The Chinese mainland has reported a significant increase in its foreign trade over the first 11 months of the year. According to data released by the General Administration of Customs (GAC), the total value of goods imported and exported grew by 4.9 percent year-on-year in yuan terms.
During this period, exports experienced a robust rise of 6.7 percent, reaching 23.04 trillion yuan (approximately $3.5 trillion). This growth highlights the Chinese mainland's strong presence in the global market, continuing to meet international demand with a diverse range of products.
On the import side, there was a 2.4 percent increase, totaling 16.75 trillion yuan. While imports grew at a more moderate pace compared to exports, the rise indicates sustained domestic demand and the ongoing integration of the Chinese mainland's economy with the global supply chain.
This positive trade performance underscores the resilience and adaptability of the Chinese mainland's economy, successfully navigating global uncertainties and maintaining steady growth in key economic sectors.
Reference(s):
Chart of the Day: China's foreign trade up 4.9% in first 11 months
cgtn.com
