Welcome To chinapaperonline.com![Login] ,[Register],[Change Passwrod]
Business Center|中文网站
Rolling news:

Policy and Regulations

Policy and Regulations

Ad Center

News

China’s Commodity Trade Rebounds
2020-10-12 10:11chinapaperonline.com
Latest report from China National Statistics Bureau (CNSB) showed the country’s commodity imports and exports grew +6.0% from a year ago to RMB2,883.9 billion in August. This included an +11.6% increase to RMB1,650.2 billion for exports vs. a -0.5% dip to RMB1,233.6 billion for imports. The result allowed a positive trade balance of RMB416.6 billion and also lowered the erosion to -0.6% in the year-to-date total of imports and exports, which amounted to RMB20,048.8 billion. In which, exports edged up +0.8% to RMB11,048.3 billion, while imports fell -2.3% to RMB9,000.5 billion.

The reactivation came under consistent growth in exports of high-tech and electronic products, which increased +5.5% and +2.1% respectively in August from a year ago. Also, exports from private-owned commodity manufacturers reached 45.9% in the total export value, up +3.9 percentage points from 12 months ago, CNSB reports indicated.

CNSB data presented, however, a slow recovery process in the country’s manufacturing industries as a whole. From January to August 2020, earnings of sizable industrial enterprises, with individual annual revenue over RMB20 million, totaled RMB3,716.65 billion, -4.4% from the same period of 2019, with much of the declines from the state-owned enterprise sector, which was off by -17.0% from that of 2019. The country’s paper and converted product industry is one of the few to maintain positive performance, with a +7.2% growth from that of 2019 in earnings in the eight month period to RMB39.68 billion, in spite of a -6.5% dip to RMB784.37 billion in business revenue.



Member Login