WTO report: China's imports and exports contribute to global trade
On the 6th local time, the World Trade Organization released an updated report on "Global Trade Data and Outlook."
The report shows that the performance of global trade in the first half of this year was better than expected; a senior WTO economist said that China's import and export trade has made positive contributions to global trade.
Coleman Ni, a senior economist at the World Trade Organization, said that in the first half of this year, China not only supported intra-regional trade in terms of import demand, but also performed better than expected in terms of exports.
For example, during this period, global exports of personal protective equipment increased by 49%, and the trade volume is expected to reach 98 billion U.S. dollars, of which China contributed 43.8%.
World Trade Organization senior economist Coleman Ny: In the first half of this year, intra-regional trade in Asia fell by 6% year-on-year, but China’s imports from other Asian countries fell by only 1%. China supports intra-regional trade in Asia. Including China, intra-regional trade in Asia will fall by 9%. China not only performs well in exports, but also contributes to global demand in imports.