China’s foreign trade rises 15.3% to $3 trillion in January-May
Qabil Ashirov
Read moreChina’s foreign trade expanded by 15.3% year-on-year in the first five months of the year, reaching 20.68 trillion yuan (approximately $3.03 trillion), AzerNEWS reports, citing the General Administration of Customs of China.
In May alone, the country’s total foreign trade grew by 16.9% compared to the same month last year. During the period, exports increased by 13.8%, while imports posted a stronger growth rate of 21.5%.
As the world’s second-largest economy by gross domestic product (GDP), China plays a pivotal role in global economic and trade relations. Consequently, forecasts produced by numerous international research institutions and economic think tanks are heavily influenced by expectations surrounding China’s economic performance and foreign trade outlook.
The latest figures underscore the continued importance of China’s trade sector as a key driver of both domestic growth and broader global economic activity.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!