China's foreign trade grew by 6.2 percent year on year in the first seven month of 2024 despite various uncertainties in the international environment, according to Thursday's release by National Bureau of Statistics.
The release shows the goods trade volume of private enterprises rose by 10.9 percent, taking up 55.1 percent of the total.
From January to July, export of automatic data processing equipment and its parts increased by 11.6 percent year-on-year. While that of home appliance, integrated circuits and ships grew by 18.1 percent, 25.8 percent and 84.4 percent, respectively.
During that period, China's foreign trade to countries that participate in the Belt and Road Initiative saw a 7.1-percent year-on-year increase, with that of ASEAN nations up 10.5 percent.
Meanwhile, the country's import and export volume with the United States and South Korea rose by 4.1 percent and 8.0 percent separately. In addition, that of EU turned decline to growth.
"Despite the profound changes in the international environment, the rise of trade protectionism, and many other external uncertainties, China has the advantage of a super-large market, as well as supplies with complete industrial system and strong innovation. Under the guidance of the high-level opening-up policy, the vitality of foreign trade players and the advantages of strong growth resilience continue to emerge, with the resilience and competitiveness of foreign trade being consolidated and strengthened," said Liu Aihua, spokeswoman of the National Bureau of Statistics.
China's foreign trade in first 7 months continues growing against external uncertainties
