The volume of China's foreign trade reached a record 3.46 trillion dollars in January-July, the newspaper writes with reference to the Main Customs Administration of the People's Republic of China. This was facilitated by the country's production capacities and growing demand abroad, as well as the diversification of the range of foreign trade partners.
The scale of China's trade growth in recent months has defied the protectionist measures of some Western countries and the blatant increase in tariffs on Chinese goods, the newspaper emphasizes. Analysts are confident that the Chinese economy is stable and competitive, despite the existing internal and external problems.
Li Chang'an, professor at the Academy for the Study of the Open Economy of China at the University of International Business and Economics, predicts further economic growth. The expert noted the importance of more targeted incentive measures taken by the leadership of the People's Republic of China.
