China says ‘confident’ in maintaining stable foreign trade in 2023

China is confident of keeping its foreign trade volume and global market share generally stable this year, the Ministry of Commerce told a press conference on Thursday.

He Yadong, spokesperson for the ministry, said China’s foreign trade has shown relatively strong resilience this year, overcoming the impact of a shrinking external demand, the downward trend of prices and last year’s high base.

Looking forward to 2024, He said that the country is faced with external uncertainties but is also witnessing an increasing number of favorable factors for economic development.

The dividends of China’s opening up will continue, and new products as well as new business forms in foreign trade will unleash more potential, according to the spokesperson.

“With the support of various policies to stabilize the economy and foreign trade as well as the joint efforts from enterprises, China is confident of maintaining the upward momentum in its foreign trade recovery,” he said.

(Cover: File photo of the port of Qingdao, east China’s Shandong Province. /CFP)

Source(s): Xinhua News Agency

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