Deepened reforms result in foreign trade dividend

The nation's import and export volume by the middle of November exceeded last year's total by 15 percent according to China Customs, and experts said the government's continuous efforts to deepen reform and facilitate trade have paid off.

While the detailed data for November has yet to be released, according to figures from the General Administration of Customs, the total import and export volume reached 2.75 trillion yuan ($398 billion) in October, up 22.9 percent year-on-year.

In the first 10 months of 2018, the total trade volume topped 25 trillion yuan, up 11.3 percent year-on-year. A significant increase was seen in the private sector, as the country's private enterprises imported and exported 9.88 trillion-yuan worth of goods in the first 10 months, up 14.6 percent, accounting for 39.4 percent of the nation's total.