Aerial photo taken on Nov. 3, 2020 shows the container dock of Yangshan Port in Shanghai, east China. (Xinhua/Wang Xiang)

Globally, China's position in the global industrial chain will likely rise as "the first to pass the global stress test of the COVID-19 pandemic," Reuters quoted Xing Ziqiang, chief economist with Morgan Stanley China as saying.

BEIJING, Jan. 3  -- China's foreign trade, with its "dark horse" performance in 2020 amid a pandemic-induced global recession, is expected to further stabilize in 2021, Reuters said in a recent analysis.

Quoting several economic experts, the British news outlet wrote in its Chinese online edition that China's foreign trade is expected to sustain due to an early recovery from COVID-19.

China's foreign trade has shouldered the responsibility of filling the gaps in global industrial chains, Reuters said, acknowledging the Asian economy's key position in the global economic recovery.

The country's foreign trade of goods totaled 29.04 trillion yuan (about 4.45 trillion U.S. dollars) in the first 11 months in 2020, up 1.8 percent year on year in yuan terms, accelerating from an increase of 1.1-percent in the first 10 months, according to data from China's General Administration of Customs.