My Tiny Feed

europe.chinadaily.com.cn

China's 2024 Foreign Trade: Growth and Challenges

Analysis of China's foreign trade performance in 2024, highlighting growth, challenges, and strategies for the future.

English

China

International RelationsChinaTradeInternational TradeGlobal EconomyGrowth

General Administration Of CustomsAcademy Of China Council For The Promotion Of International TradeHisense Ronshen (Yangzhou) Refrigerator CoChina Everbright BankMinistry Of Commerce

Lyu DaliangZhao PingMa LiliZhou MaohuaHe YongqianTang Wenhong

How are Chinese companies responding to potential challenges in the global market?: Chinese companies are adapting by expanding sales in emerging markets like Indonesia, Brazil, and Saudi Arabia, and customizing products to meet local needs. This diversification strategy aims to mitigate risks from market volatility in traditional markets.
What was the growth rate of China's foreign trade in goods from January to October 2024?: China's foreign trade showed a 5.2 percent year-on-year increase to 36.02 trillion yuan ($5.03 trillion) from January to October 2024. Exports rose by 6.7 percent to 20.8 trillion yuan during the same period.
What are the main risks facing Chinese exporters, and what is the outlook for future trade?: Major risks for Chinese exporters include protectionism, unilateralism, and supply chain disruptions due to geopolitical conflicts. Despite these challenges, global demand driven by urbanization and industrialization continues to expand, offering opportunities.
What factors contributed to the growth of China's foreign trade, and what are the challenges?: The growth is attributed to government policies and increased demand for Chinese electromechanical products, particularly in emerging markets. Challenges include potential higher tariffs and protectionist policies from other countries.
What is China's stance on trade relations with the US and its position on global trade practices?: China is willing to communicate with the US, expand cooperation, and resolve differences to promote stable and sustainable Sino-US economic and trade relations. China also opposes protectionism and "decoupling" activities.

Jan 22, 01:08

Trump Memo Orders Review of Unfair Foreign Trade Practices

President Trump's January 20 Memorandum on America First Trade Policy directs executive agencies to report by April 1 on actions to counter unfair foreign trade practices, focusing on using Anticompetitive Market Distortions analysis for effective remedies and potentially forming international coalitions.

Dec 25, 07:05

Trump's Assertive Foreign Policy Signals Shift in 'America First' Agenda

President-elect Donald Trump's recent threats to reclaim the Panama Canal due to high fees charged to US ships, and his previous suggestions about annexing Canada and Greenland, signal a more assertive foreign policy focused on US trade and national security interests, despite the low likelihood of achieving these goals.

Dec 22, 16:07

Trump Considers Retaking Control of Panama Canal

President Trump advocates for the US to reclaim control of the Panama Canal, citing unfairly high fees and concerns over Chinese influence; this follows a record $5 billion revenue year despite operational challenges due to drought.

Dec 11, 07:11

China's Foreign Trade Soars Amidst Global Demand

China's foreign trade surged 4.9 percent year-on-year to $5.5 trillion in January-November 2023, exceeding seasonal trends due to robust global demand, policy adjustments, and private sector innovation in high-tech exports; exports to the US and BRI economies grew by 4.2 percent and 6 percent respectively.