China’s foreign trade is expected to reach a new high in the second half of the year, but probably at a slower yearly growth rate due to complexities at home and abroad, according to analysts and business leaders.
They also said it is important for the nation to steer toward the high-quality development of foreign trade, which means further optimizing the foreign trade structure.
Their comments came after China’s good foreign trade performance during the first half of the year, but also took account of the evolving domestic and foreign situations.
According to the General Administration of Customs, China’s foreign trade climbed by 27.1 percent year-on-year to 18.07 trillion yuan ($2.8 trillion) during the first half of this year, with exports increasing 28.1 percent year-on-year and imports rising 25.9 percent.
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