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China's cross-border e-commerce grew strongly in 2024: ministry

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China

China

China's cross-border e-commerce grew strongly in 2024: ministry

2025-01-16 03:49 Last Updated At:06:17

China's cross-border e-commerce imports and exports surged by 10.8 percent in 2024, reflecting growing demand from international consumers for high-quality Chinese products, according to China's Ministry of Commerce.

The ministry noted that China's foreign trade has shown remarkable resilience in the past year despite a challenging global environment.

The total value of China's trade in goods reached 43.85 trillion yuan (around 6.16 trillion U.S. dollars) in 2024, representing a 5-percent increase over the previous year. Imports saw a record-breaking rise of 2.3 percent, maintaining China's position as the world's second-largest importer for the 16th consecutive year.

The number of foreign trade entities also increased, with nearly 700,000 companies reporting import and export activities in 2024.

China's export structure continued to improve last year, the ministry said, with mechanical and electrical products accounting for 59.4 percent of total exports. The exports of energy storage products, smart home devices, and other green, low-carbon, intelligent and digital products saw rapid growth, while traditional sectors like textiles and apparel were increasingly focusing on brand development and technological enhancements.

"New business forms have demonstrated vitality. In 2024, China's cross-border e-commerce imports and exports grew by 10.8 percent, contributing to 6 percent of the country's foreign trade. This allows more high-quality products to reach overseas consumers directly," said Meng Yue, deputy director of the ministry's Department of Foreign Trade, at a press conference in Beijing on Wednesday.

The ministry highlighted that China's trade with traditional markets continued to grow in 2024, while its trade with countries participating in the Belt and Road Initiative (BRI) became an even larger portion of the total, accounting for 50.3 percent.

At present, China is a primary trade partner for over 150 countries and regions and has signed 23 free trade agreements with 30 countries and regions across five continents.

In the first three quarters of 2024, China's contribution to global import growth reached 20.3 percent, significantly boosting the recovery of the world economy.

China's cross-border e-commerce grew strongly in 2024: ministry

China's cross-border e-commerce grew strongly in 2024: ministry

Director of the 2025 China Media Group (CMG) Spring Festival Gala Yu Lei took part in the torch relay for the 2026 Milan-Cortina Winter Olympics in Rome on Saturday.

The relay began at the Stadio dei Marmi on Saturday morning, marking the start of a two-month journey ahead of next year's opening ceremony.

"In 2022, I was very fortunate to be part of the core creative team for the opening and closing ceremonies of the Beijing Winter Olympics. The experience, especially witnessing the Milan-Cortina eight-minute presentation at the closing ceremony, is still vivid in my memory. It was broadcast worldwide through CMG. Being here in Rome today for the torch relay, I hope the Olympic spirit and the brilliance of the Winter Olympics will continue from Beijing to Milan," Yu said.

The opening leg of the torch relay began at Rome's Stadio dei Marmi and stretched about 30 kilometers, passing several historic landmarks.

Locals lined the streets to witness the event, proudly celebrating Rome's role in carrying forward the Olympic flame.

"I like it (the torch relay). Rome is an international metropolis that can host all these types of events," said Antonio, an Italian spectator.

The torch will traverse 12,000 kilometers over 60 days across Italy, passing through more than 300 municipalities, featuring celebrations in 60 cities, reaching all 110 Italian provinces, and lighting up UNESCO sites along the route.

More than 10,000 torchbearers from all walks of life will take part in the journey, including figures from the worlds of sports, culture, film, and civil society.

The relay will conclude on February 6 at Milan's San Siro Stadium.

CMG Spring Festival Gala director takes part in Winter Olympics torch relay in Rome

CMG Spring Festival Gala director takes part in Winter Olympics torch relay in Rome

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