Nation's foreign trade on healthy track

Imports, exports resilient in first 10 months despite domestic and global headwinds

Despite greater complexity and uncertainties in both domestic and global markets, the steady and qualitative improvement trend of China's foreign trade will remain unchanged in the coming months, said the country's top foreign trade and investment promotion agency on Tuesday.

China's foreign trade recorded steady progress during the January-October period, with both imports and exports hitting record highs. However, amid softening global demand, geopolitical issues, sporadic outbreaks of COVID-19 and other elements, the growth rates for monthly trade have slowed down in recent months, which is in line with global economic and trade trends, Sun Xiao, spokesman for the Beijing-based China Council for the Promotion of International Trade, or the CCPIT, said at a monthly news conference.

China's foreign trade, in US dollar terms, declined 0.4 percent on a yearly basis to $511.59 billion in October, said the General Administration of Customs.