BRI NEWS China sees robust trade with B&R countries in 2018


China sees robust trade with B&R countries in 2018


21:37, July 19, 2019

BEIJING, July 19 (Xinhua) -- China's agricultural trade with the Belt and Road (B&R) countries totaled 77 billion U.S. dollars in 2018, according to the Ministry of Agriculture and Rural Affairs Friday.


(File photo: VCG)

China has launched more than 650 agricultural investment projects in B&R countries, with an investment of 9.44 billion dollars, up 70 percent compared with five years ago, said Ma Hongtao, an official with the ministry, at a press conference. 

These projects promoted the development of local industries such as grain, cash crops, animal husbandry and agricultural processing, Ma said.

Chinese-funded agricultural enterprises have built public welfare facilities in the B&R countries, employing more than 100,000 workers in the regions.

Ma said that the ministry has signed agricultural and fishery cooperation documents with more than 80 B&R countries.

Trade from goods with B&R countries totaled 1.3 trillion dollars in 2018, up 16.3 percent year on year and outpacing the growth rate of the country's total foreign trade last year, according to the Ministry of Commerce.  

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