USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Macro

Foreign trade rises 19.6% in January

By ZHONG NAN | China Daily | Updated: 2017-02-16 07:40

Foreign trade rises 19.6% in January

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

China's exports to markets along the Belt and Road Initiative, including Russia, Malaysia and India, surged in January, indicating that their ongoing industrialization and infrastructure development continued to stimulate economic exchanges with China, experts said on Wednesday.

Exports to the three countries grew 39.1 percent, 22.8 percent and 18.1 percent, respectively, on a year-on-year basis, according to the Ministry of Commerce.

Zhang Yunling, director of the academic division of international studies at the Chinese Academy of Social Sciences, said from a global perspective, upgraded consumption, manufacturing capacity and infrastructure cooperation have become the biggest highlights of projects related to the trading route initiative.

Cai Weici, a senior adviser at the China Machinery Industry Federation, said: "The countries, mostly emerging economies, have growing demand for Chinese products, in particular construction machinery, building materials, passenger vehicles, consumer goods, and industrial and energy equipment."

Exports to the European Union climbed 13.6 percent in January. Exports to the United States and Japan rose 17.2 and 18 percent, respectively.

China's foreign trade rose 19.6 percent year-on-year to 2.18 trillion yuan ($317.5 billion) in January.

Wang Dongtang, deputy director-general of the Ministry of Commerce's department of foreign trade, said: "Uncertain and unstable factors are increasing. Difficulties facing China's foreign trade are not short term."

The rise of trade protectionism and sluggish overseas demand are potential curbs on China's future export growth, he added.

However, Wang said, China's foreign trade fundamentals have not changed and the country still retains advantages in this regard.

Foreign trade rises 19.6% in January

Cheng Yu contributed to this story.

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