Exports grew 5 percent year on year to 17.23 trillion yuan last year while imports climbed 1.6 percent to 14.31 trillion yuan, resulting in a trade surplus of 2.92 trillion yuan, which expanded by 25.4 percent, the General Administration of Customs (GAC) said. "Based on our initial analyses,...
Trade surplus increased 24.8 percent year on year in the first seven months to 1.98 trillion yuan. In July alone, the country's imports and exports rose 11.5 percent year on year to 3.27 trillion yuan, customs data showed. Enditem
China saw its trade surplus widen by 47.4 percent year on year to 1.55 trillion yuan during the same period. China's trade mix continued to optimize with the general trade growing both in volume and proportion in the January-July period. General trade grew 5.7 percent year on year and accou...
The overall trade surplus in June, meanwhile, was $50.98 billion, higher than economists' expectations of $44.65 billion in a Reuters poll. China's trade surplus with the U.S. was $29.92 billion in June, up from $26.89 in May, customs data showed. For the first half of 2019, China...
five years ago in 2019, imports grew by 24.5%, while exports grew by 43.1% during the same period. Over these five years, the trade surplus more than doubled, from $421.93 billion to $992.16 billion, approaching the trillion-dollar mark. The issue of trade surpluses will be discussed ...
Against the backdrop of China-US trade negotiations, latest figures from China's Customs authority show the country's trade surplus with the rest of the world grew last year, while trade with the US dropped. ZOU ZHIWU Vice Minister of General Administration of Customs "In 2019, China...
While cross-border e-commerce won’t eliminate China’s trade surplus with the rest of the world, it will be a contributor to driving its current account surplus down below 1 percent of GDP in 2019. Local brands will continue to gain in strength and share in 2019. Already 30 of the ...
"China always attaches great importance to India's concerns about trade imbalance. We have never deliberately pursued a trade surplus with India. In recent years, China has taken a series of measures, including increasing imports of rice and sugar and accelerating approval process for impo...
In this paper, we investigate the extent to which real appreciation of the Chinese currency contributed in a meaningful way to the drop of its trade surpluses during the great recession subsequent to the financial and economic crises beginning in 2007. Chinese currency appreciated 14.75% in real ...
the first eleven months of the year, China's total import and export value was 37.96 trillion yuan, the same as the same period last year. Exports grew 0.3% year over year to 21.6 trillion yuan, while imports grew 0.5% year over year to 16.36 trillion yuan. The trade surplus was...