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China's foreign trade hit a record high in the first half (H1) of this year, according to the General Administration of Customs. The trade volume of goods increased by 6.1 per cent year-on-year (YoY), totalling 21.17 trillion yuan (approximately $2.97 trillion) from January to June.
During the first half of 2024, the country’s exports saw an increase of 6.9 per cent, while imports grew by 5.2 per cent.
The second quarter exhibited a notable improvement, with total imports and exports climbing by 7.4 per cent compared to the same period last year. This growth rate was substantially higher than the 4.9 per cent increase in the first quarter of this year and the 1.7 per cent rise observed in the fourth quarter of last year, according to Chinese media reports.
Fibre2Fashion News Desk (DP)