Hey there! Did you know that China has been trading a lot more this year? Let’s dive into what that means!
What is Trade?
Trade is when countries buy and sell things to each other. It’s like swapping toys with your friends, but on a much bigger scale!
China’s Trade Growth
China’s total trade (that’s imports and exports together) grew by 4.9% compared to last year. That’s like getting almost 5% more stuff this year than last! 🛍️
- Exports (things China sells to other countries) went up by 6.7%. They reached 23.04 trillion yuan, which is about $3.5 trillion! That’s a lot of smartphones, clothes, and toys sent around the world! 📱👕🎲
- Imports (things China buys from other countries) increased by 2.4%, reaching 16.75 trillion yuan. So, China is also buying more things like food, oil, and technology from other places! 🍎⛽️💻
Why Does This Matter?
When trade grows, it can be a sign that countries are doing well. More trade can mean more jobs and more choices of products for everyone!
So next time you pick up something made in China, you’ll know a bit more about how it got to you! 🌍✨
— The data comes from China’s General Administration of Customs, which keeps track of all this information.
Reference(s):
Chart of the Day: China's foreign trade up 4.9% in first 11 months
cgtn.com
