Global EditionASIA 中文双语Français
Business
Home / Business / Macro

China's foreign trade to remain steady in 2018: report

Xinhua | Updated: 2018-12-16 23:22
Share
Share - WeChat
[Photo/IC]

BEIJING -- China's foreign trade will maintain steady growth in 2018, as the country's economy posted stable performance amid mounting external uncertainties, according to a report released by the Ministry of Commerce.

China's foreign trade saw fast growth in the first three quarters, the report said.

The country's goods trade rose 11.1 percent year-on-year to 27.88 trillion yuan (about $4 trillion) in the first 11 months this year, customs data showed.

Exports rose 8.2 percent year-on-year to 14.92 trillion yuan in the January-November period while imports grew 14.6 percent to 12.96 trillion yuan, resulting in a trade surplus of 1.96 trillion yuan, which narrowed by 21.1 percent.

However, the growth of foreign trade might be pulled back because of a high comparative base during the same period last year, the ministry added.

The report also said that the Chinese economy currently showed many favorable conditions to sustain medium-high growth and move toward a medium- to high-end level, laying a solid foundation for the development of foreign trade.

The fundamentals of China's economic development have remained steady and positive over the past 11 months. China's gross domestic product posted an increase of 6.7 percent year-on-year in the first three quarters, above the government's target of 6.5-percent.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE