621x74.gif

China Daily

News> Business> Content
Sunday, March 10, 2019, 14:16
Official: China's foreign trade picks up growth momentum
By Xinhua
Sunday, March 10, 2019, 14:16 By Xinhua

This Dec 13, 2018 aerial photo shows a container wharf at Tangshan Port in North China's Hebei province. (YANG SHIYAO / XINHUA)

BEIJING – The growth in China's foreign trade of goods rebounded strongly after the weeklong Spring Festival, according to a senior customs official.

Imports and exports surged 21 percent year on year from mid-February, Ni Yuefeng, head of the General Administration of Customs (GAC), said on Saturday.

Judging from the recent upward trend, we are very confident about China's foreign trade growth in the future. 

Ni Yuefeng, Head, General Administration of Customs, China

In the first eight days of March, the country's foreign trade soared 24.7 percent year on year, with exports rising nearly 40 percent.

READ MORE: China's foreign trade hits historic high in 2018

Historical data show that it's a normal phenomenon to have fluctuations in monthly statistics for the month with the Spring Festival, said Ni. 

"Judging from the recent upward trend, we are very confident about China's foreign trade growth in the future."

His comment came as GAC announced Friday that China's foreign trade fell 9.4 percent year on year last month to 1.81 trillion yuan (about US$270 billion), raising concerns about a slowdown in the world's second-largest economy.

ALSO READ: Draft law a positive sign for foreign businesses

Analysts cautioned it was difficult to compare trends in China's data at the start of the year due to the Spring Festival holiday, which came in early February this year and could affect business activity.

Deducting the Spring Festival factor, China's foreign trade rose 10.2 percent year on year in February, with exports increasing 7.8 percent and imports rising 12.9 percent, respectively.

Share this story

CHINA DAILY
HONG KONG NEWS
OPEN
Please click in the upper right corner to open it in your browser !