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  • Beijing Review

    Warming Up

    Dec 03, 2020 4 minutes
    By Li Xiaoyang
    Copyedited by Garth Wilson

    As the impacts of the novel coronavirus disease (COVID-19) gradually ease in China, the tide is turning for foreign trade, with production rebounding and work resumption accelerating in recent months. According to data released by the General Administration of Customs of China (GACC), foreign trade in goods totaled 25.95 trillion yuan ($3.91 trillion) in the first 10 months of the year. This represented a year-on-year increase of 1.1 percent, compared with 0.7 percent in the first three quarters.

    The recovery was the result of a portfolio of new measures to support foreign trade firms, including enhanced credit services, simplified

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