February 25, 2021
February 25, 2021
China delivered remarkable foreign trade performance in the past year. According to the country’s General Administration of Customs (GAC), China’s total imports and exports expanded 1.9 percent year on year to 32.16 trillion yuan ($4.97 trillion), hitting a record high.
Exports rose 4 percent to 17.93 trillion yuan, while imports stood at 14.23 trillion yuan, down 0.7 percent, according to the GAC. Trade surplus reached 3.7 trillion yuan, rising 27.4 percent from a year ago.
China’s foreign trade exceeded expectations and registered a historical high last year, when the country faced a grave and complex domestic and international landscape and a severe economic impact posed by COVID-19, said GAC spokesperson Li Kuiwen, adding that China was the only major economy to realize positive economic growth last year, which indicated its great resilience and comprehensive competitiveness.