www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

Industrial upgrade spurs foreign trade

By Zhong Nan and Jing Shuiyu | China Daily | Updated: 2017-02-11 09:17

Industrial upgrade spurs foreign trade

An undated photo shows a ship loads containers at a terminal in Qingdao, Shandong province. [Photo/China Daily]

China recorded double-digit growth in exports and imports in January, thanks to surging industrial demand and enhanced manufacturing capabilities as a result of the ongoing industrial upgrading, experts said on Friday.

Imports surged by 25.2 percent year-on-year to 911.2 billion yuan ($132.4 billion), indicating growing demand amid ongoing supply-side reform.

Exports increased by 15.9 percent to 1.27 trillion yuan, according to the General Administration of Customs.

Commodity imports, such as iron ore, crude oil and coal, continued to grow in January, featuring general price rises.

China bought 92 million metric tons of iron ore from global markets last month, up by 12 percent year-on-year, with an average price of 525 yuan per ton.

Crude oil imports reached 34.03 million metric tons in January, 27.5 percent higher than the same period a year earlier.

"The rebound in commodity prices and overseas demand for industrial products boosted the country's exports.

"The growing imports were also attributed to this year's Spring Festival, which arrived earlier than last year," said Xu Yang, an analyst at Sinolink Securities.

China's foreign trade reached 2.18 trillion yuan in January, up by 19.6 percent year-on-year. This led to a monthly trade surplus of 354.53 billion yuan, down by 2.7 percent from a year earlier, customs data show.

As both trading prices and volume of commodities were notably higher than the same period last year, China's trade surplus might narrow in the future, since domestic demand is likely to improve continuously, Xu said.

The continued recovery of the world economy and rising demand in the global market also played big roles. Trade with the European Union, China's biggest trade partner by volume, surged by 14.1 percent year-on-year in January.

Meanwhile, trade with the United States, China's second-biggest trade partner, rose by 21.9 percent.

"Even though this is an encouraging result, exports are still constrained by instability in the recovery of global demand, growing trade frictions and the reality that China's new competitive edge in high-end service and manufacturing sectors has not been fully established," said Huo Jianguo, vice-chairman of the China Society for World Trade Organization Studies.

Tu Xinquan, a professor at the University of International Business and Economics in Beijing, said big-ticket projects also mean huge demand for Chinese equipment, construction materials, services and technologies in markets in countries and regions along the Belt and Road Initiative. They will continue to support China's foreign trade.

A number of infrastructure projects have been launched along the Belt and Road trading routes, including Pakistan's Karakoram Highway and Karachi-Lahore Motorway and the China-Laos Railway.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 欧美亚洲国产精品久久 | 亚洲久久久久 | 日本黄大片影院一区二区 | 欧美成人在线观看 | 亚洲精品综合欧美一区二区三区 | 一个人看的日本免费视频 | 国产三级在线观看a | 国产精品色内内在线播放 | 精品久久看 | 国产成人午夜片在线观看 | 国产黄a三级三级看三级 | 成人欧美一区二区三区在线观看 | 成人在线网站 | 国产亚洲欧美一区 | 国产精品久久久久久搜索 | 国产在视频线在精品 | 国产午夜一级淫片 | 日本免费人成黄页在线观看视频 | 欧美一区精品 | 在线免费成人 | 亚洲精品视频在线观看视频 | 亚洲欧洲一区二区三区久久 | 成人观看网站a | 2020夜夜操 | 日韩黄色在线 | 日本不卡一二三 | 国产日本欧美亚洲精品视 | 特级片在线观看 | 国产精品一区在线观看 | 特黄特色三级在线播放 | 国产三级欧美 | 日韩影院久久 | 日韩欧美国产精品第一页不卡 | 免费观看日本高清a毛片 | 久草最新在线 | 亚洲三级理论 | 成年免费观看 | 国产三级久久久精品三级 | 99久久免费国产精品 | 午夜伦4480yy妇女久久久 | 亚洲网站在线观看 |