BEIJING: China’s foreign trade will continue its upward trend this year, though it is vital for the government and exporters to curb the pressure brought by high commodity prices and shipping container costs, according to experts and business leaders.
They commented after the general administration of customs announced that China’s foreign trade soared 28.2% year-on-year (y-o-y) to 14.76 trillion yuan (RM9.7 trillion) in the first five months of this year, reflecting that China’s exports and imports are picking up growth momentum that is increasingly driven by domestic demand as well as booming overseas orders.