This aerial photo taken on Aug 13, 2018 shows containers at the Yangluo port in Wuhan, capital of central China's Hubei province. (PHOTO / XINHUA)
BEIJING — China's foreign trade will maintain steady growth in 2018, as the country's economy posted stable performance amid mounting external uncertainties, according to a report released by the Ministry of Commerce.
The report reads that the Chinese economy currently showed many favorable conditions to sustain medium-high growth and move toward a medium- to high-end level, laying a solid foundation for the development of foreign trade
China's foreign trade saw fast growth in the first three quarters, the report reads.
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The country's goods trade rose 11.1 percent year-on-year to 27.88 trillion yuan (about US$4 trillion) in the first 11 months this year, customs data showed.
Exports rose 8.2 percent year-on-year to 14.92 trillion yuan in the January-November period while imports grew 14.6 percent to 12.96 trillion yuan, resulting in a trade surplus of 1.96 trillion yuan, which narrowed by 21.1 percent.
However, the growth of foreign trade might be pulled back because of a high comparative base during the same period last year, the ministry added.
The report also reads that the Chinese economy currently showed many favorable conditions to sustain medium-high growth and move toward a medium- to high-end level, laying a solid foundation for the development of foreign trade.
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The fundamentals of China's economic development have remained steady and positive over the past 11 months. China's gross domestic product posted an increase of 6.7 percent year-on-year in the first three quarters, above the government's target of 6.5-percent.
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