China’s foreign trade is on the rise, with total imports and exports growing by 4.9% year-on-year in the first 11 months of the year, according to the General Administration of Customs (GAC). This impressive growth highlights the nation’s resilience and its pivotal role in the global economy.
Exports surged by 6.7% compared to the same period last year, reaching a staggering 23.04 trillion yuan (approximately $3.5 trillion). Imports also saw an uptick, increasing by 2.4% to 16.75 trillion yuan.
The robust increase in exports indicates strong international demand for Chinese goods, while the rise in imports reflects China’s expanding domestic market and its demand for global products. This trade performance not only underscores China’s economic vitality but also has significant implications for global trade dynamics.
For young people in the Global South, these numbers signal potential opportunities in trade, commerce, and international collaboration. As China continues to grow, it could open doors for increased economic partnerships and cultural exchanges with other developing nations.
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Chart of the Day: China's foreign trade up 4.9% in first 11 months
cgtn.com
