China's increased foreign trade in 2022 reflects the country's economic strength despite domestic and international challenges, said an Egyptian economist in a recent interview with Xinhua.
China achieved a 7.7-percent rise in foreign trade in 2022, topping the world for the sixth year in a row. This represents "an unprecedented economic accomplishment by all means at the worldwide level," said Moatasem Rashed, a veteran economic consultant for the Egyptian Federation of Investors Associations.
China's annual foreign trade value hit a record high again in 2022, as total goods trade reached 42.07 trillion yuan (6.21 trillion U.S. dollars), up 7.7 percent year on year, according to a recent report from China's General Administration of Customs (GAC).
It is the first time for China's annual foreign trade to exceed 40 trillion yuan (5.9 trillion dollars), said the GAC.
Meanwhile, Chinese exports rose by 10.5 percent to 23.97 trillion yuan (3.54 trillion dollars) and imports went up 4.3 percent to 18.1 trillion yuan (2.67 trillion dollars) in 2022.
"These data show the ability and insight of the Chinese
