Chinese foreign trade up 4.9% in the first 11 months
China’s foreign trade increased by 4.9% year-on-year to RMB39.79 trillion ($5.48 trillion) between January and November, sustaining a stable growth.
According to the statistics released by China's General Administration of Customs, exports increased 6.7% year-on-year to RMB23.04 trillion, while imports grew 2.4% to 16.75 trillion yuan.
Machinery and electronic products accounted for nearly 60% of the country's total exports in the first eleven months, while exports of automatic data processing equipment and components, integrated circuits, and vehicles all posting double-digit growth.
In the first eleven months, foreign trading between China and its major trade partners maintained stable growth. ASEAN remained as China's largest trading partner, followed by the EU, US and South Korea.
China's trade with the Belt and Road Initiative countries and regions totalled in RMB18.74 trillion, an increase of 6% year-on-year.
About the Author
You May Also Like