China‑U.S. trade reached 2 trillion yuan (about 295 billion U.S. dollars) in the first half of the year, rebounding in the second quarter after a leaders’ meeting bolstered business confidence, the General Administration of Customs (GAC) said Tuesday.
Customs spokesperson Lyu Daliang, responding to a question on China‑U.S. trade, outlined the figures showing a sharp rebound in the second quarter.
"According to statistics from China Customs, the total value of China-U.S. trade in goods was 2 trillion yuan in the first half of the year, accounting for 7.9 percent of China's total foreign trade. Among them, the first quarter saw a year-on-year decrease of 18.7 percent, while the second quarter saw a year-on-year increase of 13.7 percent," he said.
The customs official said the rebound was partly due to a new positioning of China‑U.S. ties set during the meeting in Beijing between Presidents Xi Jinping and Donald Trump in May, aimed at building a constructive relationship of strategic stability.
"In May of this year, the meeting between the Chinese and U.S. heads of state established a new positioning for bilateral relations, providing stable expectations and injecting positive momentum into bilateral economic and trade relations. Guided by the important consensus reached by the two heads of state, the General Administration of Customs will focus on safeguarding national borders and promoting development, and working with other departments to promote the stable development of China-U.S. economic and trade relations," he said.
China-US goods trade rebounds to 2 trillion yuan in H1
