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QINGDAO TODAY
在线翻译:
szdaily -> News -> 
CHINA’S FOREIGN TRADE UP DESPITE TRADE TENSIONS
    2019-08-09  08:53    Shenzhen Daily

CHINA’S foreign trade of goods rose 4.2 percent year on year in the first seven months of this year to 17.41 trillion yuan (US$2.49 trillion), a surprising growth in the face of trade conflicts with the United States.


Exports grew 6.7 percent year on year to 9.48 trillion yuan during the period, while imports grew 1.3 percent to 7.93 trillion yuan, the General Administration of Customs (GAC) said Thursday.


China saw its trade surplus widen by 47.4 percent year on year to 1.55 trillion yuan during the period.


China’s trade mix continued to optimize with the general trade growing both in volume and proportion in the January-July period. General trade grew 5.7 percent year on year and accounted for 59.8 percent of the total trade, 0.8 percentage points higher than the same period of last year.


The European Union remained  China’s largest trading partner in the period, with bilateral trade volume up 10.8 percent from one year earlier to 2.72 trillion yuan, followed by ASEAN countries, up 11.3 percent to 2.35 trillion yuan, and the United States, down 8.1 percent to 2.1 trillion yuan.


China’s trade with Belt and Road countries totaled 5.03 trillion yuan, up 10.2 percent year on year, 6 percentage points higher than the overall pace, said the GAC, adding that the amount accounted for 28.9 percent of China’s total trade volume.


In July, Chinese imports of U.S. goods fell 19 percent from a year earlier to US$10.9 billion, though that was an improvement over June’s 31.4-percent fall. Exports to the United States declined 6.5 percent to US$38.8 billion.


The latest data follow U.S. President Donald Trump’s threat last week to extend punitive duties to an additional US$300 billion of Chinese imports.


China-U.S. trade has weakened since Trump started hiking tariffs on Chinese goods last June.


President Xi Jinping and Trump agreed in June to resume negotiations but the latest talks in Shanghai ended with no sign of agreement. Envoys are due to meet again next month.(SD-Xinhua)

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