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CHINA'S FOREIGN TRADE RECOVERY BEATS EXPECTATIONS

Mon Mar 27 2023

China's foreign trade has recovered better than expected in the first half of this year, Yicai reported on Thursday.

China's imports and exports in February exceeded $411.2 billion, up 1.3 percent year-on-year in US dollar terms with imports in February reaching $197 billion, up 4.2 percent year-on-year, according to the data of the General Administration of Customs updated on March 18.

Digitalization can help businesses to quickly know what features, such as color and shape, are preferred in the overseas markets, and videos can help to maintain customers and generate profits.

Intelligence and video will define the next generation's foreign trade experience besides the added value brought by science and technology to products and brands made in China, said expert.

Currently, integration of digital and real economy has become the standard in foreign trade. Foreign trade merchants of different types can find new business increments through digitalization.


Souce: China Daily


About CTJPA

Founded in 1986, China Toy and Juvenile Products Association (CTJPA) is the only nation-wide non profit trade association representing the interests of Chinese toy and juvenile product industry. The registered members of CTJPA consists of toy and baby product manufacturers from more than 30 production hubs, distributors / retailers from 330 major cities of China and multinational toy companies from the U.S, Europe and Japan.

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