Industrial upgrade spurs foreign trade
By Zhong Nan and Jing Shuiyu | China Daily | Updated: 2017-02-11 07:13
China recorded double-digit growth in exports and imports in January, thanks to surging industrial demand and enhanced manufacturing capabilities as a result of the ongoing industrial upgrading, experts said on Friday.
Imports surged by 25.2 percent year-on-year to 911.2 billion yuan ($132.4 billion), indicating growing demand amid ongoing supply-side reform.
Exports increased by 15.9 percent to 1.27 trillion yuan, according to the General Administration of Customs.
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