Economist: China's foreign trade will maintain growth momentum

Foreign trade in China surged over 5% in the first three quarters of 2024, reaching a record 32 trillion yuan (approximately $4.44 trillion). Each quarter exceeded 10 trillion yuan, marking a new milestone. Zhu Haibin, Chief China Economist at J.P. Morgan, noted that this growth reflects the resilience of China’s economy. He predicts that the foreign trade sector will continue to maintain its growth momentum over the next four years, despite challenges posed by the global economic slowdown.