China’s foreign trade value in terms of Yuan finally turned positive on-year by the end of September, recording a gain for the first time this year, the country’s General Administration of Customs (GACC) shared at a press conference on October 13, highlighting that during the third quarter, the country’s total trade value, and the values of imports and exports, were all at respective record highs.
Over January-September, the total value of China’s two-way trade grew 0.7% on year to a total of Yuan 23.1 trillion ($3.4 trillion), among which exports were worth approximately Yuan 12.7 trillion, or up 1.8% on year, while imports totalled Yuan 10.4 trillion, still down 0.6% on year.
Source: MySteel Global
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