China’s total goods imports and exports have increased by 4.9% year on year in yuan terms during the first 11 months of this year, according to official data released on Tuesday.
This rise in foreign trade showcases China’s continued economic growth and its important role in global trade. Despite challenges facing the world economy, China has maintained a steady increase in trade activities.
The growth in imports and exports may have positive effects on global markets, especially for countries in the Global South that trade with China. Increased trade can lead to more opportunities and economic benefits for all involved partners.
The official data reflects confidence in China’s economy and its ability to contribute to global economic stability.
Reference(s):
cgtn.com
