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China£§s foreign trade hits record high in 2020 with trend-bucking growth

2021-01-26

 

 

BEIJING ¡ª China¡¯s total goods imports and exports expanded 1.9 percent year-on-year to 32.16 trillion yuan (about 5 trillion USD) in 2020, hitting a record high despite a worldwide slump in shipments, official data showed on Jan 14.

Exports rose 4 percent, while imports went down 0.7 percent, according to the General Administration of Customs (GAC). In December alone, exports surged by 10.9 percent year-on-year in yuan terms.

China emerged from the global economic and trade challenges in 2020 as the world¡¯s only major economy to have registered positive growth in foreign trade in goods, GAC spokesperson Li Kuiwen told a news conference.

During the first 10 months of last year, the country¡¯s foreign trade and exports accounted for 12.8 percent and 14.2 percent of the world£§s total, respectively, both reaching historic highs, Li said, citing data from the World Trade Organization and available national statistics.

 

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