Trade gains in dou­ble dig­its seen for this year

China Daily (Hong Kong) - - FRONT PAGE - By ZHONG NAN zhong­nan@chi­nadaily.com.cn

Growth of China’s im­ports and ex­ports is ex­pected to see dou­ble-digit gains this year, thanks to ris­ing de­mand as a re­sult of im­prove­ment in the do­mes­tic and global economies, the Gen­eral Ad­min­is­tra­tion of Cus­toms said on Fri­day.

The coun­try’s for­eign trade vol­ume jumped by 16.6 per­cent year-on-year to 20.29 tril­lion yuan ($3.08 tril­lion) in the first three quar­ters of this year, ac­cord­ing to cus­toms data re­leased on Fri­day.

GAC spokesman Huang Song­ping said un­sta­ble and un­cer­tain el­e­ments may af­fect the coun­try’s for­eign trade de­vel­op­ment, but new growth driv­ers are tak­ing the place of old ones and steady progress is be­ing made in the struc­tural ad­just­ment, thus sup­port­ing sta­ble growth of for­eign trade.

“The sit­u­a­tion will re­main pos­i­tive if the cur­rent con­di­tions re­main un­changed by the end of this year,” Huang said at a news con­fer­ence.

The lat­est trade fig­ures and Huang’s pos­i­tive fore­cast of the coun­try’s trade growth prospects this year have helped ease con­cerns that it is strug­gling to main­tain sta­ble trade growth this year.

Ex­ports grew by 12.4 per­cent year-on-year to 11.16 tril­lion yuan in the Jan­uarySeptem­ber pe­riod, while im­ports surged by 22.3 per­cent to 9.13 tril­lion yuan.

Trade sur­plus shrank by 17.7 per­cent from the same pe­riod a year ear­lier to 2.03 tril­lion yuan.

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