China's foreign trade up 3.4 PCT in 2019

Added On January 16, 2020

 Latest data shows that China's foreign trade rose 3.4 percent in 2019 to about 4.6 trillion U.S. dollars.

The General Administration of Customs (GAC) released the data on Tuesday.
In 2019, China's exports grew 5 percent year on year to about 2.5 trillion U.S. dollars, while imports rose 1.6 percent to about 2.1 trillion U.S. dollars.
GAC said, China's foreign trade throughout last year recorded steady growth and better quality despite mounting domestic and external challenges.
 ASEAN rose to become China's second-largest trading partner in 2019.
Private enterprises overtook foreign-funded enterprises as the biggest contributor to China's foreign trade for the first time, posting a record high trade volume of around 1.98 trillion U.S. dollars.
Tuesday's data also showed that China's meat imports posted the fastest growth in comparison with other major staple commodities.