China trades more with emerging economies

BEIJING - China saw fast increases in foreign trade with emerging economies and developing countries last year, shaping a better world trade layout, the country's Ministry of Commerce (MOC) said on Thursday.

The ministry's data showed that foreign trade between China and emerging economies and developing countries took a larger share in 2012, 6.2 percentage points more than the previous year.

Trade with Brazil, Russia, India and South Africa, all BRICS members, surged 188.5 percent, 83 percent, 72 percent and 327 percent, respectively, the MOC said.

China's foreign trade also shifted around the domestic layout, with the country's central and western regions taking 13.1 percent, 4.6 percentage points more than 2007, according to the MOC.

Meanwhile, China's import and export of services maintained growth in 2012, with a year-on-year increase of 12.3 percent in the total volume to $470.58 billion, ranking third in the world.