Steps will spur imports as trade growth slows down
By Jing Shuiyu and Zhong Nan | China Daily | Updated: 2019-01-15 07:50
China's foreign trade may grow at a slower pace in 2019 due to global complexities and uncertainty, while its imports are expected to gain momentum from more favorable measures, customs authorities said on Monday.
Last year, China's foreign trade volume reached a record high of 30.51 trillion yuan ($4.51 trillion), up 9.7 percent year-on-year, according to the General Administration of Customs.
The country's exports jumped 7.1 percent to 16.42 trillion yuan while imports surged 12.9 percent to 14.09 trillion yuan. The trade surplus continued to narrow, shrinking 18.3 percent.
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