China's foreign trade starts on steady note in 2023

2023-03-09 11:02:09 | 来源:ourjiangsu.com

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With exports hitting a new high and total foreign trade generally stable, China's foreign trade market has had a stable start despite lingering high inflation and weakening economic and trade growth globally.

Data from the General Administration of Customs or GAC showed Tuesday that the country's exports of goods rose 0.9 percent year-on-year during the first two months to 3.5 trillion yuan.

China's foreign trade of goods edged down 0.8 percent year-on-year to 6.18 trillion yuan in the period. The imports of goods stood at 2.68 trillion yuan in the same period, down 2.9 percent from the same period last year.

In the Jan-Feb period, the Association of Southeast Asian Nations or ASEAN remained China's largest trade partner. China's trade with ASEAN countries rose 9.6 percent year-on-year, accounting for 15.4 percent of the country's total.

China's trade with countries along the Belt and Road climbed 10.1 percent year-on-year to 2.12 trillion yuan, driving the overall growth of its imports and exports by 3.1 percentage points in the first two months.

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