Data from the General Administration of Customs reveals steady improvement in China's foreign trade for the first quarter of 2025. Total imports and exports reached 10.3 trillion yuan ($1.41 trillion), marking a 1.3% year-on-year increase amid a clear recovery trajectory.
Remarkably, exports grew 6.9% to 6.13 trillion yuan despite global economic headwinds. At a press conference, Lyu Daliang, director of the GAC's Department of Statistics and Analysis, confidently remarked that "the sky won't fall," addressing concerns during discussions on the US-created tariff dispute.
Emphasizing strategic initiatives, Lyu highlighted efforts to diversify markets and strengthen industrial and supply chain partnerships. The vast domestic market continues to serve as a crucial strategic asset, reinforcing economic resilience against external uncertainties.
Reference(s):
cgtn.com
