General Administration of Customs: import and export growth of private enterprises against the trend

SMM News: foreign trade data show that China's import and export growth rate in June both "become regular".

Li Kuiwen, spokesman for the General Administration of Customs, said that the import and export of private enterprises increased against the trend and played a more prominent role in the steady growth of foreign trade. In the first half of the year, the import and export of private enterprises, the largest business body in foreign trade, totaled 6.42 trillion yuan, an increase of 4.9 percent. It accounted for 45.1% of China's total foreign trade, an increase of 3.5 percentage points over the same period last year Of this total, exports totaled 4.14 trillion yuan, up 3.2 percent, accounting for 53.7 percent of the total export value, while imports totaled 2.28 trillion yuan, up 8.1 percent, accounting for 34.9 percent of the total import value. In the same period, imports and exports of foreign-invested enterprises totaled 5.55 trillion yuan, accounting for 39 percent. Imports and exports of state-owned enterprises totaled 2.22 trillion yuan, accounting for 15.6 percent.

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