China's foreign goods trade reaches $3.5 trn in first 7 months: GAC

China’s trade with the European Union, the US, and the Association of Southeast Asian Nations extended by 8.9 per cent, 11.8 per cent, and 13.2 per cent from last year, respectively. Moreover, China's trade with Belt and Road countries and other members of the Regional Comprehensive Economic Partnership (RCEP) increased by 19.8 per cent and 7.5 per cent year-on-year in the first half of 2022.

Trade with RCEP partners jumped to 18.8 percent year-on-year, touching 1.17 trillion yuan. This enhanced overall foreign trade growth by 5.6 percentage points, according to Li Kuiwen, spokesperson for the GAC.

ALCHEMPro News Desk (NB)