China imports 7.4 trln yuan of consumer goods in 2021-2024

China

China imports 7.4 trln yuan of consumer goods in 2021-2024

2025-07-18 14:13 Last Updated At：19:37

China has imported consumer goods worth 7.4 trillion yuan (about 1.03 trillion U.S. dollars) between 2021 and 2024, the first four years of the 14th Five-Year Plan period (2021-2025), said China's Commerce Minister Wang Wentao in Beijing on Friday when briefing the media on China's achievements in high-quality development. Wang noted that opening up is one of the key words in the consumption sector during the five-year period, with domestic and overseas markets interacting with and promoting each other.

"On the one hand, more high-quality products and services have entered China. We have grown international consumption center cities and established demonstration zones for import promotion and innovation. We have hosted editions of the China International Import Expo and the China International Consumer Products Expo. From 2021 to 2024, we imported consumer products worth 7.4 trillion yuan. This reflects how China's super-sized market contributed to global development," he said.

Click to Gallery

China imports 7.4 trln yuan of consumer goods in 2021-2024

More Images

China imports 7.4 trln yuan of consumer goods in 2021-2024

"On the other hand, we have expanded the range of unilateral visa-free countries, and more guests from abroad have come to China for shopping, experiencing the charm of 'China Shopping'. We launched the 'Buy in China' campaign and optimized the departure tax refund policies. In 2024, inbound tourists spent 94.2 billion U.S. dollars in China, a remarkable increase of 77.8 percent. 'China Tourism', popularized by online celebrities, has generated increments in 'China Shopping'," said the minister.

US cannot legitimize operation against Venezuela: Chinese scholar

The United States cannot legitimize an operation that attacked Venezuela and captured its president, a Chinese scholar said Sunday.

On Saturday, the United States launched a large-scale strike on Venezuela, during which Venezuelan President Nicolas Maduro and his wife were 'captured and flown out of Venezuela' according to a post by U.S. President Donald Trump on his Truth Social account.

Teng Jianqun, director of the Center for Diplomatic Studies at Hunan Normal University, said in an interview with China Global Television Network (CGTN) that the aim of this operation is to take full control of Venezuela’s natural resources.

"I don't think the United States can legitimize this operation to take custody of the president of Venezuela. And also I don't think the United States can legitimize its any action in taking the oil reserves of that country. This is actually a very dangerous game played by the Trump administration. And of course, the United States would like to take full control of that country and to take full control of the natural resources, especially the large reserve of oil in Venezuela," said Teng.

Teng said Venezuela is not an isolated case but a common practice by the United States. The United States launched an invasion of Panama on Dec. 20, 1989, which continued until January 1990, with the stated objective of capturing Panamanian strongman Manuel Noriega on charges of drug trafficking and organized crime.

"We still remember the so-called sentence of the former president of Panama in the late 1980s. And this time, the president of Venezuela will be under some judicial condition (judicial proceedings) for the so-called drug trafficking and some other crimes. So I think this is not a single case for the Venezuela country, but also this is actually a practice by the United States -- to use force, to use so-called justice under law against any leaders in Latin America and the Caribbean waters," he said.