China's foreign trade showed steady performance in the first two months of 2025, reaching a total volume of 6.54 trillion yuan ($912.07 billion), according to the General Administration of Customs on Friday.
While this represents a slight decrease of 1.2% compared to the same period last year, analysts highlight that excluding "incomparable factors" like two fewer working days, China's total goods imports and exports actually grew by 1.7% year on year. 🌟
Breaking it down, exports surged by 3.4% to hit 3.88 trillion yuan, showcasing China's strong manufacturing and export capabilities. On the flip side, imports saw a dip of 7.3%, reflecting changes in domestic demand and global supply chain dynamics.
Diving deeper into export destinations, China's exports to ASEAN countries climbed by 6.8%, while exports to the EU and the US increased by 1.8% and 3.4% respectively. Additionally, exports to countries participating in the Belt and Road initiative saw a 2.4% rise, underscoring China's ongoing commitment to global partnerships. 🌍
These figures indicate a resilient trade sector that's adapting to global challenges and seizing new opportunities. As the year progresses, all eyes will be on how China continues to balance its import and export strategies to sustain growth.
Reference(s):
cgtn.com
