China's foreign trade up 2.4 pct in Jan.-Oct.

CNC
Added On November 10, 2019

 China's foreign trade registered stable growth in the first 10 months of this year with more opening-up measures to follow in the near future.

 
China Report has more.
 
China's General Administration of Customs (GAC) said the country's foreign trade volume expanded 2.4 percent year on year to 25.63 trillion yuan (about 3.7 trillion U.S. dollars) in the Jan.-Oct. period, with exports up 4.9 percent and imports down 0.4 percent.
GAC data showed that China's trade mix continued to improve with general trade growth in both volume and proportion.
 
The reading accounted for 59.3 percent of China's total trade, up 1.4 percentage points over one year ago.
 
The European Union remained China's largest trading partner during the period, with bilateral trade volume up 8.3 percent, followed by the ASEAN, and the United States.
 
Trade with Belt and Road countries rose 9.4 percent to 1.07 trillion U.S. dollars from January to October.
   
The Chinese government has repeatedly pledged efforts to keep foreign trade stable. The State Council confirmed 12 measures to optimize forex management and promote cross-border trade and investment facilitation.