China's foreign trade is on the rise, and it's nothing short of thrilling! 🎉 In the first seven months of this year, China's trade volume reached a whopping 24.83 trillion yuan (that's about $3.46 trillion 🤑), marking a 6.2% increase compared to last year, according to the General Administration of Customs (GAC).
Lyu Dailiang, spokesperson for the GAC, highlighted that China's economy has been cruising steadily. With foreign trade maintaining a positive vibe since the start of the year, it's clear that things are heating up. 🔥
Breaking it down, exports hit 14.26 trillion yuan, up by 6.7%. Imports weren't slacking either, totaling 10.57 trillion yuan, a 5.4% rise. 📈
So, what's fueling this trade boom? It's a mix of strong domestic demand, cutting-edge manufacturing, and a global trade rebound. 🌐 China's got its game on, and the world is taking notice!
Reference(s):
China's foreign trade picks up speed in July due to strong demand
cgtn.com
