China's foreign trade reaches 23.55 trn yuan in Jan-July 2023

However, the data also revealed a significant drop in foreign trade in July alone, declining 8.3 per cent compared to the same period last year.

A breakdown of the numbers shows mixed results. Exports during the seven-month period experienced growth, increasing by 1.5 per cent YoY to 13.47 trillion yuan. On the other hand, imports faced a decrease of 1.1 per cent from the previous year, totalling 10.08 trillion yuan.

ALCHEMPro News Desk (DP)