China's foreign trade is on the rise! 📈 In the first eight months of this year, the country's total goods imports and exports jumped by 6% compared to last year, according to official data released on Tuesday.
Breaking it down, exports soared by 6.9%, while imports climbed 4.7%. The General Administration of Customs reported these impressive numbers, showing that China is keeping the global trade vibes strong! 🌐
But wait, there's more! ASEAN continues to rock as China's largest trading partner. Trade with ASEAN countries hit a whopping 4.5 trillion yuan ($63.2 billion), marking a sweet 10% increase and making up 15.7% of China's total import and export value. 🙌
The European Union and the United States took the silver and bronze as China's second and third-largest trading partners, respectively. 🌍🇪🇺🇺🇸
China's trade with Belt and Road countries also got a boost, reaching 13.48 trillion yuan—a 7% uptick in the first eight months. The Belt and Road Initiative is clearly forging stronger connections! 🤝
Private and foreign-funded enterprises are joining the party, too. Imports and exports from private enterprises soared to 15.74 trillion yuan, growing 10.5% year-on-year. Meanwhile, foreign-invested enterprises saw imports and exports reach 8.4 trillion yuan, up by 1.5%. 🚀
All this action led to China's trade surplus expanding by 11.2% to $608.49 billion during the eight-month period. Cha-ching! 💰
With numbers like these, China is definitely making big moves on the global stage. Keep an eye out as the year continues—more exciting trade news could be on the horizon! 🌅
Reference(s):
cgtn.com
