SHANGHAI: China’s financial hub Shanghai has taken the top spot in total foreign trade volume last year, followed by Shenzhen and Beijing, according to a report released by Chinese financial news outlet Yicai.
China’s foreign trade grew by 1.9% year-on-year (y-o-y) to 32.16 trillion yuan (US$5 trillion or RM20.74 trillion) in 2020, hitting a record high, according to the General Administration of Customs. Its exports rose 4% y-o-y to 17.93 trillion yuan and imports went down 0.7% to 14.22 trillion yuan.
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