The GAC data indicated that exports remained the key driver of expansion, rising 7.1 per cent to ¥19.95 trillion, while imports edged down 0.2 per cent to ¥13.66 trillion. In September alone, total trade surged 8 per cent YoY to ¥4.04 trillion—the strongest monthly growth recorded this year.
China’s foreign trade has maintained a stable and positive trajectory amid a complex global environment since beginning of this year, said Chinese media reports quoting Wang Jun, deputy head of the GAC.
The trade growth rate strengthened each quarter, advancing from 1.3 per cent in Q1 to 4.5 per cent in Q2 and 6 per cent in Q3.
China’s trade structure also continued to diversify in January-September period, with goods trade with Belt and Road partner nations reaching ¥17.37 trillion, up 6.2 per cent YoY. Trade with ASEAN countries expanded by 9.6 per cent, with Africa and Central Asia rose it rose sharply by 19.5 per cent and 16.7 per cent, respectively, added the reports.
ALCHEMPro News Desk (SG)
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