Exports expected to see 4th-quarter resurgence
Jan-Nov two-way trade consistent with previous year on effective policy
China is likely to achieve its annual goals for ensuring the stability and enhancing the quality of foreign trade, with positive factors continuing to take effect in the fourth quarter, government officials and analysts said on Thursday.
Despite facing challenges like shrinking external demand, geopolitical impacts and difficult transformations by domestic manufacturers, they said that the diversification and decentralization of China's export markets have contributed to the stability of foreign trade. Moreover, the robust growth of technology-intensive green products, coupled with a rapid recovery in electronic product exports, has become apparent.
China's foreign trade amounted to 37.96 trillion yuan ($5.3 trillion) from January to November, remaining consistent with the corresponding period from the previous year, said the General Administration of Customs.