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Foreign trade poised for steady growth amid headwinds

China's foreign trade is set to maintain steady growth for the rest of 2024, despite potential headwinds such as higher tariffs and trade remedy measures. According to the General Administration of Customs, trade in goods rose 5.2% year-on-year to 36.02 trillion yuan ($5.03 trillion) from January to October, with exports up 6.7% to 20.8 trillion yuan. Officials and market observers advise exporters to enhance product competitiveness and explore emerging markets to navigate these challenges. The global shift towards low-carbon initiatives has also boosted demand for China's high-tech, green electromechanical products, including electric vehicles and lithium-ion batteries.

https://www.chinadaily.com.cn/a/202411/08/WS672d4890a310f1265a1cc241.html

 

 

 

 

 


 

 

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