1 minute, China’s inbound and outbound goods worth 60 million, foreign trade is growing rapidly

1 minute, China’s inbound and outbound goods worth 60 million, foreign trade is growing rapidly

Do you know how much is the value of goods entering and leaving China every minute? The answer is 60 million RMB. This is the Xinhua reporter learned from the Ministry of Commerce on the 26th data.

Put under the impact of the global epidemic, such data is not easy to come by. According to the Ministry of Commerce, this year, China’s foreign trade out of a bright reversal curve, the total import and export and international market share are record high. China has stabilized the main body of foreign trade, the supply chain of the industrial chain and international market share, and also stabilized the basic plate of foreign investment.

In one minute, China’s inbound and outbound goods worth 60 million, foreign trade is growing rapidly.

The cumulative growth rate of China’s foreign trade from January to September turned from negative to positive for the first time in the year, with a year-on-year increase of 0.7%; the growth rate of foreign trade from January to October increased to 1.1%; the increase continued to expand into November.

The Ministry of Commerce expects that China’s total imports and exports this year is expected to reach about 32 trillion yuan, an increase of 30% over 2015. During the “13th Five-Year Plan” period, China’s status as a major trading country in goods will be more consolidated.

In addition, imports and exports account for a further increase in international market share. 2016 to 2019, China’s trade in goods will grow at an average annual rate of 7.5%, 1.9 percentage points higher than the global.

According to WTO data, it is estimated that China’s international market share will further increase this year and will exceed the historical high of 13.8% in 2015.

Imports and exports also drive consumption and industrial upgrading. Now imported products into thousands of households, cross-border e-commerce comprehensive pilot zones increased to 105, the scale of imports and exports reached the end of the “12th Five-Year Plan” five times, the construction of more than 1,800 overseas warehouses in the region enterprises, become an important node of overseas marketing and foreign trade new infrastructure.

The door of opening up the super large-scale market to the outside world is opening wider and wider. According to the Ministry of Commerce, China’s foreign trade circle of friends has expanded to more than 230 countries and regions. Continuing to maintain its status as the world’s second largest importer, the total level of import tariffs fell by 2.3 percentage points to 7.5%. The import share of consumer goods increased by 2.8 percentage points to 10.6%, with the recovery of the Chinese market driving the turnover of many foreign brands of consumer goods back to pre-epidemic levels.

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