CHINA MAINTAINS GLOBAL LEADERSHIP IN TRADE IN GOODS

BEIJING (Xinhua) - China has maintained its position as the world's largest trading nation in terms of goods for the past five years, with a record share of global exports and imports, the country's customs regulator reported.

China's foreign trade represented 12.8 percent of the world total during the first 10 months of 2020. The figure is higher than the 11.9 percent registered in 2015 and marks an all-time high, said the head of the General Administration of Customs, Ni Yuefeng.

The official added that the country's total imports and exports increased 17.2 percent to reach 146.37 trillion yuan (about 22.57 trillion dollars) during the period of the 13th Five-Year Plan (2016-2020).

China emerged from the global economic and trade challenges of 2020 as the world's only major economy to see growth in its foreign trade in goods, an administration spokesman said earlier this month.

Source: DGCI

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