China’s General Administration of Customs announced on Monday that the country’s total foreign trade value reached 43.85 trillion yuan in 2024, equivalent to approximately $6 trillion. This marks an increase of more than two trillion yuan compared to the previous year.
As the world’s largest trader in goods, China has solidified its position by becoming a major trading partner for over 150 economies worldwide. Officials highlighted that this achievement underscores China’s pivotal role in the global market and reflects its deepening economic ties with nations across the globe.
The significant growth in foreign trade is a testament to the resilience and adaptability of China’s economy amidst global challenges. The expansion not only reinforces China’s influence in international commerce but also contributes to global economic stability and growth.
Market analysts attribute this impressive performance to China’s continued efforts to open up its economy and foster international partnerships. The increased trade figures are expected to have positive ripple effects on global supply chains and international trade relations.
Looking ahead, China aims to maintain this momentum by further enhancing trade cooperation and exploring new markets. The sustained growth in foreign trade is anticipated to provide valuable opportunities for businesses, investors, and economies around the world.
Reference(s):
cgtn.com
