News Content
China's exports increase 5.9pc in August while imports rise 10.8pc
CHINA's foreign trade picked up in August on the back of stronger domestic and external demand. Yuan-denominated exports increased 5.9 per cent, while imports were up 10.8 per cent year on year.
Although trade data in August suggests an improving trend, China should not be "blindly optimistic" on its outlook, and further measures are needed to stabilise growth, Ministry of Commerce spokesman Shen Danyang said at a press conference.
Foreign trade fell 1.8 per cent in the first eight months of the year compared to the same period a year earlier, with exports declining one per cent and imports down 2.9 per cent, reported Xinhua.
Against a backdrop of flagging trade growth worldwide, protectionism is on the rise, Mr Shen said that in the first eight months of the year, China was subject to 85 trade remedy probes, an increase of 49 per cent year on year. The probes involved trade of US$10.32 billion, an increase of 94 per cent year on year.
"Relentlessly resorting to trade remedies won't help economic recovery," said Mr Shen. "China is willing to resolve the disputes through dialogue and cooperation to create a better environment for growth."
In Hangzhou earlier this month, leaders of the G20 members agreed to promote growth by devising a strategy for global trade and developing guiding principles for global investment policy-making.
Although trade data in August suggests an improving trend, China should not be "blindly optimistic" on its outlook, and further measures are needed to stabilise growth, Ministry of Commerce spokesman Shen Danyang said at a press conference.
Foreign trade fell 1.8 per cent in the first eight months of the year compared to the same period a year earlier, with exports declining one per cent and imports down 2.9 per cent, reported Xinhua.
Against a backdrop of flagging trade growth worldwide, protectionism is on the rise, Mr Shen said that in the first eight months of the year, China was subject to 85 trade remedy probes, an increase of 49 per cent year on year. The probes involved trade of US$10.32 billion, an increase of 94 per cent year on year.
"Relentlessly resorting to trade remedies won't help economic recovery," said Mr Shen. "China is willing to resolve the disputes through dialogue and cooperation to create a better environment for growth."
In Hangzhou earlier this month, leaders of the G20 members agreed to promote growth by devising a strategy for global trade and developing guiding principles for global investment policy-making.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
