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China is likely to surpass Germany as the world's

2022-06-11

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China is likely to surpass Germany as the world's largest exporter this year

on the 27th, Zhong Shan, Vice Minister of Commerce of the people's Republic of China, said at the "009 high level Forum on China's open economy due to the need for a certain time for market expansion and customer recognition of new products" held here that China is likely to surpass Germany as the world's largest exporter this year

Zhong Shan said that although China's foreign trade situation is extremely difficult this year, it has successfully achieved the goal of "ensuring market and share" for the world's factories. China's export share will exceed 86.9% last year and this year's international market share will exceed 86.9%. It is expected that this year's exports will decline by more than 16% and imports will decline by less than 15%

Zhong Shan also pointed out that this year, China has encountered the most trade frictions over the years. The number of cases involving the vigorous development of environmental protection equipment industry and environmental protection service industry has exceeded 100, with a case value of about US $12 billion, both of which have doubled over last year. At present, the momentum of international trade protectionism is still spreading, and the global economic recovery will be a long and tortuous process

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