The Development Of Foreign Trade In The First 10 Months Is Stable
Nov 14, 2019
Exports in the central and western regions increased by 13.8%
According to Xinhua News Agency, Beijing, November 12, the head of the Foreign Trade Department of the Ministry of Commerce introduced on the 12th, from January to October, China's total import and export volume increased by 2.4% year-on-year, of which exports increased by 4.9% and imports fell by 0.4%. From January to October, the development of foreign trade has been steadily improving. From an international comparison, according to the latest data from the WTO, in the first eight months, China's import and export growth rate is higher than the average growth rate of the world's major economies.
The data shows that the foreign trade structure continues to be optimized. From the perspective of the international market layout, the import and export of countries along the “Belt and Road” increased by 9.4%, accounting for 4.1 percentage points increase to 23.1% in 2013. From the perspective of domestic regional distribution, exports from the central and western regions increased by 13.8%, which was 8.9 percentage points higher than the overall export, accounting for 1.4 percentage points higher than the same period of last year to 18.1%. From the perspective of commodity structure, the export of mechanical and electrical products accounted for 58.3%.
The person in charge of the Foreign Trade Department of the Ministry of Commerce said that at present, a new round of reform and opening up has injected new vitality into the development of foreign trade. The second China International Import Expo was successfully held, the decentralization of power was gradually promoted, the policy dividend was gradually released, and the business environment continued to improve. Increased access to policy. According to the survey, more than 70% of enterprises are generally satisfied with the implementation of the stable foreign trade policy. In the next step, the Ministry of Commerce will make greater efforts to stabilize and stabilize the company and promote the high-quality development of trade.






