China’s total goods imports and exports expanded by 5.2 percent year on year in the first ten months of this year, China International Trade Representative and Vice Commerce Minister Wang Shouwen said on Friday.
This robust growth in the Chinese mainland’s foreign trade demonstrates the resilience and steady progress of its economy amidst global economic challenges. The increase reflects the effectiveness of China’s measures to stabilize foreign trade and its commitment to further opening up its markets.
Wang highlighted that the positive momentum is a result of diversified trade partnerships and the country’s efforts to optimize its trade structure. As global demand fluctuates, China’s consistent trade expansion underscores its pivotal role in the international trade landscape.
The 5.2 percent growth is seen across various sectors, with significant contributions from both imports and exports. This trend is expected to continue as China implements policies to enhance trade facilitation and foster a more favorable business environment for foreign investors.
Analysts believe that this upward trajectory signifies confidence in China’s economic outlook and its ability to navigate global economic uncertainties. The continued growth in foreign trade is poised to benefit not only China but also its trading partners worldwide.
Reference(s):
cgtn.com