Zhejiang trade growth remains stable

Zhejiang province's export growth remained steady in the first five months of the year despite headwinds from the China-US trade dispute, and the province's export growth in the first half is expected to reach 9 percent year-on-year, said its governor on Friday.

Yuan Jiajun, governor of Zhejiang province, said at a news conference that despite Sino-US trade disagreements, the growth rate of the province's exports in the first five months rose 8.4 percent, and that the province's two-way trade in 2018 totaled 2.85 trillion yuan ($414.8 billion), of which exports comprised 2.1 trillion yuan. Zhejiang's total exports last year accounted for 12.9 percent of the national total, ranking third nationwide.

"Trade conflicts between China and the United States have jeopardized China's trade environment. Therefore, we are taking active measures to ensure both the growth rate and the national proportion of Zhejiang's imports and exports to contribute to national economic development," Yuan said.