BRI NEWS China's trade with BRI countries stays robust in H1

BRI NEWS

China's trade with BRI countries stays robust in H1

Xinhua

13:12, July 13, 2019

BEIJING, July 12 (Xinhua) - China's trade with countries participating in the Belt and Road Initiative (BRI) posted robust growth in the first half (H1) of this year, official data showed Friday.

138221413_15629329709111n.jpg

Photo taken on April 11, 2019 shows a container wharf at Qinzhou port in south China's Guangxi Zhuang Autonomous Region. (Photo: Xinhua)

Trade with BRI countries totaled 4.24 trillion yuan (617.5 billion US dollars) during this period, up 9.7 percent year-on-year and outpacing the growth rate of the country's total H1 trade, according to the General Administration of Customs (GAC).

China's foreign trade remained stable growth in the first half of this year by expanding 3.9 percent year-on-year.

Trade with BRI countries also registered a higher share of China's total trade, which stood at 28.9 percent, up by 1.5 percentage points compared with H1 2018.

Exports and imports with Russia, Saudi Arabia and Egypt went up by 11.5 percent, 34 percent and 11 percent respectively, GAC data showed.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue