Stronger foreign trade expected

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Stronger foreign trade expected

2022-09-08 17:47:07

China's foreign trade is expected to expand steadily in the coming months, driven by the government's supportive policies and the resilience of its industrial chain in electromechanical industry, experts said on Wednesday.

In August, the value of China's foreign trade in goods grew 8.6 percent year-on-year to 3.71 trillion yuan ($531.6 billion), and the figure reached 27.3 trillion yuan in the first eight months of this year, up 10.1 percent year-on-year, according to the General Administration of Customs.

Though the growth rate in August was slower compared with July's 16.6 percent year-on-year growth, due to the high base last year and a weakening in global demand, the experts said, China's foreign trade will be able to maintain double-digit growth in the second half of the year, and is expected to be a major driver of its economic growth this year.