China’s foreign trade hits record high in 2019


Vestibulum in - suscipit consequat nisl dolor.

Last year, China’s foreign trade, imports, and exports all hit new annual highs, and China is expected to maintain its position as the world’s largest trading power. The analysis pointed out that this achievement was achieved against the background of weak demand in the international market and a severe and complex trade environment. On the one hand, it was due to the steady improvement and strong resilience of the Chinese economy, and on the other hand, it was due to the continuous release of the policy effect of stabilizing foreign trade. Objectively, the depreciation of the exchange rate has also boosted foreign trade exports.

Although China’s import and export to the United States in 2019 was 3.73 trillion yuan, a year-on-year decrease of 10.7%, but in the past two months, Sino-US trade, especially imports from the United States, have shown recovery growth. In December, China imported 14.1 billion yuan of agricultural products from the United States. , an increase of 2 times; the import of automobiles was 23,000, an increase of 1.5 times.

The removal of China from the list of currency manipulators by the United States and the imminent signing of the first phase of the Sino-US trade agreement have significantly boosted business confidence. According to a customs survey of 3,000 foreign trade companies, the number of companies that are optimistic about future exports in December 2019 has increased significantly The number of increases hit the highest value since the second half of 2018.