Amid global economic turbulence, China’s exports are holding steady like the latest viral TikTok dance 💃—defying the odds! Customs official Lyu Daliang reassured the world Monday that "the sky won't fall" for Chinese trade, even as challenges loom. Here’s the breakdown👇
New data shows China’s goods imports and exports grew 1.3% year-on-year in Q1 2024 (in yuan terms) 📊. While growth might seem modest, officials highlighted Beijing’s strategic moves: diversifying markets + deepening global supply chain partnerships 🌐. "These efforts boost our partners’ growth *and* our own resilience," Lyu stated.
What’s the secret sauce? 🧐 China’s massive domestic market acts as a "buffer" against global volatility, turning local certainty into international stability. Think of it as economic shock absorbers for the world’s second-largest economy 🛡️.
Bottom line: With global shifts from AI to green tech reshaping trade, China’s betting on collaboration over isolation. As Lyu put it: "The sky’s not falling—we’re building stronger scaffolding." 🚧✨
Reference(s):
cgtn.com