BEIJING, Aug. 8 -- China's foreign trade maintained steady growth in the first seven months of this year despite escalating trade tensions with the United States, with data pointing to a more balanced trade picture.
China's goods trade went up 8.6 percent year on year to 16.72 trillion yuan (about 2.45 trillion U.S. dollars) in the January-July period of this year, customs data showed Wednesday.
Exports rose 5 percent year on year while imports grew 12.9 percent, resulting in a trade surplus of 1.06 trillion yuan, which narrowed by 30.6 percent, according to the General Administration of Customs.
"The steady growth in the first seven months is a hard-won result amid external uncertainties," said Bai Ming with the Ministry of Commerce research department.
TRADE WAR IMPACT LIMITED
July's trade data was under the spotlight as it was the first reading since fresh U.S. tariffs on a wide range of Chinese goods went into effect.
The United States slapped an extra 25 percent tariff on 34 billion U.S. dollars worth of Chinese imports beginning July 6, to which China responded with an equivalent retaliatory measure.
In July, China's exports rose by 6 percent to 1.39 trillion yuan, a reading that beat market expectations, Huatai Securities said in a research note.
The better-than-expected growth might be partly because China tends to strengthen economic and trade ties with other major economies amid trade tensions with the United States, it said.
【国内英语资讯:Xinhua Headlines: Chinas trade growth weathers US tariff headwinds】相关文章:
★ 数字时代的零售业
最新
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15