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In 2017 China's Foreign Trade Import And Export Will Be About $4 Trillion

- Jan 03, 2018 -

The ministry of commerce 28 at a regular press conference in the morning. Peak of the ministry of commerce spokesman, said the first 11 months of this year, China's foreign trade import and export reached 25.14 trillion yuan, up 15.6% from a year earlier. According to the calculation is $3.7032 trillion, up 12% from a year earlier. At this rate, if not special circumstances, this year our country foreign trade import and export is expected to once again topped $4 trillion.

A reporter asked, Reuters reported Thursday November year-on-year growth in both import and export of China, far more than market expectations, December exports is expected to continue rapid growth, the year the foreign trade to GDP growth will remain positive. The ministry of commerce, please comment on this? What's the forecast for next year's foreign trade development?

Peak response, according to the first 11 months of this year, China's foreign trade import and export reached 25.14 trillion yuan, up 15.6% from a year earlier. According to the calculation is $3.7032 trillion, up 12% from a year earlier. At this rate, if not special circumstances, this year our country foreign trade import and export is expected to once again topped $4 trillion. We can say that overall situation of China's foreign trade maintained a fast growth. Trade pull function on the national economic growth.

Peak, said in the last few years, we firmly promote the supply side structural reform in the field of foreign trade, foreign trade enterprise of labor efficiency, capital efficiency, resources and environment efficiency has been effectively promoted, product varieties, quality and the grade is in the high-end, intelligent direction. Overall, China's foreign trade import and export by high-speed growth stage to high quality development stage, the development potential is gradually release.

Peak, points out that with the development of the next year, China's foreign trade. From the external environment, the parties generally optimistic about the next year, global economic growth. According to the international monetary fund forecasts that the world economy is expected to grow 3.7% next year, faster than this year's world economic growth is expected to 0.1%. The growth of the international trade in goods and services will reach 4.0%, higher than that of the last five years, that is, 2013-2017, the average growth rate of 3.4%, more than the world economic growth. Of course, in the field of international trade still exist some uncertain and unstable factors. Domestically, our country enterprise endogenous kinetic energy is accumulated, we will continue to encourage enterprises to strengthen innovation drive, increase the contribution rate of scientific and technological progress of foreign trade, improve the total factor productivity, and gradually achieve the high quality of the foreign trade development.

Peak said next year China's foreign trade import and export are still able to maintain stability in the good momentum of development.


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