BUSINESS Annual trade between China, B&R countries reaches 1.3 trln USD: MOFCOM

BUSINESS

Annual trade between China, B&R countries reaches 1.3 trln USD: MOFCOM

Xinhua

01:46, January 25, 2019

Trade volume between China and countries along the Belt and Road (B&R) Initiative totaled $1.3 trillion last year, the Ministry of Commerce (MOFCOM) said Thursday.

MOC.JPG

A cargo ship unloads goods at a container terminal of Lianyungang Port, Jiangsu province. (Photo: IC)

This marked a year-on-year growth of 16.3 percent, 3.7 percentage points higher than China's trade growth in 2018.

China exported goods worth $704.73 billion to B&R countries last year, up 10.9 percent year on year, while importing goods from them worth $563.07 billion, rising 23.9 percent year on year.

Chinese firms invested $15.64 billion  in non-financial sectors in B&R countries last year, up 8.9 percent year on year, while receiving investment from them totalling $6.08 billion, up 11.9 percent.

China will further open up the market to share more opportunities with B&R countries and promote mutual opening-up among them, said MOC spokesperson Gao Feng.

China will also promote free and facilitation of trade and investment in the region and invite more B&R firms to attend the second China International Import Expo this year, Gao added.

Related Stories

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