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The growth rate continued to pick up, and China's foreign trade continued to improve and show resilience
The country's exports in July surged almost 24 percent year-on-year to 2.25 trillion yuan ($330 billion), while imports rose 7.4 percent to 1.56 trillion yuan, said the General Administration of Customs. Total trade in July hit 3.81 trillion yuan, up 16.6 percent from a year earlier. For the first seven months, China's imports and exports totaled 23.6 trillion yuan, rising 10.4 percent year-on-year.
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China's foreign trade is expected to achieve stable growth this year
China's foreign trade is expected to post stable growth this year, despite unprecedented challenges, including high raw material costs and fierce competition from Southeast Asian countries, analysts and trade experts said on Wednesday.
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China absorbed nearly 800 billion yuan of foreign capital, and China's attraction to foreign capital is still strong
Foreign direct investment in China has grown 17 percent year-on-year to 798.33 billion yuan ($117.56 billion) in the first seven months of this year, indicating that the country's ability to attract capital is intact despite challenges threatening the recovery of the global economy, said experts and executives of international companies on Thursday.
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China's foreign trade grows at double-digit pace in June with resilient outlook
China's foreign trade saw a double-digit growth pace in June, a positive indicator that the world's second-largest economy is recovering from the headwinds of COVID-19 outbreaks.
