Jan-Sept trade up 2.8% amid conflicts
by ChinaDaily 2019-10-15
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source: chinadaily

China's foreign trade maintained stable performance during the first three quarters despite trade friction with the United States, the latest customs data showed.


Looking ahead, the expansion of international trade will depend largely on the easing of trade tensions, which, left unresolved, may further dampen the global economy, according to officials and analysts.


Foreign trade of the world's second-largest economy recorded stable growth from January to September, expanding 2.8 percent year-on-year, the General Administration of Customs announced on Monday.


China's total foreign trade volume reached 22.91 trillion yuan ($3.23 trillion) in the first nine months. Exports expanded 5.2 percent while imports dropped 0.1 percent.


Despite slower global economic growth and rising trade protectionism, China's foreign trade has remained resilient due to strong domestic consumption, expansion of private businesses, tariff cuts and market diversification, said Li Kuiwen, a spokesman for the administration.


Li predicted that China's foreign trade will remain stable for the year.