New customs data reveals China’s foreign trade hit 36.02 trillion yuan ($5 trillion) from January to October 2023, climbing 5.2% year-on-year. Exports drove the momentum, rising 6.7% to 20.8 trillion yuan, while imports grew 3.2% to 15.22 trillion yuan.
Belt and Road Partners Fuel Growth
Trade with Belt and Road Initiative (BRI) countries soared 6.2%, totaling 16.94 trillion yuan. ASEAN nations took center stage, with bilateral trade hitting 5.67 trillion yuan – an 8.8% spike – making up 15.7% of China’s total trade. Talk about squad goals! 🤝
Why This Matters
With ASEAN solidifying its spot as China’s #1 trading partner, these numbers highlight shifting global economic tides. For young professionals and entrepreneurs, this signals opportunities in cross-border innovation and supply chain trends. 🌏✨
