China's trade sees solid growth

CNC
Added On September 10, 2018

 China's foreign trade registered steady growth in the first eight months of this year, despite higher tariffs imposed by the United States.

 
Figures from the General Administration of Customs showed that China's goods trade went up 9.1 percent year on year to 19.43 trillion yuan, or about 2.85 trillion U.S. dollars during the first eight months of the year.
 
Exports rose 5.4 percent year on year in the January-August period while imports grew 13.7 percent.
 
In August, exports rose by 7.9 percent, higher than 6 percent in July.
   
Experts watched August's data intently as it was the first reading since U.S. tariffs on 16 billion U.S. dollars worth of Chinese imports went into effect.
 
Beginning August 23, the United States slapped an extra 25 percent tariff on 16 billion U.S. dollars worth of Chinese imports, to which China responded with an equivalent retaliatory measure.
 
The move came after additional tariffs on 34 billion dollars worth of Chinese imports went into effect on July 6.