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
Trade

China's foreign trade sees solid expansion in past decade: official

May 20, 2022


Abstract : China has seen notable expansion in foreign trade during the past decade amid the country's efforts to build an open economy, an official said Friday.

Aerial photo taken on May 6, 2022 shows a view of the Longtan Container Terminal of Nanjing Port in Nanjing, Jiangsu Province. (Xinhua/Li Bo)

BEIJING, May 20 (Xinhua) -- China has seen notable expansion in foreign trade during the past decade amid the country's efforts to build an open economy, an official said Friday.

The total imports and exports of goods have climbed from 24.4 trillion yuan (about 3.6 trillion U.S. dollars) in 2012 to 39.1 trillion yuan in 2021, further consolidating China's role as the world's largest goods trading country, Wang Lingjun, deputy head of the General Administration of Customs said at a press conference.

China has remained as the world's largest goods trading country for five consecutive years since 2017, Wang said.

In addition to the sustained rise in trade volume, the country has also seen improvements to the structure of foreign trade, with new drivers successively emerging, Wang said.

"China's foreign trade has shown greater competitiveness in international competition, played a bigger role in driving economic growth and built a stronger foundation for long-term sound development," the official said.

During the past decade, efforts have been made in streamlining administrative procedures at ports, supporting the building of opening-up platforms, and promoting the orderly development of new forms of foreign trade, Wang noted.

Scan the QR code and push it to your mobile phone

Keyword: foreign trade ChinaDecade

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