Emerging markets boosting export orders
5 months, 1 week ago

Emerging markets boosting export orders

China Daily  

Emerging markets boosting export orders By ZHONG NAN China Daily Updated: Oct 22, 2024 View of Chinese-made vehicles to be exported at Yantai Port in Shandong province on Oct 14. "After mid-October, we will focus on non-Christmas-themed toys and expanding into emerging markets," said Wang, adding the company's total export orders for the Christmas season have reached 6.95 million yuan this year, a 37 percent increase over the same period in 2023. China's foreign trade grew 5.3 percent year-on-year to 32.33 trillion yuan in the first three quarters, with exports up 6.2 percent, said the General Administration of Customs. As emerging markets such as Southeast Asia, the Middle East and Latin America boast large, young populations and growing middle-income groups, Peng Bo, a researcher specializing in foreign trade at the Chinese Academy of International Trade and Economic Cooperation in Beijing, said these factors will further drive demand for consumer goods, technology and infrastructure — areas where Chinese companies excel. For example, China saw its foreign trade value with the Association of Southeast Asian Nations soar 9.4 percent year-on-year to 5.09 trillion yuan between January and September, Customs data show.

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