BEIJING: China’s rosy foreign trade performance will sustain its gross domestic product (GDP) growth momentum in the first quarter of this year, consolidating the country’s fundamentals for steady and sound economic growth in the post-pandemic era, according to observers and business leaders.
With the country’s foreign trade soaring 32.2% year-on-year (y-o-y) to 5.44 trillion yuan (US$828.6bil or RM3.4 trillion) in the first two months of the year, they projected that China’s economy and opening-up will add greater impetus to the global business recovery in the first quarter and give support to its 6% plus GDP target for 2021.
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