LINE

    Text:AAAPrint
    Economy

    China's exports up 2.6 percent in August, imports down 2.6 percent

    1
    2019-09-09 03:38:02CGTN Editor : Wang Fan ECNS App Download

    China's exports of goods rose 2.6 percent year on year in August, while imports fell 2.6 percent, customs data showed on Sunday.

    Trade surplus stood at 239.6 billion yuan (about 33.79 billion U.S. dollars) last month, expanding 41.8 percent from one year earlier, according to data released by the General Administration of Customs (GAC).

    The country's foreign trade climbed 3.6 percent year on year in the first eight months of 2019, with its trade surplus widening 46 percent during the period.

    The European Union remained as China's largest trading partner during the period, with bilateral trade volume up 9.7 percent from one year earlier to 3.15 trillion yuan, followed by the ASEAN, up 11.7 percent to 2.74 trillion yuan, and the United States, down nine percent to 2.42 trillion yuan.

    China's trade with the Belt and Road countries totaled 5.83 trillion yuan for the January-August period, up 9.9 percent year on year, 6.3 percentage points higher than the overall pace, said the GAC, adding that the amount accounted for 29 percent of China's total trade volume.

    Maintaining strong resilience despite external uncertainties

    China's foreign trade has maintained strong resilience at a time when looming external uncertainties drag down the global economy and trade growth, with monthly imports and exports exceeding 2.5 trillion yuan for the fifth month in a row, claimed Li Kuiwen, director of the GAC's statistics and analysis department.

    Li emphasized China serves as both the world's factory and market. Since the beginning of this year, the second-largest economy has been constantly optimizing its structure of export commodities and taking solid steps to further expand imports, as a result of which daily consumer products have registered a rapid gain.

    Exports of mechanical and electrical products, as well as solar cells and tablet computer, have all maintained growth in the period.

    Imports of crude oil, coal, natural gas increased in August, but imports of iron ore and soybeans decreased. In the first eight months, China imported 56.32 million tons of soybeans, a decrease of 9.2 percent.

    The resilient foreign trade performance demonstrates China's efforts in improving business environment in recent years, including implementing an array of stimulus packages and large-scale tax cuts and fee deductions, markedly boosting business confidence.

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    ECNS Wire
    Biz
    Economy
    Travel
    Photo
    CNS Photo
    Video
    Video
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2019 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 德保县| 贵定县| 易门县| 朝阳市| 临夏市| 河津市| 连州市| 陆良县| 达拉特旗| 射洪县| 临夏市| 砚山县| 灌南县| 砀山县| 汶川县| 布尔津县| 虹口区| 神池县| 社会| 托克逊县| 景泰县| 紫阳县| 济源市| 汉沽区| 昭觉县| 安徽省| 仁怀市| 长兴县| 正宁县| 东至县| 札达县| 抚松县| 威海市| 汉中市| 邯郸市| 顺平县| 台安县| 蒙城县| 旌德县| 德化县| 高淳县|