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 total goods imports and exports expanded 5.2% year on year in the first ten months, signaling robust growth in the Chinese mainland’s foreign trade.
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 reached 24.83 trillion yuan in the first seven months, up 6.2%, driven by strong domestic demand, advanced manufacturing, and a rebound in global trade, according to GAC data.
China’s foreign trade grew by 6.1% in the first half of 2024, reaching a record high of 21.17 trillion yuan ($2.9 trillion), according to the General Administration of Customs.
China’s total goods imports and exports grew by 5% year on year in the first quarter of 2024, signaling strong economic momentum amid global uncertainties, according to official data released on Friday.
China’s State Council Information Office held a press conference discussing the nation’s imports and exports in 2023. Vice Minister Wang Lingjun highlighted trade performance and future prospects.