China's foreign trade up 9.7% in 2018
Editor：管理员 Date：2019-01-15 Hit：4649
China's foreign trade up 9.7% in 2018
China's foreign trade volume reached 30.51 trillion yuan in 2018, up 9.7 percent year-on-year, reaching a record high in import and export volume, said Li Kuiwen, spokesperson of the General Administration of Customs (GAC), at a news conference of the State Council Information Office on Jan 14.
Li, also director-general of the Department of Statistics and Analysis of the GAC, said the country is expected to keep its No 1 position in the world in terms of trade in goods.
Exports jumped by 7.1 percent year-on-year to 16.42 trillion yuan in the past year, while imports grew by 12.9 percent to 14.09 trillion yuan, thanks to a number of policies and measures boosting steady foreign trade growth amid profound changes in the external environment, Li added.
The trade surplus in 2018 was 2.33 trillion yuan, shrinking by 18.3 percent, the spokesperson added.
China's general trade volume reached 17.64 trillion yuan last year, up 12.5 percent on a yearly basis, accounting for 57.8 percent of the country's total trade volume, up 1.4 percentage points from the same period last year.
China's imports and exports to the EU, the US and ASEAN countries increased by 7.9, 5.7 and 11.2 percent respectively in 2018, accounting for 41.2 percent of China's total imports and exports.
The potential for trade cooperation between China and countries involved in the Belt and Road Initiative is being continually unleashed, serving as a new engine propelling China's foreign trade development, Li said. Among such countries, China's trade volume with Russia, Saudi Arabia and Greece increased by 24 percent, 23.2 percent and 33 percent, respectively.
The trade volume of China's private enterprises reached 12.1 trillion, an increase of 12.9 percent, accounting for 39.7 percent of China's total trade volume, a rise of 1.1 percentage points over the same period last year.
The export volume of the private sector, which remained the largest among all market operators, climbed to 7.87 trillion, up 10.4 percent, which comprised 48 percent of the national export volume, up by 1.4 percentage points, according to the spokesperson.
In 2018, the private sector contributed to more than half the growth of national imports and exports, becoming a highlight in China's foreign trade development, Li said.
The optimization of the business environment has contributed to the country's good foreign trade performance last year, the spokesperson said, adding that China has introduced a series of policies and measures to cut taxes and fees.
According to the World Bank's "Doing Business 2019" report released in October 2018, China, one of the year's top 10 improvers, advanced 32 spots to 46th place in the global rankings, with the country's cross-border trade ranking jumping from 97th to 65th, the spokesperson said.
The country also reduced import tariffs on drugs, automobiles, parts and components, and daily consumer goods to boost import growth as well.
As to the highly concerning China-US trade volume, Li illustrated that China's combined imports and exports to the United States totaled 4.18 trillion yuan in 2018, up 5.7 percent year-on-year. Exports to the US reached 3.16 trillion yuan, up 8.6 percent, while imports amounted to 1.02 trillion yuan, down 2.3 percent.
The trade surplus between the two countries was 2.14 trillion yuan, an increase of 14.7 percent. China and the United States are at different stages of development, and the expansion of the trade surplus reflected the complementarity of the two economies, Li added.
China formally implemented the e-commerce law on Jan 1, 2019, which provides legal support for cross-border e-commerce customs supervision, consumer rights protection and intellectual property rights protection, the spokesperson said.
Total trade volume through the cross-border e-commerce platform of customs increased by 50 percent to 134.7 billion yuan in 2018, with exports up 67 percent to 56.12 billion yuan, and imports up 39.8 percent to 78.58 billion yuan, Li said, adding that customs will further improve the information system for cross-border e-commerce retail, and better serve consumers.
China will improve the quality of foreign trade while ensuring its steady growth in 2019, by implementing the decisions of the Central Economic Work Conference, according to the spokesperson.
（Source：China Daily）
China's foreign trade volume reached 30.51 trillion yuan in 2018, up 9.7 percent year-on-year, reaching a record high in import and export volume, said Li Kuiwen, spokesperson of the General Administration of Customs (GAC), at a news conference of the State Council Information Office on Jan 14.
Li, also director-general of the Department of Statistics and Analysis of the GAC, said the country is expected to keep its No 1 position in the world in terms of trade in goods.
Exports jumped by 7.1 percent year-on-year to 16.42 trillion yuan in the past year, while imports grew by 12.9 percent to 14.09 trillion yuan, thanks to a number of policies and measures boosting steady foreign trade growth amid profound changes in the external environment, Li added.
The trade surplus in 2018 was 2.33 trillion yuan, shrinking by 18.3 percent, the spokesperson added.
China's general trade volume reached 17.64 trillion yuan last year, up 12.5 percent on a yearly basis, accounting for 57.8 percent of the country's total trade volume, up 1.4 percentage points from the same period last year.
China's imports and exports to the EU, the US and ASEAN countries increased by 7.9, 5.7 and 11.2 percent respectively in 2018, accounting for 41.2 percent of China's total imports and exports.
The potential for trade cooperation between China and countries involved in the Belt and Road Initiative is being continually unleashed, serving as a new engine propelling China's foreign trade development, Li said. Among such countries, China's trade volume with Russia, Saudi Arabia and Greece increased by 24 percent, 23.2 percent and 33 percent, respectively.
The trade volume of China's private enterprises reached 12.1 trillion, an increase of 12.9 percent, accounting for 39.7 percent of China's total trade volume, a rise of 1.1 percentage points over the same period last year.
The export volume of the private sector, which remained the largest among all market operators, climbed to 7.87 trillion, up 10.4 percent, which comprised 48 percent of the national export volume, up by 1.4 percentage points, according to the spokesperson.
