Beijing, August 11 (Xinhua): China's foreign trade maintained an upward impulse in the" target="_BLANK">" target="_BLANK">first seven months of the year, although the uncertainties of global economic recovery have put more pressure on The country's exports.

Imports and total exports from the country expanded by 24.5 percent year-round at year to 21.34 trillion yuan (around 3.29 trillion US dollars) of January to July, they showed data from the General Administration of Customs (GAC).

The figures showed the foreign trade resistance of China, since it recorded a two-digit growth even compared to the pre-pandemic level during the same period in 2019, said the official GAC official, Li Kuiwen.

In July alone, imports and exports of the country increased 11.5 percent year after year to 3,27 trillion yuan, which represents an annual increase in the China's foreign trade for 14 consecutive months, customs data shown.

However, the figure represented a decrease in the month by month of 0.8 percent. Indicates a growing pressure on exports, said Bai Ming, a researcher with the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce.

New rounds of Covid-19 The outbreaks have led uncertainties to global economic recovery, analysts said.

In Southeast Asia, one of the world's leading manufacturing bases, countries such as Indonesia, Thailand, Vietnam, and Malaysia has been affected by the pandemic. The blocking measures in some countries have led to greater port congestion.

"Our products could not come out, and freight prices are increasing all the time," said Dong Lili, Deputy General Manager of the Zhejiang Wanma Marketing Center Macromolecule Matricos Co., Ltd.

Macromolecular materials of the cable company are sold mainly to the Association of Southeast Asia. Nations, Middle East and South America. Ninety-five percent of these materials are sent by sea.

High prices of raw material, the continuous increase in logistics costs and fluctuations at the RMB exchange rate also raised challenges to foreigners Trade Enterprises, Bai said.

With increasing rates of vaccination and gradual restoration of productivity throughout the world, foreign countries have become less dependent on China's production capacity, Bai said.

It is also one of the reasons for decreasing exports, Bai said.

But these challenges do not have moistened the vitality of China's foreign trade.

In the" target="_BLANK">" target="_BLANK">first seven months, imports and exports of private companies increased by 31 percent year over year, representing 47.9 percent of the country's total . It depends on 2.4 percentage points year after year.

POSITEC TECHNOLOGY (China) Co., Ltd., which produces power tools, received 30 percent more orders in July compared to June.

The main clients of the company in the United States increased by around 32 percent, and those in Europe increased by approximately 28 percent as foreign customers. Stored in advance. For black Friday and the Christmas season.

Chinese foreign commercial companies have also adopted changes to take advantage of development opportunities.

while continuing to transport products through maritime shipping, POSITEC technology (China) Co., Ltd. also sent products to Europe through freight train services from China-Europe in April of this year. The company has also been actively developing its cross-border e-commerce business.

Facing challenges and uncertainties of the pandemic, on the Chinese front

Beijing  Zhejiang  Hangzhou 

Image of How to find a teaching job in Universities in China
Rate and Comment
Image of Shandong holds leaders Wuhan in Chinese Super League
Shandong holds leaders Wuhan in Chinese Super League

视频 播放 位置12 games winning streak with a 1-1 draw, while reducing the gap at the Chinese Super League table (CSL) on Wednesday. In a clas

Read more →




Already have an account? Login here

contact us


Add Job Alert