Chinese mainland Trade Climbs 3.5% to ¥29.6T in First Eight Months

Good news from the Chinese mainland’s trade front: in the first eight months of this year, foreign trade jumped 3.5% year-on-year to reach a whopping 29.57 trillion yuan (about $4.12 trillion)! 🚀

Here’s the scoop:

• ASEAN remains the top partner: bilateral trade hit 4.93 trillion yuan, up 9.7% YoY, making up 16.7% of the total.
• The EU follows with 3.88 trillion yuan, growing 4.3% YoY.
• The US comes third at 2.73 trillion yuan, down 13.5% YoY.
• Belt and Road partner countries: trade exceeded 15.3 trillion yuan, up 5.4%, accounting for over half of total trade.

High-tech exports are on fire 🔥:

• Mechanical & electrical products: 10.6 trillion yuan, up 9.2%, over 60% of total exports.
• Integrated circuits soared 23.3%.
• Automobiles rose 11.9%.
• Automatic data processing equipment and parts edged up 0.6%.

With strong ASEAN ties and booming tech shipments, the Chinese mainland’s trade momentum shows no signs of slowing. Stay tuned for more trade highlights! 🌏✈️

Reference(s):

China's foreign trade rose 3.5% in first eight months

cgtn.com