Overseas positive comments on China's foreign trade maintaining strong growth

Source:xinhuanet.com

China's foreign trade maintains a strong momentum and will continue to drive the recovery of the world economy.

In the first five months of this year, the total value of China's trade goods imports and exports increased by nearly 30% year-on-year, and continued to maintain a steady and positive trend of imports and exports. Overseas media and industry insiders generally believe that China's foreign trade maintains a strong momentum and will continue to drive the recovery of the world economy.


According to statistics released by the General Administration of Customs of China, the total value of China's trade goods imports and exports in the first five months of this year reached RMB 14.76 trillion, a year-on-year increase of 28.2% and a year-on-year increase of 21.6%. The data also shows that China's imports and exports with major trading partners such as ASEAN, the European Union and the United States have all achieved growth.


Jeffrey Harry, a senior market analyst at Aoanda Inc., believes that no matter by any standard, China's continued strong import and export data is "very amazing." He said that data show that global demand is gradually recovering.


Jonathan Kafner, senior market strategist at Informa Global Markets, said in an interview with Bloomberg on the 7th that China’s import and export data is “very healthy”. International market demand is gradually recovering. As major developed economies open to the outside world, this trend is likely to continue from the end of the second quarter to the third quarter.


Moody's Investor Services said that the latest data show that the momentum of China's economic recovery has been consolidated and the foundation for economic growth has continued to expand. The international rating agency said in a statement that China's continued economic growth has benefited from strong domestic economic policies and the continued recovery of external demand.


The Associated Press reported that China's imports in May increased significantly. In addition to the increase in international prices of bulk commodities, it also reflects the continued strong demand for raw materials in China's export processing industry. This will help many surrounding raw material suppliers, such as the economic recovery of Asian countries and regions that produce electronic components.


The US Forbes magazine quoted industry insiders as saying that with the gradual recovery of the global economy, the growth momentum of China's foreign trade may accelerate again in the near future.







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