Fri. Jan 18th, 2019

China's exports suffer their greatest every two years - The Province

China's exports suffer their greatest every two years - The Province


During the past month of December, Chinese exports reached a total of221,250 million dollars(192,938 million euros), a figure that represents ayear-on-year decline of 4.4%,the largest in the last two years, aggravating the fears of aslowing down of the economy,according to the data published by the General Administration of Customs of China.

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Also, Chinese imports in December sumaron a total of 164.190 million dollars(143,179 million euros), which represents a fall of 7.6% compared to the figure of the previous year.

However, in the year as a whole, Chinese commercial relations reached a record value of 4.62 trillion dollars (4.03 trillion euros), exceeding by 12.6% the figure for 2017, with a growth of 9%. , 9% of exports, up to 2.48 trillion dollars (2.17 trillion euros), while imports increased 15.8%, to 2.13 trillion dollars (1.85 trillion euros).

But nevertheless,China's trade surplus in 2018 reached 351,760 million dollars(306,762 million euros), 18.3% less than in 2017.

"China effectively addressed changes in the international environment during the past year and foreign trade maintained stable growth, reaching a record peak in export and import volume," customs agency spokesman Li Kuiwen told a news conference.

In this regard, the spokesman of the General Administration of Customs of China stressed that trade cooperation with countries that are part of the initiative known as'Cinturó and Ruta de la Seda'"They have become the new force that drives the development of China's international trade."

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