LINE

Text:AAAPrint
Economy

China's foreign trade expands 2.4 pct in first 11 months

2019-12-09 08:35:04Xinhua Editor : Mo Hong'e ECNS App Download

China's foreign trade registered steady growth in the first 11 months of 2019 by expanding 2.4 percent year on year, the General Administration of Customs (GAC) said Sunday.

During the period, the total foreign trade volume reached 28.5 trillion yuan (4.14 trillion U.S. dollars).

Exports climbed 4.5 percent year on year to 15.55 trillion yuan, while imports hit 12.95 trillion yuan, the data showed.

China saw its trade surplus widen by 34.9 percent year on year to 2.6 trillion yuan during the period.

In November, China's foreign trade amounted to 2.86 trillion yuan, up 1.8 percent year on year.

Despite global economic and trade slowdown, China's foreign trade still maintained stable growth this year, showing the resilience of the Chinese economy, said Li Kuiwen, director of the GAC's statistics and analysis department.

Imports gained 2.5 percent to 1.29 trillion yuan last month, compared with a 3.5-percent decline in October.

"The improving import data in November reflected a pickup in domestic demand," Li added.

China's trade with the EU and ASEAN expanded, while trade with countries along the Belt and Road reported faster growth than the overall average.

Trade with the Belt and Road countries rose 9.9 percent to 8.35 trillion yuan from January to November, accounting for 29.3 percent of the total trade.

Private companies, already the primary body of China's foreign trade, continued to play an even bigger part with foreign trade volume of 12.12 trillion yuan in the first 11 months, up 10.4 percent year on year.

Exports of machinery and electronic products grew 4 percent to reach 9.09 trillion yuan during the first 11 months, accounting for 58.4 percent of the country's total exports.

Exports of six categories of labor-intensive goods including footwear, toys and suitcases rose 5.7 percent to 2.99 trillion yuan during the period.

Sunday's data also showed that China's crude oil imports climbed 10.5 percent to 462 million tonnes during the period, while imports of coal and natural gas increased by 10.2 percent and 7.4 percent, respectively. The soybean imports, however, fell 4.1 percent to 78.97 million tonnes.

The government has repeatedly pledged efforts to keep foreign trade stable. The State Council confirmed 12 measures in an executive meeting on Oct. 23 to optimize forex management and promote cross-border trade and investment facilitation, including expanding the pilot project to facilitate forex receipts and payments.

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

LINE
Back to top Links | About Us | Jobs | 彩票828app下载登入 | 太阳城娱乐手机版
Copyright ©1999-2019 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.
彩票828app下载登入
网站地图 恒彩骗局登入 大无限彩票平台可靠吗登入 吉祥彩票注册登入
菲律宾沙龙国际登入 申博太阳城138官网 申博提款最快 澳门赌场玩法
殿宝下注技巧 真人bet娱乐注册 熊猫彩票注册登入 双色球黑龙江时时彩
澳彩网彩票注册登入 99彩app下载登入 大无限彩票平台可靠吗登入 恒彩娱乐平台登入
彩99app下载登入 198彩|198彩票登入 99彩登录登入 恒彩彩票app下载登入
882XTD.COM 718XTD.COM 127sun.com 87s8.com 981XTD.COM
XSB2222.COM XSB567.COM 176sun.com 778jbs.com 986sj.com
487SUN.COM 165sun.com 179SUN.COM 187PT.COM S618A.COM
XSB163.COM 987XTD.COM 45jbs.com 758sj.com 828XTD.COM