China’s foreign trade expected to exceed $6 trillion in 2021!

[xuxu1457]

China’s foreign trade expected to exceed $6 trillion in 2021!

China remains the world’s LARGEST TRADER with its total imports and exports of goods

It is expected to reach a new high of 6 trillion USD in 2021 despite the pandemic and sanctions， which will see an over 20 percent increase from 2020, rises by 1.3 trillion USD

The increase in export of goods contributed 27.8 percent to China’s GDP growth, and a 14.1 percent to global export trade in the first three quarters of 2021，export isaccount 18% of China GDP

The whole structure of China’s trade presents new characteristics

Emerging markets play a more pivotal role

China’s exports to such markets account for
49.5 percent of the total exports in first 11 months

Modern manufactures exports surge with exports of machinery and electronic products accounting for 59 percent of national total

Exports of electric passenger cars increased by
2.5 times

Cross-border e-commerce and trade service sector play a more important role

Along with the expansion, 184,000 foreign trade operators newly set up in 2021which made an outstanding contribution to China's employment

Facing the uncertainties and challenges next year, China has rolled out some new plans -

To set up a big data business platform for trade forecasting, early-warning and evaluating

To designate more pilot zones for cross-border e-commerce

And spare no effort to ensure a stable and smooth supply chain

Last but not least, China vows to take RCEP as a major chance promote the high-quality development of foreign trade

Editor: Bonnie

 

[shi12jun]

China lost the Sino-US trade war, and the United States won. The Chinese economy has collapsed! China’s GDP collapsed from 14.72 trillion US dollars in 2020 to 17.7 trillion US dollars in 2021. The Chinese economy has failed!

 

[Shotgunner51]

To set up a big data business platform for trade forecasting, early-warning and evaluating

Ministry of Commerce to setup a trade version of AEW&C? Sounds like an essential for trade war

 

[leviathan]

China lost the Sino-US trade war, and the United States won. The Chinese economy has collapsed! China’s GDP collapsed from 14.72 trillion US dollars in 2020 to 17.7 trillion US dollars in 2021. The Chinese economy has failed!

what a horrable news!

 

[kankan326]

Humanity aside, covid did help China. After Trump launched trade war to China, covid came. Sometimes I thought God is on China's side. Strangely we don't even believe God.

 

[Stranagor]

China lost the Sino-US trade war, and the United States won. The Chinese economy has collapsed! China’s GDP collapsed from 14.72 trillion US dollars in 2020 to 17.7 trillion US dollars in 2021. The Chinese economy has failed!

And its trade volume is comfortably twice that of the US. Probably, in the 1950s, when the rest of the world was in rumbles, US did not have this domination. And China has done it peaceful, without changing a single foreign regime by trick or force.

 

[shi12jun]

what a horrable news!

Calculated in US dollars this year, China has increased in one year, an Indian GDP 莫迪老仙法力无边

 

[Beidou2020]

This is data according to WTO:

2020	China ($bn)	US ($bn)
Merchandise Exports	2,591	1,432
Merchandise Imports	2,056	2,408
Commercial Service Exports	278	684
Commercial Service Imports	378	436
Merchandise Trade	4,647	3,840
Commercial Service Trade	656	1,120
Total Trade	5,303	4,960

 

[kankan326]

Calculated in US dollars this year, China has increased in one year, an Indian GDP 莫迪老仙法力无边

I think it's too optimistic by saying China's GDP grew that much. Maybe less than your estimation. Otherwise the whole "India catching up with China" thing would become meaningless.

 

[shi12jun]

I think it's too optimistic by saying China's GDP grew that much. Maybe less than your estimation. Otherwise the whole "India catching up with China" thing would become meaningless.

This year's GDP will reach RMB 114.3 trillion, and this year at an average exchange rate of 6.451 US dollars should be US$17.7 trillion.

 

[shi12jun]