Here’swhatyouneedtoknowaboutChinainthepast24hours
China'sforeigntradeofgoodsincreasedby4.9percentyear-on-yeartoreach39.79trillionyuan($5.49trillion)inthefirst11monthsthisyear,demonstratingstablegrowthandeconomicstructuralimprovements,officialdatashowedonTuesday.
AccordingtotheGeneralAdministrationofCustoms(GAC),exportsrose6.7percentyear-on-yeartoreach23.04trillionyuan,whileimportsedgedup2.4percentyear-on-yeartoreach16.75trillionyuaninthefirst11months.
Thankstothegovernment'spackageofpro-growthpolicies,thecountry'sforeigntradevolumeregistereda1.2-percentincreaseyear-on-yearinNovemberaloneinyuan-denominatedterms,totaling3.75trillionyuan,withmonthlyforeigntradevolumemaintaininggrowthinaconsecutiveofeightmonths,accordingtotheGAC.
Inthefirst11months,foreigntradehandledbyprivateenterprisesaccountedfor55.3percentofthecountry'stotaltrade,representinga2-percentage-pointincreasefromthesameperiodlastyear,GACdatashowed.
Throughouttheperiod,ASEANhelditspositionasChina'slargesttradingpartner,withbilateraltradereaching6.29trillionyuaninthefirst11months,up8.6percentfromayearearlier,representing15.8percentofthecountry'stotalforeigntrade.ItwasfollowedbytheEUwithbilateraltradereaching5.09trillionyuanandtheUSat4.44trillionyuan.
China'stradewithcountriesandregionsparticipatingintheBeltandRoadInitiativetotaled18.74trillionyuan,anincreaseof6percentyear-on-year.
Recently,aStateCouncilexecutivemeetingreviewedandapprovednewpolicymeasurestodrivethesteadygrowthofforeigntrade.TheMinistryofCommerceandtheGACalsoannouncedmeasurestooptimizethebusinessenvironmentatitsportsandstreamlinecustomsclearanceprocessforforeigntradecompanies.
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