In April, the world's second-largest economy logged positive growth in export for the first time this year, while in June, exports and imports both rose.
The momentum was sustained through July as total foreign trade volumes rose by 6.5 percent year on year. Exports and imports went up by 10.4 percent and 1.6 percent, respectively.
Despite the shrinking global trade market, China's share is growing larger, which indicates the sector's rising competitiveness and increasing capacity to counter pressure, head of the GAC Ni Yuefeng told Xinhua.
The situation for foreign trade and investment, however, is still grim as the global spread of COVID-19, a severe global economic recession, and significant declines in international trade and investment as well as rising protectionism are all taken into account, according to Ren Hongbin, assistant minister of Commerce.
According to World Trade Organization estimates, global trade would slump between 13 percent and 32 percent this year.
To further stabilize foreign trade, the State Council announced Wednesday it had issued a guideline to roll out more measures aimed at protecting foreign trade entities and keeping supply chains stable.
More efforts will be made to help foreign trade firms expand clientele and improve trade facilities and services, including cross-border e-commerce platforms, cross-border logistics, and overseas warehouses, it said.
【国内英语资讯:Economic Watch: Cross-border e-commerce propels Chinas foreign trade】相关文章:
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