China's first half trade grows at modest pace to 14.6 trillion yuan
Friday, July 12, 2019
China's foreign trade grew steadily in the first half, expanding by 3.9 percent from the year before, the General Administration of Customs said today.
First half trade was worth 14.67 trillion yuan. Exports expanded by 6.1 percent while imports grew by 1.4 percent.
The trade surplus widene dby 41.6 percent year-on-year to 1.23 trillion yuan.
The trade mix continued to improve with the general trade growing both in volume and proportion. General trade grew by 5.5 percent year-on-year and accounted for 59.9 percent of the total trade, 0.9 percentage points higher than the first half of 2018.
Private firms gained ground in sustaining China's trade growth, which made 6.12 trillion yuan of trade, up by 11 percent on-year.
Trade in the central and western regions outpaced the total trade. Twelve western provincial regions saw their trade grow 14 percent.