📈 China’s foreign trade sector has shown impressive resilience in the first four months of 2024, with total goods trade increasing by 5.7% year-on-year, reaching a staggering 13.81 trillion yuan ($2.16 trillion).
Exports climbed to 7.81 trillion yuan, up by 4.9%, while imports surged to 6 trillion yuan, marking a robust 6.8% rise. 🛒
Xu Hongcai, deputy director of the Economic Policy Commission at the China Association of Policy Science, highlighted the growth, stating, “The total volume of foreign trade has maintained rapid growth, with evident structural optimization.”
The General Administration of Customs (GAC) reported a positive turnaround in processing trade imports and exports, signaling an accelerated transformation in China’s foreign trade development mode.
General trade imports and exports alone reached 8.98 trillion yuan, up by 5.3%, making up 65.1% of the total foreign trade. 🌏
Notably, exports to ASEAN and BRI partner countries have seen rapid expansion, contributing significantly to the trade surplus. The surplus with ASEAN countries alone jumped by 456.01 billion yuan, an 18.1% increase.
High-value electromechanical products are the stars of China’s export scene, accounting for nearly 60% of total exports. Sectors such as automatic data processing equipment, integrated circuits, and automobiles have witnessed substantial growth, driving the overall export surge. 🚗💻
With these strong numbers, China continues to solidify its position in the global market, embracing innovation and strategic partnerships to fuel ongoing economic growth. ✨
