China’s foreign trade grows by 5.7% in 4 months
BEIJING, May 10 / WAM / Data from the General Administration of Customs in China showed the growth of the country’s exports and imports during the first four months. of the current year by 5.7% compared to the same period last year, as the value of imported and exported goods reached 13.81 trillion yuan.
Data reported by the People’s Daily Online indicated that Chinese exports reached 7.81 trillion yuan, an increase of 4.9 percent, while the value of imports reached 6 trillion yuan, an increase of 6.8 percent.
The General Administration of Customs explained that private companies played a pivotal role in the growth of foreign trade, as they imported and exported a value of 7.54 trillion yuan, an increase of 10.7 percent, while state-owned companies imported and exported a value of 2.21 trillion yuan, an increase of 2 percent. Constituting 16 percent of the total value of foreign trade.
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