News News

China's foreign trade continues to edge up

日期: 2020-08-12
浏览次数: 1

China saw its foreign trade rise 6.5 percent year on year in July, with exports and imports up 10.4 percent and 1.6 percent, respectively, data showed Friday.

Foreign trade stood at 2.93 trillion yuan (about 422.14 billion U.S. dollars) last month, resulting in a trade surplus of 442.23 billion yuan, the General Administration of Customs (GAC) said.

In the first seven months of this year, foreign trade of goods went down 1.7 percent year on year to 17.16 trillion yuan, narrowing by 1.5 percentage points compared with the decrease for the first half.

During the January-July period, the Association of Southeast Asian Nations (ASEAN) remained China's largest trading partner, with trade up 6.6 percent year on year to 2.51 trillion yuan, accounting for 14.6 percent of China's total foreign trade.

Trade with the European Union went up 0.1 percent, while trade with the United States decreased by 3.3 percent during the period, GAC data showed.

From January to July, the foreign trade volume of private enterprises expanded by 7.2 percent to 7.83 trillion yuan, accounting for 45.6 percent of China's total foreign trade volume, up by 3.8 percentage points from the same period last year.

General trade decreased by 0.5 percent year on year in the first seven months. It accounted for 60.3 percent of the country's total trade, 0.7 percentage points higher over one year ago.

Exports of mechanical and electrical products edged up 0.2 percent to 5.5 trillion yuan, accounting for 58.5 percent of the total, while that of textile products including masks surged 35.8 percent to 634.32 billion yuan.

Share to:
News / Recommended news More
2020 - 12 - 15
BEIJING -- China's textile and garment exports grew 9.9 percent year-on-year to $265.2 billion in the first 11 months, official data shows.Textile exports reached $141.6 billion in the period, a notable 31 percent growth from a year earlier, according to the Ministry of Industry and Information Technology. Garment exports dropped 7.2 percent to $123.6 billion.In November alone, the country'...
2020 - 11 - 26
China will step up efforts to expand the free trade area network across the world to enlarge its 'circle of friends', according to China's Commerce Minister Zhong Shan.After signing the Regional Comprehensive Economic Partnership (RCEP), China will see the China-Cambodia free trade agreement take effect at an early date and accelerate investment treaty negotiations with the European Un...
2020 - 11 - 18
China is ramping up efforts to improve the service capability of China-Europe rail freight, providing much-needed freight service amid the COVID-19 outbreak, the country's top economic regulator said on Tuesday.The new move came in an effort to keep up with the rising demand for freight trains amid the COVID-19 outbreak which has hampered international air and sea transport, Meng Wei, spokeswo...
2020 - 11 - 09
China's exports continued to expand in October, the growth rate reached 19 months high, and imports also showed stable growth, official data showed on Saturday, as the country's economy continues to recover from the pandemic.China's October exports and imports increased 11.4 and 4.7 percent, respectively, from a year earlier, reaching $237 billion and $179 billion.Exports in October co...
Phone: 86-510-85750782 
Zip code:214031
Address: Room 3606, Block A, Yunhe East Road 555, Wuxi, Jiangsu Province, China
Copyright ©2018 - 2021 Leonzon International Trading Co., Ltd.