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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.
FIRST-quarter GDP data have shown China’s economic recovery is continuing, as underpinned by steady policy support. At the same time, more precautionary policies can be expected to cope with potential economic changes.
PRESIDENT Xi announced recently that: “our aim is to turn the China market into a market for the world; a market shared by all, and a market accessible to all. This way, we will be able to bring more positive energy to the global community.”
BEIJING: More efforts are needed for China to have a far greater say in the cotton textile industry and participate more in setting prices and formulating standards, according to experts.
BEIJING: With the easing of the Covid-19 pandemic and vaccinations becoming broad-based, the growth rate of China’s foreign trade is likely to experience a high-speed expansion in the first half of this year and a relatively slower growth pace in the second half.
BEIJING: China’s imports surged by the fastest pace in a decade last month as domestic demand gained more traction, but policy support is still needed in order to consolidate economic recovery and help hard-hit businesses, officials and experts said.