China’s future import and export

With this in mind, China’s future import and export trade will inevitably be greatly affected. According to data released by the General Administration of Customs, in U.S. dollar terms, the export value of goods trade in November 2024 increased by 6.7% year-on-year, which is a decrease of 6 percentage points compared to the year-on-year increase of 12.7% in October. Meanwhile, the import value of goods trade in November decreased by 3.9% year-on-year, with the decline widening further by 2.3% compared to October’s year-on-year decline.Both of China’s economic engines are currently facing a state of stalling. Since this is related to the realization of the country’s second centenary goal, the next few years there will be more significant emphasis on its GDP growth, which means it is crucial for China to achieve the target of 5% economic growth.If China’s economic situation were to be represented by a curve, one end would represent the production side, including the land economy and import-export trade, while the other end would represent the consumption side สล็อต