Trade still fac­ing un­sta­ble fac­tors

China Daily (USA) - - BUSINESS -

China’s cross-bor­der trade still faces dif­fi­cul­ties and un­sta­ble fac­tors, but is look­ing bet­ter in the long term, ac­cord­ing to a newly is­sued re­port by the Min­istry of Com­merce. Pres­sured by the strug­gling world econ­omy and ever stronger pro­tec­tion­ism in in­ter­na­tional trade, China’s cross­bor­der trade in the first three quar­ters in to­tal is down by 1.9 per­cent year-on-year, mount­ing 17.53 tril­lion yuan ($2.59 tril­lion). The growth rates of im­ports and ex­ports both bounced up in the third quar­ter, re­sult­ing from a se­ries of fa­vor­able poli­cies to boost for­eign trade. The re­port also showed that cross-bor­der e-com­merce, pri­vate en­ter­prises and high-end man­u­fac­tur­ing in­dus­try are be­com­ing new driv­ing forces of China’s cross-bor­der trade. The cross-bor­der trade over­all is eye­ing sta­ble growth in 2017, the re­port said.

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