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China's foreign trade maintains steady progress despite global economic headwinds

China

China

China

China's foreign trade maintains steady progress despite global economic headwinds

2026-06-11 23:14 Last Updated At:06-12 05:17

China's foreign trade has maintained a steady and positive momentum despite a complex and severe international political and economic landscape since the beginning of this year, said Commerce Ministry spokesman He Yadong at a press conference in Beijing on Thursday.

According to He, China's foreign trade in goods amounted to 20.68 trillion yuan (about 2.9 trillion U.S. dollars) in the first five months of this year, up 15.3 percent year on year.

In terms of structure, import potential continued to be unleashed, He said. The scale of China's imports in the first five months of 2026 hit a record high for the same period.

China's export structure continued to improve, He said. Thanks to a complete and efficient industrial and supply chain system, Chinese goods boast stable supply, reliable quality and advanced technology, gaining growing global recognition.

Exports of mechanical and electrical products increased by 18.4 percent year on year in the Jan-May period. Integrated circuit exports performed strongly, while electric vehicles, lithium batteries and photovoltaic products continued to lead globally.

From January to May, China's imports and exports with Belt and Road partner countries grew by 13.6 percent, and with the Association of Southeast Asian Nations (ASEAN), the European Union, Africa and Latin America maintained double-digit growth.

"No matter how complex or changeable the external environment may be, China will unswervingly advance high-standard opening up and take more concrete measures to stabilize exports and expand imports, injecting more stability and positive energy into the world economy," said He.

China's foreign trade maintains steady progress despite global economic headwinds

China's foreign trade maintains steady progress despite global economic headwinds

Two explosions were heard early Friday off the coast of Sirik County in southern Iran's Hormozgan province, the country's state-run IRIB news agency reported.

It said the explosions were from the sea and related to the Strait of Hormuz.

There have been no projectile hits or clashes in Sirik so far, it said.

Two blasts were also heard in the port city of Bandar Abbas in Hormozgan, it added.

Meanwhile, Iran's semi-official Tasnim news agency reported that the explosions around Sirik may relate to Iranian armed forces' response to "a violation during passage through the Strait of Hormuz".

Iran's main military command, Khatam al-Anbiya Central Headquarters, announced early Thursday that the Strait of Hormuz has been closed to all vessels, including oil tankers and commercial ships, due to security threats in the waterway.

In a statement carried by Iranian media, the headquarters cited ongoing U.S. "malicious acts" and attacks earlier in the day on areas in Iran's southern Hormozgan province, warning that any vessel attempting to transit the strait will be targeted.

However, U.S. Central Command denied the strait was closed, saying Wednesday that commercial vessels continue to transit the Strait of Hormuz.

In a statement, Iran's Islamic Revolution Guard Corps (IRGC) Navy reminded all ships to remain at anchor, not to be misled by the U.S. military into passing through the strait without authorization.

Blasts heard near south Iran's Sirik, Bandar Abbas: media

Blasts heard near south Iran's Sirik, Bandar Abbas: media

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