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Foreign trade bolsters China's economic outlook with steadily growing momentum

Date: 2022-08-08
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* China's foreign trade saw double-digit growth in the first seven months of 2022 amid policy support and a boost from Regional Comprehensive Economic Partnership (RCEP) agreements.

* China's foreign trade of goods jumped 10.4 percent year on year to 23.6 trillion yuan (about 3.5 trillion U.S. dollars) during the first seven months of the year, official data showed.

* The foreign trade growth continued the upward trend that began in May, making positive contributions to stabilizing the macroeconomic market, according to Li Kuiwen, spokesperson of the General Administration of Customs.

BEIJING, Aug. 7 (Xinhua) -- China's foreign trade saw double-digit growth in the first seven months of 2022 amid policy support and a boost from Regional Comprehensive Economic Partnership (RCEP) agreements.

During the January-July period, the country's foreign trade of goods jumped 10.4 percent year on year to 23.6 trillion yuan (about 3.5 trillion U.S. dollars), official data showed Sunday.

Exports rose 14.7 percent year on year to 13.37 trillion yuan, while imports increased 5.3 percent from a year ago to 10.23 trillion yuan, according to the General Administration of Customs (GAC).

In July alone, foreign trade jumped 16.6 percent from a year ago, with the Yangtze River Delta region seeing rapid growth of 25.7 percent, according to GAC spokesperson Li Kuiwen.


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