China's foreign trade up by 1.9 per cent to 32.16 trillion yuan


BEIJING (China Daily/ANN):): China's foreign trade grew by 1.9 percent on a yearly basis to 32.16 trillion yuan in 2020, official data showed on Thursday (Jan 14).

The Association of Southeast Asian Nations, the European Union, the United States, Japan and the Republic of Korea remained China's top five trading partners in 2020, while trade with economies related to the Belt and Road Initiative grew by 1 per cent year-on-year to 9.37 trillion yuan, the General Administration of Customs said.

Despite the impact of the CovidD-19 pandemic, China has seen a notable rebound in exports in 2020, led by strong sales of pandemic control supplies and gadgets such as laptops, according to Li Kuiwen, the administration's spokesman.

As the country strives for production resumption amid containment of the pandemic, it has managed to restore export orders while stimulating domestic demand, which led to a rebound in imports, Li said. - China Daily/Asia News Network

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