According to a report by Global Times, data released by the General Administration of Customs on the 14th showed that China’s import and export of goods amounted to RMB 39.94 trillion in the first three quarters of this year, marking a year-on-year increase of 18.8%. Specifically, imports and exports in September reached RMB 5.16 trillion, breaking through the RMB 5 trillion mark for the first time in a single month, with a year-on-year increase of 27.5%.
The robust growth of China’s foreign trade has led foreign media to exclaim that it “exceeded expectations,” and they predict that China is poised to achieve a record trade surplus this year. It is also noteworthy that China’s import growth outpaces its export growth, with exports increasing by 16.4% year-on-year in the first three quarters, while imports rose by 22.3% year-on-year.
Relevant scholars told the Global Times that these data have shattered the external smear campaign claiming that “China does not import and does not win together”. The continuous expansion of China’s import scale not only objectively reflects domestic production and consumption demand, but also fully demonstrates the actual effectiveness of China’s orderly expansion of independent and unilateral opening-up. China is both a “world factory” and a “world market”, a “super seller” and a “super buyer”. Against the backdrop of trade protection measures adopted by major global consumer markets, the importance of the Chinese market has become increasingly prominent.
