Policies to expand foreign trade will give competitiveness a boost

As external demand and supportive policies improve, China's trade in goods reached a new high in the first half of 2024, with overall foreign trade exceeding 21 trillion yuan ($2.9 trillion), and export growth in June of 10.7 percent year-on-year, exceeding all expectations.

The improving external demand and accelerated development of new business forms will continue to support China's import and export.

More important, China's recovering foreign trade, featured as steady growth in quantity and significant improvement in quality, will ensure the integrity and stability of the global industry and supply chains.