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China's import and export "double growth" in June

  • Categories:Industry news
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  • Time of issue:2020-07-20 17:33
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(Summary description)According to data from the general Adiministration of customers, in June China's import and export show "double growth "for the first half of a year.

China's import and export "double growth" in June

(Summary description)According to data from the general Adiministration of customers, in June China's import and export show "double growth "for the first half of a year.

  • Categories:Industry news
  • Author:
  • Origin:
  • Time of issue:2020-07-20 17:33
  • Views:
Information

    In June, China's import and export showed "double growth" for the first time in the year. According to the latest data of the General Administration of customs, China's export volume increased by 4.3% year-on-year in June, and it has increased for three consecutive months since April; the import growth rate was 6.2%, and both achieved positive growth for the first time in the year. After the shock in the first quarter, China's total import and export value shrank to 0.2% year-on-year in the second quarter, and increased by 16.7% compared with the first quarter.

    On July 14, the Information Office of the State Council held a press conference in Beijing to introduce the import and export situation in the first half of 2020. The overall performance of China's foreign trade imports and exports in the first half of the year was "better than expected", according to data from the General Administration of customs.

    By country, in the first half of the year, the trade volume between China and ASEAN increased by 5.6%, the trade volume between China and Europe decreased by 1.8%, and the trade volume between China and the United States decreased by 6.6%. In the first half of the first half of China's top ten trading partners, the growth and decline of trade volume accounted for half, while in the second quarter alone, eight bilateral trade were growing.

   The General Administration of Customs said at a news conference held on the same day that China's foreign trade import and export performance in the first half of the year was "better than expected".

   At present, the epidemic is still spreading all over the world, the world economy is in a serious recession, and international trade and investment are shrinking sharply

  China's foreign trade development is facing a significant increase in uncertain and unstable factors, which are affected by the economic and trade frictions between China and the United States. The import and export situation in the second half of the year is still complex and grim. However, with the continuous release of the effects of a series of policies and measures to stabilize foreign trade, we are confident to stabilize the basic market of foreign trade. 

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