BEIJING, May 7 (Xinhua) -- China’s foreign trade with the countries along the Belt and Road routes has seen rapid growth, according to a report recently released by the national big data center of Belt and Road Initiative under the State Information Center (SIC) and the Dalian Infobank Co., Ltd.
According to the report, in 2017, the total import and export volume of China and the Belt and Road countries reversed the two consecutive years of negative growth to reach 1,440.32 billion U.S. dollars, up 13.4 percent year on year, which was 5.9 percentage points higher than China's overall foreign trade growth rate, and accounting for 36.2 percent of the country's total import and export trade volume.
In a breakdown, last year, China’s exports to the Belt and Road countries stood at 774.26 billion U.S. dollars, an increase of 8.5 percent year on year, accounting for 34.1 percent of China’s total exports. Its imports from those countries amounted to 666.05 billion U.S. dollars, an increase of 19.8 percent year on year, accounting for 39.0 percent of its total imports.
In 2017, the Asia-Oceania region was China’s largest trade cooperation area under the Belt and Road Initiative. China's foreign trade with the Asia-Oceania region reached 817.86 billion U.S. dollars, accounting for 56.8 percent of the country's total import and export volume with the Belt and Road countries, said the report.
Meanwhile, east China saw the total value of imports and exports in 2017 with the Belt and Road countries stand at 1,149.41 billion yuan, accounting for 79.8 percent of China’s foreign trade with those countries. To be specific, Guangdong, Jiangsu, Zhejiang, Shandong and Shanghai ranked top five by foreign trade with the Belt and Road countries last year, said the report. (Edited by Hu Pingchao, hupingchao@xinhua.org)
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