China’s foreign trade set to grow further

Positive outlook: A worker gestures while a crane prepares to load a container on a truck at the Lianyungang Port Container Terminal in Lianyungang. The country’s exports soared 38.7% on a yearly basis to 4.61 trillion yuan in the first quarter. ─ AFP

BEIJING: China’s foreign trade will maintain its upward momentum in the first half of 2021 after experiencing a strong export performance between January and March, officials and experts say.

Driven by robust demand due to the rapid recovery in major economies, China’s foreign trade amounted to 8.47 trillion yuan (US$1.29 trillion or RM5.33 trillion) in the first quarter of this year, up 29.2% year-on-year (y-o-y), according to the latest data released by the General Administration of Customs.