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In 2024, China's foreign trade surpassed the 42 trillion and 43 trillion yuan marks consecutively, with total import and export value reaching 43.85 trillion yuan, marking a year-on-year increase of 5% and setting a new historic high in scale. In terms of incremental growth, the annual expansion of foreign trade amounted to 2.1 trillion yuan, equivalent to the total foreign trade volume of a medium-sized country in one year. Facing a complex and challenging international environment, China's foreign trade has risen above pressure and faced difficulties head-on, pushing the scale of merchandise trade to a new level and steadily improving its development quality, thereby contributing continuously to global economic and trade development.
In 2025, there are numerous favorable conditions for the development of China's foreign trade: Firstly, the global economy and trade are still in the process of recovery. The World Trade Organization expects global merchandise trade volume to grow by 3% this year. Secondly, China's economy continues to rebound and improve, with the combined effects of macro policies becoming increasingly evident, effectively boosting social confidence. Thirdly, new drivers of foreign trade are accelerating their release, with green and digital transformation pace continually quickening. Fourthly, policies aimed at stabilizing foreign trade continue to gain momentum, providing more support for enterprises to innovate, upgrade, and expand into international markets. Fifthly, China's opening-up is reaching a higher level, and its massive market offers more opportunities for global goods.
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