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Prof. Zhuang Rui: Accelerated growth in China's foreign trade reflects strong economic resilience
2020-12-10 10:32:00


China's foreign trade expanded 7.8 percent year on year in November, with exports jumping 14.9 percent year on year in yuan terms. Imports dipped 0.8 percent from a year ago, according to the General Administration of Customs.

In the first 11 months, China's foreign trade of goods totaled 29.04 trillion yuan (about 4.44 trillion U.S. dollars), up 1.8 percent year on year, accelerating from an increase of 1.1-percent in the first 10 months, the administration said in a statement.

"The accelerated growth in foreign trade reflects China's strong economic resilience," said Zhuang Rui, a researcher with the Academy of China Open Economy Studies under the University of International Business and Economics.

As China actively promotes the negotiations and signing of more free trade agreements, the country will see the scale and quality of foreign trade improve, Zhuang said.

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