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15-01-2022, 11:59 AM
Published: Jan 14, 2022 08:20 PM
China's trade topped US$6 trillion for the first time in 2021, customs data showed on Friday, as the economy, a global forerunner in containing the COVID-19, continued a solid recovery over the past year.
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The country's foreign trade in US dollar terms stood at US$6.05 trillion in 2021, with the reading exceeding the US$5 trillion mark before topping US$6 trillion in the same year, eight years after the country achieved US$4 trillion in foreign trade.
It grew in 2021 by US$1.4 trillion, equivalent to the annual foreign trade in 2005
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exports soaring 29.9 percent for the whole of 2021 while import growth standing at 30.1 percent.
......
The brisk trade growth will be likely trend lower this year alongside an overall downturn, while a resilient economy is still here to stay
......
If the virus situation was to wane in the US and Europe later this year, global supply chains that have been battered by the pandemic would be on path for a revival. As a consequence, China, having played a central part in filling global supply chain gaps, tends to get fewer orders
......
China's local government debt levels are much lower than that in the West
......
the waning of the pandemic globally could be a shot in the arm for local households' spending, and would also boost domestic consumption.
https://www.globaltimes.cn/page/202201/1245973.shtml
China's trade topped US$6 trillion for the first time in 2021, customs data showed on Friday, as the economy, a global forerunner in containing the COVID-19, continued a solid recovery over the past year.
......
The country's foreign trade in US dollar terms stood at US$6.05 trillion in 2021, with the reading exceeding the US$5 trillion mark before topping US$6 trillion in the same year, eight years after the country achieved US$4 trillion in foreign trade.
It grew in 2021 by US$1.4 trillion, equivalent to the annual foreign trade in 2005
......
exports soaring 29.9 percent for the whole of 2021 while import growth standing at 30.1 percent.
......
The brisk trade growth will be likely trend lower this year alongside an overall downturn, while a resilient economy is still here to stay
......
If the virus situation was to wane in the US and Europe later this year, global supply chains that have been battered by the pandemic would be on path for a revival. As a consequence, China, having played a central part in filling global supply chain gaps, tends to get fewer orders
......
China's local government debt levels are much lower than that in the West
......
the waning of the pandemic globally could be a shot in the arm for local households' spending, and would also boost domestic consumption.
https://www.globaltimes.cn/page/202201/1245973.shtml
