July 12, 2024

China set a new record for foreign trade in goods in the first half of 2024, representing a year-on-year increase of 6.1 percent to 21.17 trillion yuan ($2.9 trillion), data released by the General Administration of Customs (GAC) showed on Friday.

The data was released ahead of the third plenary session of the 20th Communist Party of China Central Committee, which will be held from July 15 to 18 in Beijing. Chinese experts noted that the better-than-expected trade performance indicated that despite geopolitical uncertainties, Chinese modernization is steadily advancing with the continuous improvement in its industrial structure. 

Over the past years, China has continued to open its doors to the world, greatly contributing to the stability of the global industrial chain and supply chain, injecting more growth momentum into the world's economy, analysts said.

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