Xinhua
14 Jul 2020, 11:48 GMT+10
Photo taken on May 17, 2018 shows a container dock of Yangshan Port in Shanghai, east China. (Xinhua/Fang Zhe)
The country registered better-than-expected foreign trade performance in the first half of the year, said Li Kuiwen, spokesman of the General Administration of Customs (GAC).
BEIJING, July 14 (Xinhua) -- China saw its foreign trade rise 5.1 percent year on year in June, with exports and imports up 4.3 percent and 6.2 percent respectively, official data showed Tuesday.
The country registered better-than-expected foreign trade performance in the first half of the year, said Li Kuiwen, spokesman of the General Administration of Customs (GAC) at a news conference.
Foreign trade of goods went down 3.2 percent year on year in the first half to 14.24 trillion yuan (about 2 trillion U.S. dollars), narrowing by 1.7 percentage points compared with the decrease for the first five months.
Following the turbulence in the first quarter, imports and exports of the second quarter showed signs of recovery and stability, and the exports have risen for three consecutive months, Li said.
During the January-June period, ASEAN remained China's largest trading partner with trade up 5.6 percent year on year to 2.09 trillion yuan, accounting for 14.7 percent of China's total foreign trade.
Trade with the European Union and the United States decreased 1.8 percent and 6.6 percent, respectively, during the period, GAC data showed.
Combined trade with countries along the Belt and Road saw a slight decline of 0.9 percent year on year to 4.2 trillion yuan in H1, 2.3 percentage points lower than the country's overall decrease in foreign trade.
Exports of epidemic prevention supplies grew rapidly with sales of medicines and pharmaceutical products, and medical equipment expanding by 23.6 percent and 46.4 percent, respectively.
Noting that China's exports and imports continue to face a grim and complicated situation in the second half of this year, Li said the country's foreign trade is resilient and has more leeway. He assured that more efforts will be made to ensure stable and high-quality foreign trade. ■
Get a daily dose of Hong Kong Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Hong Kong Herald.
More InformationDHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
(New York) - China's government has erased Hong Kong's freedoms since imposing the draconian National Security Law on June 30, 2020,...
Head of the IFRC delegation in Myanmar highlighted the urgent need for sustained support, especially as families work to rebuild amid...
Dharamshala (Himachal Pradesh) [India], July 6 (ANI): On the eve of the 90th birthday of Tibetan spiritual leader Dalai Lama, prominent...
PALO ALTO/TEL AVIV: The battle for top AI talent has claimed another high-profile casualty—this time at Safe Superintelligence (SSI),...
FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...
LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback...
SANTA CLARA, California: Nvidia came within a whisker of making financial history on July 3, briefly surpassing Apple's all-time market...
SACRAMENTO, California: California's multibillion-dollar farms are facing a growing crisis—not from drought or pests, but from a sudden...