Foreign trade to stay resilient this year

Strong footing: Electric cars for export stacked at the Taicang Port in Suzhou. China’s GDP grew 5.3% year-on-year in the first quarter, providing a solid foundation for consolidating the fundamentals of foreign trade. — AFP

BEIJING: China’s foreign trade, buoyed by the steady upturn of the domestic economy and an improved trading structure increasingly driven by high-tech and green products and export market diversification, will continue to exhibit resilience this year, according to officials and executives.

That said, weighed down by sluggish external demand, intensifying geopolitical tensions and rising trade protectionism, the growth of the country’s foreign trade is not without challenges, they said, calling for more forceful measures to help businesses better navigate the complex international landscape.