China’s foreign trade goes up

Himalayan News Service

Beijing, June 12:

Two-way trade between China and its top three trade partners — the European Union (EU), US and Japan — registered a major rise in the first five months of the year, reports Xinhua.

According to latest figures, the EU remained China’s largest trade partner with a trade volume of $81.84 billion, up by 24.2 per cent over the period last year. With the US, trade volume rose by 24.6 per cent to $77.7 billion compared to the period last year. The trade volume with Japan reached $70.72 billion, up by 10.1 per cent year on year. Association of Southeast Asian Nations (ASEAN) is China’s fourth largest trade partner with the volume at $48.56 billion, a rise of 25.8 per cent over the period last year. China’s foreign trade surged by 23.2 per cent year on year to reach $522.78 billion in the first five months. China customs figures show that the trade volume included $276.4 billion in exports and $246.38 billion in imports, respectively up by 33.2 per cent and 13.7 per cent over the same period last year.

Guangdong, Jiangsu and Shanghai remain the leading places in foreign trade. Guangdong province registered a trade volume of $150.58 billion, up by 16 per cent year on year and

making up by 28.8 per cent of the country’s total.