Business / Economy

China advances diversity in trading partners

By Jiang Xueqing ( Updated: 2016-01-13 15:05

China has achieved progress in diversification of trading partners. In 2015, the bilateral trade between China and its largest trading partners - the European Union, the US and the Association of Southeast Asian Nations - stood at 3.51 trillion yuan ($533.52 billion), 3.47 trillion yuan and 2.93 trillion yuan, respectively.

The country's trade with emerging market economies such as ASEAN countries and India performed relatively well. These countries still maintain good economic conditions and a stable political situation, thus becoming an important direction for China's exports, said Huang Songping, spokesman of the General Administration of Customs.

Also during the last year, China's trade with Africa fell 18.3 percent year-on-year to 1.11 trillion yuan. Its exports to Africa rose 3.6 percent to 0.67 trillion yuan, while imports from Africa dropped 38.4 percent to 0.44 trillion yuan, according to the General Administration of Customs.

Bilateral trade between China and Russia fell 27.8 percent to 422.73 billion yuan, among which China's exports to Russia dropped 34.4 percent to 216.24 billion yuan. Its imports from Russia decreased by 19.1 percent to 206.49 billion yuan.

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