7.8% Increase in China’s Foreign Trade During “November”

SCBC Team – Riyadh

The General Customs of China said that the volume of China’s foreign trade increased by (7.8%) on an annual basis last November, reaching (29.04) trillion yuan about ($4.44) trillion during the first 11 months of 2020.

The “Chinese Customs” indicated that the country’s exports jumped (14.9%) on an annual basis, while imports decreased by (0.8%) in terms of value in yuan.

With regard to the arrangement of China’s international partners since the beginning of 2020 AD, the Association of Southeast Asian Nations remained the largest trading partner of Beijing, followed by the European Union, and then the United States.

Private companies achieved a strong boost to Chinese trade growth, after their foreign trade activities expanded by (11.3%) until last November, to constitute (46.4%) of China’s total foreign trade.