BUSINESS China’s foreign trade up 7.8% in November

BUSINESS

China’s foreign trade up 7.8% in November

People's Daily app

11:11, December 07, 2020

Photo taken on April 14, 2020 shows containers at the Lianyungang Port in Lianyungang City, east China's Jiangsu Province. (Photo by Geng Yuhe/Xinhua)

China’s foreign trade expanded 7.8 percent year on year in November, with exports jumping 14.9 percent year on year and imports slipping 0.8 percent in yuan terms, the General Administration of Customs (GAC) said in a statement on Monday.

In the first 11 months, China's foreign trade of goods totaled 29.04 trillion yuan ($ 4.17 trillion), up 1.8 percent year on year.

China’s foreign trade with its top five partners continued the upward momentum. The Association of Southeast Asian Nations (ASEAN) fortified its position as China’s largest trading partner in the first 11 months, followed by the European Union and the United States. Trade with ASEAN countries took up 14.6 percent of China’s overall volume during the period.

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