research Centre indicated efforts to assist firms in exploring overseas markets to mitigate foreign exchange risks and meet financing needs. Overall, these data points reflect steady growth and stability in China's trade and foreign exchange sectors amid external economic challenges.