A COSCO Shipping container ship arrives at Yangshan port in Shanghai on Feb 20. (YAO FENG / CHINA DAILY)
BEIJING – China's foreign trade of goods jumped 10.1 percent year-on-year to 27.3 trillion yuan (about US$3.95 trillion) during the first eight months of the year, official data showed Wednesday.
Exports rose 14.2 percent year-on-year to 15.48 trillion yuan, while imports increased 5.2 percent from a year ago to 11.82 trillion yuan, according to the General Administration of Customs.
From January to August, China's trade with its top three trading partners – the Association of Southeast Asian Nations, the European Union and the United States – grew 14 percent, 9.5 percent and 10.1 percent, respectively
From January to August, China's trade with its top three trading partners – the Association of Southeast Asian Nations, the European Union and the United States – grew 14 percent, 9.5 percent and 10.1 percent, respectively.
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In the period, China's trade with Belt and Road countries soared 20.2 percent year on year to 8.77 trillion yuan.
Exports of mechanical and electrical products expanded by 9.8 percent to account for 56.5 percent of the total, and exports of labor-intensive products jumped 14.1 percent from a year ago.
Private enterprises saw imports and exports increase 14.9 percent from a year ago to 13.68 trillion yuan in the first eight months, accounting for 50.1 percent of the country's total.
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The trade value of foreign-invested firms rose 2.4 percent, and that of state-owned enterprises was up 15.1 percent in the same period.