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Friday, 15 February 2019 15:00

China trade data beat expectations

China trade data beat expectations

China's exports and imports both rose at a faster-than-expected rate in January, another sign that the Chinese economy remained resilient despite growing external uncertainties, Caspian Energy News (www.caspianenergy.net) reports with reference to Xinhua.

Total goods trade rose 8.7 percent year on year in January to 2.73 trillion yuan (395.98 billion U.S. dollars), the General Administration of Customs said in an online statement Thursday.

Exports rose 13.9 percent year on year to 1.5 trillion yuan last month, while imports grew 2.9 percent to 1.23 trillion yuan, customs data showed.

Exports and imports of products under the general trade category rose 13 percent year on year to 1.66 trillion yuan, accounting for 60.9 percent of the total foreign trade, 2.3 percentage points higher than the same period last year, customs data showed.

China's trade with the European Union, ASEAN countries and Japan increased 17.6 percent, 7.8 percent and 6.5 percent, respectively, while trade with countries along the Belt and Road registered faster-than-average growth, with the combined trade volume standing at 770.8 billion yuan, up 11.5 percent year on year.

Exports to the United States went up 1.9 percent, while imports tumbled 38.6 percent, the data showed.

More details: http://www.xinhuanet.com/english/2019-02/14/c_137821234.htm

Person in charge of the newsline: Olga Nagiyeva 

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