USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Macro

China's foreign trade expected to continue upward trend: Report

Xinhua | Updated: 2017-05-05 11:31

China's foreign trade expected to continue upward trend: Report

A ship loads containers at a terminal in Qingdao, Shandong province. [Photo/China Daily]

BEIJING - China's imports and exports are likely to continue their upward trend this year but pressure will remain due to external uncertainties, a report said Thursday.

Foreign trade will be in a better position thanks to improving structure and efficiency and more growth momentum, according to a report by the Ministry of Commerce.

The sound fundamentals have remained unchanged and local companies still have advantages in global trade, said the report.

Boosted by a pickup in external demand and a stable domestic economy, China's trade with the rest of the world grew strongly in the first quarter.

Exports in yuan-denominated terms rose 14.8 percent year on year, while imports jumped 31.1 percent. The trade surplus dropped 35.7 percent.

The report warned of a still grim trade situation and called for continued efforts to ensure steady development, citing a shaky recovery of external demand, more competition and trade frictions.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US