In 2018, the private sector contributed to more than half the growth of national imports and exports, becoming a highlight in China's foreign trade development, Li said.
The optimization of the business environment has contributed to the country's good foreign trade performance last year, the spokesperson said, adding that China has introduced a series of policies and measures to cut taxes and fees.
According to the World Bank's "Doing Business 2019" report released in October 2018, China, one of the year's top 10 improvers, advanced 32 spots to 46th place in the global rankings, with the country's cross-border trade ranking jumping from 97th to 65th, the spokesperson said.
The country also reduced import tariffs on drugs, automobiles, parts and components, and daily consumer goods to boost import growth as well.
As to the highly concerning China-US trade volume, Li illustrated that China's combined imports and exports to the United States totaled 4.18 trillion yuan in 2018, up 5.7 percent year-on-year. Exports to the US reached 3.16 trillion yuan, up 8.6 percent, while imports amounted to 1.02 trillion yuan, down 2.3 percent.
The trade surplus between the two countries was 2.14 trillion yuan, an increase of 14.7 percent. China and the United States are at different stages of development, and the expansion of the trade surplus reflected the complementarity of the two economies, Li added.
China formally implemented the e-commerce law on Jan 1, 2019, which provides legal support for cross-border e-commerce customs supervision, consumer rights protection and intellectual property rights protection, the spokesperson said.
Total trade volume through the cross-border e-commerce platform of customs increased by 50 percent to 134.7 billion yuan in 2018, with exports up 67 percent to 56.12 billion yuan, and imports up 39.8 percent to 78.58 billion yuan, Li said, adding that customs will further improve the information system for cross-border e-commerce retail, and better serve consumers.
China will improve the quality of foreign trade while ensuring its steady growth in 2019, by implementing the decisions of the Central Economic Work Conference, according to the spokesperson.
（Source：China Daily）
China's foreign trade up 9.7% in 2018
China's foreign trade volume reached 30.51 trillion yuan in 2018, up 9.7 percent year-on-year, reaching a record high in import and export volume, said Li Kuiwen, spokesperson of the General Administration of Customs (GAC), at a news conference of the State Council Information Office on Jan 14.
Li, also director-general of the Department of Statistics and Analysis of the GAC, said the country is expected to keep its No 1 position in the world in terms of trade in goods.
Exports jumped by 7.1 percent year-on-year to 16.42 trillion yuan in the past year, while imports grew by 12.9 percent to 14.09 trillion yuan, thanks to a number of policies and measures boosting steady foreign trade growth amid profound changes in the external environment, Li added.
The trade surplus in 2018 was 2.33 trillion yuan, shrinking by 18.3 percent, the spokesperson added.
China's general trade volume reached 17.64 trillion yuan last year, up 12.5 percent on a yearly basis, accounting for 57.8 percent of the country's total trade volume, up 1.4 percentage points from the same period last year.
China's imports and exports to the EU, the US and ASEAN countries increased by 7.9, 5.7 and 11.2 percent respectively in 2018, accounting for 41.2 percent of China's total imports and exports.
The potential for trade cooperation between China and countries involved in the Belt and Road Initiative is being continually unleashed, serving as a new engine propelling China's foreign trade development, Li said. Among such countries, China's trade volume with Russia, Saudi Arabia and Greece increased by 24 percent, 23.2 percent and 33 percent, respectively.
The trade volume of China's private enterprises reached 12.1 trillion, an increase of 12.9 percent, accounting for 39.7 percent of China's total trade volume, a rise of 1.1 percentage points over the same period last year.
The export volume of the private sector, which remained the largest among all market operators, climbed to 7.87 trillion, up 10.4 percent, which comprised 48 percent of the national export volume, up by 1.4 percentage points, according to the spokesperson.
In 2018, the private sector contributed to more than half the growth of national imports and exports, becoming a highlight in China's foreign trade development, Li said.
The optimization of the business environment has contributed to the country's good foreign trade performance last year, the spokesperson said, adding that China has introduced a series of policies and measures to cut taxes and fees.
According to the World Bank's "Doing Business 2019" report released in October 2018, China, one of the year's top 10 improvers, advanced 32 spots to 46th place in the global rankings, with the country's cross-border trade ranking jumping from 97th to 65th, the spokesperson said.
The country also reduced import tariffs on drugs, automobiles, parts and components, and daily consumer goods to boost import growth as well.
As to the highly concerning China-US trade volume, Li illustrated that China's combined imports and exports to the United States totaled 4.18 trillion yuan in 2018, up 5.7 percent year-on-year. Exports to the US reached 3.16 trillion yuan, up 8.6 percent, while imports amounted to 1.02 trillion yuan, down 2.3 percent.
The trade surplus between the two countries was 2.14 trillion yuan, an increase of 14.7 percent. China and the United States are at different stages of development, and the expansion of the trade surplus reflected the complementarity of the two economies, Li added.
China formally implemented the e-commerce law on Jan 1, 2019, which provides legal support for cross-border e-commerce customs supervision, consumer rights protection and intellectual property rights protection, the spokesperson said.
Total trade volume through the cross-border e-commerce platform of customs increased by 50 percent to 134.7 billion yuan in 2018, with exports up 67 percent to 56.12 billion yuan, and imports up 39.8 percent to 78.58 billion yuan, Li said, adding that customs will further improve the information system for cross-border e-commerce retail, and better serve consumers.
China will improve the quality of foreign trade while ensuring its steady growth in 2019, by implementing the decisions of the Central Economic Work Conference, according to the spokesperson.
（Source：China Dai
