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
Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient
Elon Musk’s Neuralink has been given a green light to implant its brain chip in a second patient aft2024-05-21Supreme Court gives some military veterans more generous educational benefits
WASHINGTON (AP) — The Supreme Court on Tuesday sided with a decorated veteran of the wars in Afghani2024-05-21New gallery finds footing in Beijing Fun
Sukie Gallery, a new art gallery founded in late 2023, has recently opened its doors in Beijing Fun,2024-05-21Palestinian death toll in Gaza rises to 33,729: Ministry
Smoke rises after an Israeli strike near the Nuseirat refugee camp in central Gaza Strip, April 14,2024-05-21With Djokovic awaiting the winner, Murray trails Hanfmann at rain
GENEVA (AP) — Needing a win to face Novak Djokovic next at the Geneva Open, Andy Murray was saved by2024-05-21Latest I'm A Celebrity eviction sees campmates at a loss as they struggle to feed themselves
I'm A Celebrity...Get Me Out Of Here! Australia is kicking out the stars at a rapid rate. On Tuesday2024-05-21
atest comment