In exciting financial news from the Chinese mainland, recent data shows that China's foreign trade in goods reached 10.3 trillion yuan (about $1.41 trillion) in the first quarter, marking a 1.3% increase year on year. This solid performance comes despite growing global headwinds, with experts confidently noting that "the sky won't fall" for Chinese exports.
The export sector really shined, registering 6.13 trillion yuan—up 6.9% compared to last year. These figures highlight the resilience of China’s trade, even as challenges persist worldwide.
A key driver behind this growth is the vibrant economic relationship with ASEAN. The region emerged as China’s largest trading partner during Q1, with total trade surging by 7.1% to 1.71 trillion yuan, accounting for 16.6% of China’s overall foreign trade. Particularly, Vietnam stood out as the leading trading partner within ASEAN, emphasizing deep, expanding ties between the markets.
This upbeat trade report is not just good news for investors and professionals—it also offers fascinating insights for students, academics, and young culture enthusiasts curious about global market trends. Get ready to embrace more international stories and dynamic economic updates as we continue to explore how regional connections are reshaping global trade. 🚀🌏
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Graphics: China's foreign trade grows in Q1 on strong ties with ASEAN
cgtn.com
