China's foreign trade continued its upward trajectory in 2024, showcasing remarkable resilience and growth. In the first three quarters of the year, foreign trade surged by over 5%, reaching an unprecedented 32 trillion yuan (approximately $4.44 trillion). Notably, each quarter surpassed the 10 trillion yuan mark, marking a new milestone for the nation's economy.
Zhu Haibin, Chief China Economist at J.P. Morgan, attributes this robust performance to China's ability to adapt and thrive amid global economic uncertainties. \"The consistent growth in foreign trade reflects the underlying strength and resilience of China's economic structure,\" Zhu commented.
Despite the challenges posed by a slowing global economy, Zhu remains optimistic about the future of China's foreign trade sector. He forecasts that the foreign trade will continue to maintain its growth momentum over the next four years, driven by strategic economic policies and expanding international partnerships.
The sustained growth in foreign trade not only reinforces China's position as a global economic powerhouse but also opens up numerous opportunities for businesses and investors worldwide. As the global landscape evolves, China's proactive approach and economic strategies are set to play a pivotal role in shaping future economic trends.
Reference(s):
Economist: China's foreign trade will maintain growth momentum
cgtn.com
