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China is now a big trader in goods. We do run a trade surplus in goods, but that's not our intention. What we want is more balanced trade. At the same time, China is running a deficit in trade in services, which has continued to widen year by year, including in the financial services sector.
China is Germany's largest market for imports at 0 billion and its third largest export market at 5 billion. It is also the top import and export country for South Korea, accounting for some 25 percent of its global trade in 2017.
China is considered a world leader in technology use, according to the latest report on the Dynamics of Chinese People.
China is one of the world's largest oil buyers, with over 60 percent of its oil consumption coming from imports. The country imported 38.4 million tons of crude oil in August, up 12.9 percent from the same period last year.
China has pledged to eradicate extreme poverty domestically by the end of 2020.