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China becomes largest goods trade country

China's goods trade has posted robust growth in the past seven decades thanks to the country's reform and opening-up efforts. Goods trade volume stood at only $1.13 billion in 1950, while the number surged to $4.6 trillion in 2018, the National Bureau of Statistics said in a report. Average annual trade growth remained less than 10 percent from 1950 to 1977 under the centrally planned economy, but quickened to about 14.5 percent after the launch of reform and opening-up in 1978.The country's goods trade only accounted for 0.8 percent of the global total in 1978, while the number soared to 11.8 percent in 2018. China overtook the United States to become the world's largest goods trade country in 2013 for the first time.