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Foreign trade rises 2.4% so far this year

2019-12-9 12:13

Exports, imports climb despite global slowdown, Sino-US trade dispute

China's foreign trade volume over the first 11 months of 2019 expanded 2.4 percent year-on-year to 28.5 trillion yuan ($4.14 trillion), registering steady growth, the General Administration of Customs said on Sunday.

Exports climbed 4.5 percent to 15.55 trillion yuan, and imports totaled 12.95 trillion yuan. The trade surplus widened by 34.9 percent to 2.6 trillion yuan during the period.

For November, exports and imports hit 2.86 trillion yuan, growing 1.8 percent year-on-year, with imports increasing 2.5 percent to 1.29 trillion yuan.

Li Kuiwen, director of the GAC's statistics and analysis department, said China's foreign trade remains resilient as the national economy develops stably and continues to grow, despite the slowdown in the global economy and trade growth this year.

Import growth in November reflected China's improved domestic market demand, he told China Central Television.

The European Union was China's largest trading partner from January to November, with the bilateral trade volume up 7.7 percent year-on-year to 4.4 trillion yuan. The Association of Southeast Asian Nations was second largest, up 12.7 percent to 3.98 trillion yuan.

Trade growth with the Belt and Road economies was higher than the overall growth, as imports and exports with those economies hit 8.35 trillion yuan in the first 11 months, increasing 9.9 percent year-on-year and accounting for 29.3 percent of China's total foreign trade, up 2 percentage points, the GAC said.

In contrast, China's trade with the United States declined 11.1 percent year-on-year from January to November to 3.4 trillion yuan. Exports dropped 8.4 percent to 2.64 trillion yuan, and imports declined 19.5 percent to 763.05 billion yuan. The trade surplus with the US fell 3 percent to 1.88 trillion yuan.

The China-US trade decline came while the two countries have not yet addressed their trade disputes, but China's overall foreign trade is expected to continue its expansion, experts said.

Qin Tai, a macroeconomy researcher at securities services provider Shenwan Hongyuan Group Co, said next year, as China-US consultations are expected to make progress and uncertainties in the external environment may improve, the impact of the trade dispute on China's exports may be reduced.

"On the whole, both the country's exports and imports are projected to continue their growth in 2020," Qin said in a recent research note.

Yang Changyong, a researcher at the Chinese Academy of Macroeconomic Research, said newly emerged business models like cross-border e-commerce, have created new opportunities for trade companies and have injected fresh impetus into foreign trade development.

The GAC data also showed China's foreign trade structure is improving. General import and export trade rose 4.8 percent year-on-year to 16.87 trillion yuan from January to November, accounting for 59.2 percent of the total foreign trade, which was up 1.4 percentage points year-on-year.

Private enterprises also contributed more. Their exports and imports valued 12.12 trillion yuan in the January-November period, up 10.4 percent and accounting for 42.5 percent of the country's total foreign trade, which was up 3.1 percentage points.

尽管全球经济放缓,中美贸易争端,但进出口仍在攀升


海关总署周日表示,2019年前11个月中国外贸总额同比增长2.4%,达到28.5万亿元(4.14万亿美元),呈现稳定增长态势。


出口增长4.5%,至15.55万亿元,进口总额为12.95万亿元。同期贸易顺差扩大34.9%,达到2.6万亿元。


11月份,进出口总额达到2.86万亿元,同比增长1.8%,其中进口增长2.5%,达到1.29万亿元。


中国海关总署统计分析司司长李奎文表示,尽管今年全球经济和贸易增长放缓,但随着国民经济的稳定发展和持续增长,中国的对外贸易仍然具有弹性。


他对中国中央电视台表示,11月份进口增长反映了中国国内市场需求的改善。


今年1月至11月,欧盟是中国最大的贸易伙伴,双边贸易额同比增长7.7%,达到4.4万亿元人民币。东南亚国家联盟(Association of Southeast Asian Nations)位居第二,增长12.7%,至3.98万亿元。


贸易增长与皮带和道路高于整体经济增长,进口和出口与经济在前11个月达到8.35万亿元,同比增长9.9%,占中国对外贸易总额的29.3%,2个基点,海关总署说。


相比之下,中国与美国的贸易从1月到11月同比下降了11.1%,降至3.4万亿元。出口下降8.4%至2.64万亿元,进口下降19.5%至7630.5亿元。对美贸易顺差下降3%,至1.88万亿元。


专家表示,中美贸易下滑之际,两国尚未解决贸易争端,但中国整体对外贸易预计将继续扩张。


申万弘源集团宏观经济研究员秦泰表示,明年中美磋商有望取得进展,外部环境的不确定性可能会改善,贸易争端对中国出口的影响可能会减少。


秦在最近的一份研究报告中表示:“总体而言,中国的进出口预计将在2020年继续增长。”


中国宏观经济研究院研究员杨昌勇表示,跨境电商等新兴商业模式为贸易企业创造了新的机遇,为外贸发展注入了新的动力。


广汽集团的数据还显示,中国的外贸结构正在改善。1 - 11月进出口贸易总额16.87万亿元,比上年同期增长4.8%,占外贸总额的59.2%,比上年同期增长1.4个百分点。


私营企业的贡献也更大。1 - 11月进出口总额12.12万亿元,增长10.4%,占外贸总额的42.5%,增长3.1个百分点。

原作者: LIU ZHIHUA and JING SHUIYU 来自: china daily