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2020 trade business develop

April 22, 2020

In the first half of 2019, China's 12 pilot free trade zones achieved a total import and export value of 1.61 trillion yuan, up 4.3 percent year on year, accounting for 10.97 percent of China's total foreign trade volume in the same period, the ministry of commerce said at the press conference on the promotion of innovative achievements in the system of pilot free trade zones and the third batch of 'best practice cases'.
A total of 5,010 customs registered enterprises were added, bringing the total number of customs registered enterprises to 85,045.
The actual use of foreign capital was 69.47 billion yuan, up 20.1 percent year on year, accounting for 14.5 percent of the country's total.

With the increase of import and export scale, China's foreign trade structure has been continuously optimized, especially the rapid growth of general trade and the increasing proportion of private enterprises in foreign trade, which indicates that China's foreign trade value-added capacity and development benefits have been further improved.

In the first five months of 2019, China's imports and exports of goods totaled 12.1 trillion yuan, up 4.1 percent year-on-year.
Of this, exports totaled 6.5 trillion yuan, up 6.1%.
Imports totaled 5.6 trillion yuan, up 1.8%;
The trade surplus was 893.36 billion yuan, an increase of 45 percent.

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Ms. Lily Yu

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