China’s Trade Boom Accelerates in July 🚀📈

China’s foreign trade is revving up like a high-speed train! 🚄 New data reveals the country’s total import-export value hit 24.83 trillion yuan ($3.46 trillion) from January to July 2024 – a 6.2% jump compared to last year. Talk about staying in the fast lane!

Customs spokesperson Lyu Dailiang credits China’s \"stable economic performance\" and \"strong global demand\" for fueling this growth. Let’s break it down:

• 📦 Exports: 14.26 trillion yuan (+6.7%)
• 📥 Imports: 10.57 trillion yuan (+5.4%)

Why the surge? Analysts point to three 🔑 factors:

1. Homegrown hustle: Rising domestic consumer spending
2. Tech edge: Advanced manufacturing upgrades
3. Worldwide rebound: Trading partners restocking inventories

This growth spurt positions China as a stabilizing force in today’s rollercoaster global economy. 🌏🤝

Reference(s):

China's foreign trade picks up speed in July due to strong demand

cgtn.com