Hold onto your spreadsheets! 📊 China's foreign trade hit a staggering 39.79 trillion yuan ($5.49 trillion) in the first 11 months of 2024 – a solid 4.9% jump from last year. The star of the show? Exports, which rocketed 6.7% to 23.04 trillion yuan, while imports grew 2.4% to 16.75 trillion yuan.
💡 Breaking it down: General trade (think long-term contracts and stable deals) accounted for 64% of total trade, while processing trade (assembly and manufacturing) saw a healthy 3.6% rise. ASEAN took the crown as China's top partner with 8.6% trade growth, followed by the EU, US, and the Republic of Korea (South Korea).
🚀 The momentum isn't slowing down. Beijing rolled out new policies in November to streamline customs, boost domestic-foreign trade integration, and make port operations smoother. Think less paperwork, more business – exactly what global entrepreneurs and investors want to hear! 💼🌐
