While the world grapples with a tough trade environment, China is seeing some bright spots on the horizon! 🌅 According to Commerce Minister Wang Wentao, the Chinese mainland's exports and imports are showing positive signs, hinting at a sustained recovery.
During the Spring Festival holiday—a time usually quiet for trade—the Chinese mainland experienced a surge in trade activities. Talk about starting the year with a bang! 🎉 Wang shared this exciting news at a press conference alongside China's top legislature session.
He mentioned that the trade recovery, which kicked off in September 2023, is expected to keep rolling despite a possible dip in March due to last year's high comparison base. So, don't worry if the numbers fluctuate a bit—it's all part of the bigger picture! 📊
But that's not all! China is gearing up to collaborate with global trading partners to deepen cooperation in production and supply chains. The goal? To build an inclusive, resilient, and sustainable industrial and supply chain. Sounds like a win-win for everyone! 🌍🤝
To boost cross-border e-commerce exports, the nation plans to improve customs clearance, taxation, and foreign exchange policies. Plus, they'll accelerate building supply chains and ecosystems tailored for the growth of cross-border e-commerce. Online shopping spree, anyone? 🛍️💻
Digitization is also on the agenda. Wang emphasized increasing the level of trade digitization by leveraging platforms like the pilot zone for global digital trade in the Greater Bay Area, the China (Shanghai) Pilot Free Trade Zone, and foreign trade transformation and upgrade bases. The future is digital, and China is hopping on board! 🚀
And let's not forget about going green! 🌱 China aims to promote green trade development by supporting exports of high-quality, high-tech, and high-value-added green and low-carbon products. Sustainability FTW!
With all these initiatives, it looks like China is set to navigate the global trade challenges with confidence and innovation. Stay tuned for more updates! ✨
Reference(s):
China's foreign trade showing positive signs despite challenges
cgtn.com
