China’s foreign trade is flexing serious muscle in 2024, hitting a jaw-dropping 32.33 trillion yuan in total imports and exports during the first three quarters – the highest ever recorded! With global markets facing turbulence, how is China powering through? Let’s break it down.
Record Numbers & Rising Trends
Exports jumped 6.2% to 18.62 trillion yuan, while imports grew 4.1% to 13.71 trillion yuan. The secret sauce? High-tech and green industries are leading the charge: EV, lithium battery, and solar product exports alone hit 757.83 billion yuan – think of it as the 'new three' pillars of China’s trade future.
Belt and Road Partnerships Shine
Trade with Belt and Road partner countries soared 6.3%, making up nearly half of China’s total trade. Meanwhile, even traditional partners like the EU and U.S. saw growth – proving adaptability is key in today’s complex global economy.
Challenges Ahead? Bring It On
Rising protectionism and supply chain snags remain hurdles, but experts like Yang Hangjun of the University of International Business and Economics suggest bold moves: ramping up cross-border e-commerce , slashing red tape for businesses , and doubling down on green tech innovation.
Bottom line: With strategic partnerships and a focus on next-gen industries, China’s trade engine isn’t slowing down anytime soon.
With global markets facing turbulence, how is China powering through? Let’s break it down. 
The secret sauce? High-tech and green industries are leading the charge: EV, lithium battery, and solar product exports alone hit 757.83 billion yuan – think of it as the 'new three' pillars of China’s trade future. 
Meanwhile, even traditional partners like the EU and U.S. saw growth – proving adaptability is key in today’s complex global economy. 
, slashing red tape for businesses 
, and doubling down on green tech innovation. 
Exports Surge Amid…
: Overseas Success Scores Big!
