China’s Q1 Foreign Trade Surges 5%, Sets New Record Highs
China’s foreign trade in goods surged by 5% year on year in Q1 2024, reaching a record 10.17 trillion yuan ($1.43 trillion), signaling robust economic growth amid global uncertainties.
China Trade Growth
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Deloitte Economist Praises China’s Impressive 8.7% Trade Growth
Deloitte China’s chief economist, Xu Sitao, describes China’s 8.7% trade growth as “extremely impressive,” highlighting strong performance in electric vehicles and ASEAN trade, while cautioning about European market challenges.