The exchange rate of Chinese currency yuan was generally stable in Q1, also contributing to the stable growth, he added.
In Q1, exports and imports of products under the general trade category rose 6 percent year-on-year to 4.17 trillion yuan, accounting for 59.6 percent of the total foreign trade, 1.3 percentage points higher than the same period last year, customs data showed.
China's trade with the European Union, ASEAN countries and Japan increased 11.5 percent, 8.1 percent and 3.2 percent, respectively, while trade with countries along the Belt and Road registered faster-than-average growth, with the combined trade volume standing at 2 trillion yuan, up 7.8 percent year on year.
"The potential for trade cooperation between China and other Belt and Road countries has been unleashing, which is becoming a new driver for China's trade growth," Li said.
He expected that the country's foreign trade will maintain mild growth in the second quarter.
To keep trade stable, the GAC will continue to implement policies to improve customs efficiency and cut compliance costs in exports and imports, Li said.
【国内英语资讯:Economic Watch: Chinas foreign trade maintains stable growth on sound economic fundamental】相关文章:
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2020-09-15
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