China's green exports further propel foreign trade growth

By Xinhua    |   May 08,2023   15:47:05

In China's pursuit of high-quality and low-carbon development, apparel, home appliances and furniture have given way to three tech-intensive green products as the top drivers of China's foreign trade.

The new "three major ones," namely solar batteries, lithium-ion batteries and electric vehicles, registered a 66.9 percent increase in the first quarter of this year, official data showed. Together they contributed 2 percentage points to the overall export growth, up from 1.7 percentage points for 2022.

A symbol of China's improved trade structure and high-quality trade growth, the rising presence of green exports over the past decade revealed the competitive edge and potential of their respective sectors, analysts say.

China's green exports further propel foreign trade growth