China's
export grew by double-digit in August, 2022. The official data shows a
11.8 percent growth, year-on-year, bucking the market trends of a
probable slowdown because of growing geopolitical uncertainty and high
inflation.
Data released by the General Administration of Customs
(GAC) on Wednesday, show that China's foreign trade totaled 3.71
trillion yuan ($531.64 billion) in August, an increase of 8.6 percent.
In
August, China's exports increased 11.8 percent to 2.12 trillion yuan,
while imports rose 4.6 percent to 1.59 trillion yuan. The country's
trade surplus expanded 40.4 percent, maintaining at a relatively high
level.
The first 8 months of 2022 showed China's foreign trade
grew 10.1 percent to 27.3 trillion yuan, while exports gained 14.2
percent to 15.48 trillion yuan.
ASEAN has become China's largest
trading partner, accounting for 15 percent of China's total foreign
trade between January and August. China's trade with its top three
trading partners - ASEAN, EU and USA - grew 14.2%, 9.5% and 10.1%
respectively.
The biggest jump is in the trade with Belt and Road Initiative (BRI) partners. It jumped 20.2% over the same period.
In
August alone, China's import and exports with BRI countries and regions
increased 23.8 percent year-on-year, contributing to 6.9 percentage
points of the country's total foreign trade growth.
Last but not
least, over the same period, China's foreign trade with the 14 Regional
Comprehensive Economic Partnership (RCEP) economies increased by 7.5%.
The trade data, if it continues uptrend as it is, will see China attaining another double-digit growth at the end of 2022.
APEC 2024 Peru. Biden shafted to a corner in the back row. Xi in front row next to Peru's President
Well done, China. Keep bucking up the trend and the world shall be astonished and surprised.
ReplyDeleteHow do those anti-China factions came to the conclusion that China is going to collapse within a matter of weeks or days?
ReplyDeleteWith these statistics to back up, the reality makes a mockery of the lies. The same is being levelled against Russia, day in and day out.
But let us see who collapses first. Europe comes to mind. But let them spin as much as they want. It does not matter. It is the reality that matters.
ReplyDeleteWhile ๐จ๐ณ China, concentrating on trade and commerce, is proving herself to be a country of peace and stability, on the other hand the United States is on her way down and down because of her belligerent weird behaviour of continuing to create wars and regime changes in other countries.
For the last 30 years or so, each time the World is in a crisis, it has always been ๐จ๐ณ China that saved the day through her economic prowess and sustainability. This is a feat that is hard to imitate.
Keep it up, ๐จ๐ณ China! Wishing you all the best in your future success.
Queen of Hearts.
Remember, China has yet to fully reopen for business. For the last 20 years China has been collapsing, but is still standing strong and proud. So, just ignore the doomsday brigade spouting profanities day in and day out. The more they stir shit, the more they themselves smell bad.
ReplyDeleteChina has never been involved with wars or instigating wars. Just quietly do her trade and developing her own economy. But the Anglo Saxons have been spreading lies that China is expansionist and aggressive and wanting to invade and conquer the world.
ReplyDeleteAnd the Americans and the West have been conducting non stop wars after wars, and expanding into everywhere, into Russia's front door and now wanting to plant NATO into Asean.
Fortunately the rest of the world are seeing it with their own eyes and know who is the real devil, the expansionist and warmongers. Sad to say, Channel News America and its silly banana journalists and analysts have been spreading the lies of the warmongering American terrorists against China, open mouth close mouth calling China an expansionist power and the BRI a debt trap.
These silly bananas cannot see the truth, and there are many bananas believing in these Anglo Saxon lies while condemning their own tribe and ancestors.
The silly bananas you mentioned are actually not silly. They are actually the most cunning of all humans/inhumans.
ReplyDeleteThey want the best of both worlds - to eat it and also to take it, so to speak - wanting the cake and eat it.
These are people without principles, ethical radar and moral compunction.
They are actually the most unethical of all - yet they will pretend to be above board all the time.
They can tell you how sincere and honest they are. They can prove to you in their courts of law.
If you defame them, they will make sure you pay the price. That's what they really are.
You have to be very careful when dealing with these scumbags.
Just like their American masters, everyday preaching human rights, democracy, rule of law but the greatest violator of human rights, practising selective democracy, breaking all the rules of law and agreements, committing racial discrimination, massacres, genocides, lying, cheating, stealing and killings.
ReplyDeleteThey could not even make Cuba, North Korea, Venezuela, Iran or Russia collapse. And they could make a five thousand year old civilisation just collapse like that, by spouting nonsense, fabricating lies, and shouting and frothing at the mouth? Is that all they have got?
ReplyDeleteChina and Israel aim to sign a free-trade agreement by the end of 2022, an Israeli official said on Wednesday, in a breakthrough that would give Beijing its first deal in the Middle East plus a boost after years of trade friction with Australia and the United States.
ReplyDelete