Latest Headlines
China's foreign trade off to a good start in 2023: official
  ·  2023-03-21  ·   Source: Xinhua News Agency

China's foreign trade has gotten off to a good start this year, with an upbeat trend to follow, a customs official said on March 20.

The number of containers for export has been rising since late February, Yu Jianhua, head of the General Administration of Customs (GAC), told a press conference, addressing recent reports of empty containers piled at Chinese ports that have sparked concerns over trade.

Weekly GAC data shows that trade has been improving since February, according to Yu. Although the foreign trade of goods edged down 0.8 percent year on year in the first two months, exports expanded by a better-than-expected 0.9 percent, Yu said.

Trade firms have reported increased numbers of new orders, and total exports of electric vehicles, lithium-ion batteries and solar batteries surged in the first two months, Yu said. These highlights could bolster trade growth in the months to come, he added.

Yu also cautioned against potential challenges such as dampening external demand and slow payments from some countries. The World Trade Organization lowered its forecast for 2023 global trade growth from 3.4 percent to 1 percent last October.

"Under the complex external trade climate lie opportunities, and the challenges are more global than local," Yu said, expressing confidence in securing stable trade growth this year as China's economic recovery continues.

China Focus
Special Reports
About Us
Contact Us
Advertise with Us
Partners:   |   China Today   |   China Pictorial   |   People's Daily Online   |   Women of China   |   Xinhua News Agency   |   China Daily
CGTN   |   China Tibet Online   |   China Radio International   |   Global Times   |   Qiushi Journal
Copyright Beijing Review All rights reserved 京ICP备08005356号 京公网安备110102005860