Stable quantity and high quality, China's foreign trade drives global trade growth



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Since 2024, China's foreign trade import and export has achieved a good start. On April 12, the General Administration of Customs of China released the first quarterly report on foreign trade in 2024. Data show that in the first quarter of this year, the total value of China's import and export of goods trade was 10.17 trillion billion yuan, an increase of 5% over the same period last year. In terms of scale, the historical period exceeded 10 trillion yuan; in terms of growth rate, it reached a new high in six quarters.

Wang Lingjun, deputy director of the General Administration of Customs, said at a press conference a few days ago that at present, global trade is showing signs of stabilization and improvement. The results of the China Customs Trade Prosperity Survey showed that the proportion of companies that reflected the increase in export and import orders in March increased significantly from the previous month. It is expected that China's imports and exports will continue to improve in the second quarter and remain in the growth channel in the first half of the year.

The "New York Times" published an article that from steel, automobiles, solar cells to electronic products, buyers of Chinese goods have spread all over the world, especially Latin America, Africa and other places are very interested in Chinese goods. The Associated Press believes that in the context of the overall downturn in the global economy, China's imports and exports have increased significantly, reflecting the gratifying phenomenon that the global market is recovering.

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