China’s foreign trade turnover in January-October increased by 0.03%
Chinese imports in October increased by 6.4 per cent due to imports of consumer goods and minerals
China’s foreign trade turnover for 10 months increased by 0.03 per cent year-on-year. According to the General Administration of Customs of the People’s Republic of China, it reached 4.78 trillion US dollars. Exports for January-October increased by almost 0.5 percent, imports decreased by the same amount. This is reported by
CGTN, a partner of TV BRICS.
Trade with countries participating in the Belt and Road trade and infrastructure initiative grew by 3.2 per cent. Trade with Central Asia was the best, with its volume increasing by more than a third in 10 months.
September reversed the post-pandemic decline, and in October the country’s foreign trade growth accelerated to nearly 1 per cent year-on-year. Imports grew by 6.5 per cent over the past month. The fastest growth is observed in the segments of consumer goods and mineral raw materials.