Amid global economic turbulence, China’s exports are holding steady like the latest viral TikTok dance —defying the odds! Customs official Lyu Daliang reassured the world Monday that "the sky won't fall" for Chinese trade, even as challenges loom. Here’s the breakdown
New data shows China’s goods imports and exports grew 1.3% year-on-year in Q1 2024 (in yuan terms) . While growth might seem modest, officials highlighted Beijing’s strategic moves: diversifying markets + deepening global supply chain partnerships
. "These efforts boost our partners’ growth *and* our own resilience," Lyu stated.
What’s the secret sauce? China’s massive domestic market acts as a "buffer" against global volatility, turning local certainty into international stability. Think of it as economic shock absorbers for the world’s second-largest economy
.
Bottom line: With global shifts from AI to green tech reshaping trade, China’s betting on collaboration over isolation. As Lyu put it: "The sky’s not falling—we’re building stronger scaffolding."
Reference(s):
cgtn.com