According to China's National Bureau of Statistics

 Cargo ships loading and unloading foreign trade containers at Qingdao Port, Shandong Province, China, Feb 3. 2025. /CFP

 In 2024. China signed 28 cooperation agreements with 24 countries and regions, including ASEAN, Germany, Italy, and Brazil, fostering industrial development, as well as information and communication technology and SME cooperation. Fifteen Chinese-foreign SME cooperation zones have been established in Guangdong, Jiangsu, and Zhejiang provinces.

 According to China's National Bureau of Statistics, the country's total trade volume reached 43.85 trillion yuan ($6.13 trillion) in 2024. up 5.0 percent from the previous year, with exports rising 7.1 percent to 25.45 trillion yuan and imports increasing 2.3 percent to 18.39 trillion yuan. The global expansion program will boost competitiveness of the SMEs and further integrate them into global markets.