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Yearender-Economic Watch: Rising above COVID-19 blow, China's foreign trade adds vitality to global market

Xinhua| Updated:  December 29, 2020 L M S

NEW HIGHLIGHTS

Behind the solid recovery, China's shifting engines of economic growth were also in evidence.

General trade, involving longer production chains and better reflecting the country's manufacturing strength, rose 3.2 percent year on year during the 11-month period, taking a larger share in the total trade of goods.

Besides, Chinese exports have moved up the value chain, said Li Xingqian, an MOC official, noting that mechanical and electrical products reached 59.3 percent of the country's total exports in the first 11 months.

During the period, the exports of high-tech and high value-added products also logged robust growth, with the exports of integrated circuits, computers and medical devices rising 14.8 percent, 10.7 percent and 44.5 percent, respectively.

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