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China's foreign trade hit a record high in 2024, growing 5% despite global challenges.
Despite challenges like rising protectionism and geopolitical tensions, China's foreign trade grew 5% to a record 43.85 trillion yuan in 2024.
Chinese companies have adapted by innovating, expanding globally, and upgrading industries.
This includes building overseas factories and warehouses and increasing R&D investment.
Mechanical and electrical exports, which make up 59.4% of total exports, grew 8.7% year-on-year, showing resilience and competitiveness in the global market.
2 months ago
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