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China foreign trade increases 12pc to US$4 trillion in 2017
THE value of China's exports and imports is expected to hit US$4 trillion for 2017, said the Ministry of Commerce, Reuters reports.
Ministry spokesman Gao Feng said exports and imports have already totalled $3.7 trillion in the first 11 months, representing year on year growth of 12 per cent.
"China's exports have seen a rapid growing trend, and have a significant role in stimulating the country's economic growth", Mr Gao said.
Meanwhile, the State Administration of Foreign Exchange (SAFE) said foreign reserves standing at the world's number one position could help maintain the stability of mainland firms' investments.
SAFE statistics show the surplus of current accounts for the first three quarters amounted to $109.8 billion, accounting for 1.3 per cent of GDP, which is described as a reasonable rate. Meanwhile, the surplus of financial and capital accounts was $5.31 billion for the first three quarters.
SAFE also said exports and imports saw growth of 10 per cent and 17 per cent respectively as of the third quarter, showing a recovering trend.
Ministry spokesman Gao Feng said exports and imports have already totalled $3.7 trillion in the first 11 months, representing year on year growth of 12 per cent.
"China's exports have seen a rapid growing trend, and have a significant role in stimulating the country's economic growth", Mr Gao said.
Meanwhile, the State Administration of Foreign Exchange (SAFE) said foreign reserves standing at the world's number one position could help maintain the stability of mainland firms' investments.
SAFE statistics show the surplus of current accounts for the first three quarters amounted to $109.8 billion, accounting for 1.3 per cent of GDP, which is described as a reasonable rate. Meanwhile, the surplus of financial and capital accounts was $5.31 billion for the first three quarters.
SAFE also said exports and imports saw growth of 10 per cent and 17 per cent respectively as of the third quarter, showing a recovering trend.
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