China’s Trade Grows by 4.9% in 2024! 🚀
Hey kids! Did you know that China, one of the biggest countries in the world, has been super busy trading with other countries this year? Let’s dive in and see what’s happening!
What is Trade?
First of all, trade is when countries buy and sell things with each other. It’s like swapping toys with your friends, but on a much bigger scale!
China’s Big Numbers 🏦
In the first 11 months of 2024, China traded goods worth 39.79 trillion yuan! That’s a huge number that looks like this: 39,790,000,000,000 yuan. In US dollars, that’s about $5.49 trillion! 😲
This is a growth of 4.9% compared to last year. That means China traded more things than before.
Exports and Imports 📦
Exports are things China sells to other countries. They were worth 23.04 trillion yuan, which is a 6.7% increase!
Imports are things China buys from other countries. They were worth 16.75 trillion yuan, growing by 2.4%.
Who is China Trading With? 🌍
China’s top trading buddies are:
- ASEAN (a group of Southeast Asian countries)
- The European Union (EU)
- The United States (US)
- South Korea
Trade with these countries grew a lot! For example, trade with ASEAN grew by 8.6%.
Why Does This Matter?
When countries trade more, it can mean they are making more things and people have jobs. It can also mean we get cool stuff from other places!
China’s Plans for the Future 🛠️
In November, China announced new ideas to keep trade growing. They want to make trading easier and faster!
Conclusion 🎯
China’s trade growth is like watching a rocket take off! 🚀 It’s exciting to see how countries work together and how it affects all of us.
What do you think about China’s big trade numbers? Share your thoughts!
Reference(s):
cgtn.com
