China’s Foreign Trade Surges by 4.9% in First 11 Months
China’s total goods imports and exports increased by 4.9% year on year in yuan terms in the first 11 months of this year, according to official data released on Tuesday.
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China’s total goods imports and exports increased by 4.9% year on year in yuan terms in the first 11 months of this year, according to official data released on Tuesday.
China’s foreign trade surged over 5% in the first three quarters of 2024, reaching a record 32 trillion yuan. Economist Zhu Haibin predicts continued growth over the next four years despite global challenges.
China’s foreign trade surged 5.3% in the first three quarters of 2024, exceeding 32 trillion yuan. Exports rose 6.2%, imports up 4.1%, with private enterprises contributing significantly to growth.
China’s foreign trade surged to 32.33 trillion yuan in the first three quarters of 2024, growing 5.3% annually. Exports rose 6.2%, imports up 4.1%, driven by strong domestic production and global demand.
China’s foreign trade expanded by 6% year-on-year in the first eight months, with exports rising 6.9% and imports climbing 4.7%, according to official data. ASEAN remains China’s largest trading partner.
China’s foreign trade has made a strong start in 2024, with an 8.7% year-on-year increase in the first two months, according to GAC minister Yu Jianhua.
China’s exports and imports are showing positive signs despite global challenges, with Commerce Minister Wang Wentao highlighting trade recovery and plans to deepen international cooperation.