Statistics from the General Administration of Customs on Wednesday showed that China's foreign trade in goods in the first three quarters totaled 28.33 trillion yuan ($4.4 trillion), up 22.7 percent year-on-year. Exports increased by 24.5 percent and imports by 22 percent. This speaks volumes about the resilience of China's foreign trade.
The fact that the country's foreign trade has been continuously expanding quarter by quarter suggests that there is still potential for its continued growth in the near future. Effectively containing the spread of the novel coronavirus has made it possible for the rapid recovery of the country's domestic economy, which has laid a solid foundation for the continuous expansion of its foreign trade.
It is obvious the policies implemented by the central authorities have injected vitality into the country's foreign trade, with the series of policies to promote the development of a new mode of foreign trade and facilitate cross-border trade transactions providing strong support to the expansion of foreign trade. As a result, China's cross-border e-commerce trade increased by 20.1 percent in the first three quarters, and the exports through market procurement trade registered an increase of 37.7 percent in the same period. The trade in China's pilot free trade zones increased by 27.8 percent in the same period, with revenue from the sales of commodities in Hainan island, the country's duty-free province, increasing by 120.8 percent.
Source：Chinadaily
