China’s foreign trade up 4.9% in 11 months

China’s foreign trade of goods increased by 4.9 percent year-on-year to reach 39.79 trillion yuan ($5.49 trillion) in the first 11 months this year, according to Global Times.

Exports rose 6.7 percent year-on-year to reach 23.04 trillion yuan, while imports edged up 2.4 percent year-on-year to reach 16.75 trillion yuan in the first 11 months, according to the General Administration of Customs (GAC).

Thanks to the government’s package of pro-growth policies, the country’s foreign trade volume registered a 1.2-percent increase year-on-year in November alone in yuan-denominated terms, totalling 3.75 trillion yuan, with monthly foreign trade volume maintaining growth in the eighth consecutive month of growth, according to the GAC.

In the first 11 months, foreign trade handled by private enterprises accounted for 55.3 percent of the country’s total trade, representing a 2-percentage-point increase from the same period last year, GAC data showed.

WAM