Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China's foreign trade picks up growth momentum: official

March 11, 2019


Abstract : The growth in China's foreign trade of goods rebounded strongly after the week-long Spring Festival, a senior customs official told Xinhua Saturday.

BEIJING, March 9 (Xinhua) -- The growth in China's foreign trade of goods rebounded strongly after the week-long Spring Festival, a senior customs official told Xinhua Saturday.

Imports and exports surged 21 percent year on year from mid-February, said Ni Yuefeng, head of the General Administration of Customs (GAC).

In the first eight days of March, the country's foreign trade soared 24.7 percent year on year, with exports rising nearly 40 percent.

Historical data show that it's a normal phenomenon to have fluctuations in monthly statistics for the month with the Spring Festival, said Ni. "Judging from the recent upward trend, we are very confident about China's foreign trade growth in the future."

His comment came as GAC announced Friday that China's foreign trade fell 9.4 percent year on year last month to 1.81 trillion yuan (about 270 billion U.S. dollars), raising concerns about a slowdown in the world's second-largest economy.

Analysts cautioned it was difficult to compare trends in China's data at the start of the year due to the Spring Festival holiday, which came in early February this year and could affect business activity.

Deducting the Spring Festival factor, China's foreign trade rose 10.2 percent year on year in February, with exports increasing 7.8 percent and imports rising 12.9 percent, respectively.

Scan the QR code and push it to your mobile phone

Keyword: China-economy China-foreign-trade

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial