China remains top merchandise exporter in 2023 for 7th straight year
China remained the top merchandise exporter in 2023 for the seventh straight year with its share in world exports at 14.2 percent, almost the same as the level in 2022, the Ministry of Commerce said.
The ministry made the remarks in response to the latest edition of World Trade Organization's (WTO) "Global Trade Outlook and Statistics," which foresees a gradual recovery in world merchandise trade volume in 2024 and 2025, following a contraction in 2023.
China stayed as the second top merchandise importer in 2023 with a share of 10.6 percent, basically the same with the level in 2022, the ministry said.
Despite the difficult recovery of the world economy, China has maintained steady performances in world merchandise trade, showing strong growth resilience, the ministry noted.
This showed that China's quality products are welcomed by the global market and imports into China's large domestic market have helped drive the economic growth of other countries, the ministry said.
The WTO report also cautioned that there is a high degree of uncertainty associated with the current forecast due to the large number of risk factors present in the global economy, including regional conflicts, geopolitical tensions, and rising protectionism.
Related articles
Egyptian, Chinese students mark UN Chinese Language Day in Cairo
Egyptian students taste Chinese tea during a ceremony to celebrate Chinese Language Day in Cairo, Eg2024-04-30Netflix fans go wild over 'absolutely brilliant' new drama but are surprised by a shock cameo
Netflix fans have gone wild over a new drama that they have hailed as 'absolutely brilliant'. Scoop2024-04-30- Middle-aged multimillionaires are fuelling London's booming mansion market, as the average age for b2024-04-30
9/11 first responder 'who shot a man dead in a South Carolina Chick
A 9/11 first responder is in custody in South Carolina where he's accused of shooting dead a man he2024-04-30Who is Humza Yousaf's wife Nadia El
As Humza Yousaf sensationally resigned today, capping an extraordinary meltdown triggered by sacking2024-04-30- Middle-aged multimillionaires are fuelling London's booming mansion market, as the average age for b2024-04-30
atest comment