China says 2021 trade strong, warns of tough 2022

30 December 2021
2021-12-30 13:57

China's foreign trade performance of the year 2021 has been strong, but will likely face setback next year, the authorities announced on Thursday.

China's import and export volumes is expected to reach 6 trillion US dollars in 2021, a year-on-year increase of over 20 percent, China's Vice Minister of Trade said.However, the growth rates of China's foreign trade are starting to slow down quarter on quarter. The year-on-year growth rates of China's imports and exports this year were 29.7 percent, 25.2 percent and 15.2 percent in each quarter respectively. China's import and export volume of the first 11 months in 2021 reached 5.48 trillion US dollars, a year-on-year increase of 31.3 percent.

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