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China's foreign trade to see progress in 2015
(MENAFN) China's Ministry of Commerce stated that foreign trade is expected to see positive full-year growth in 2015, in spite of experiencing single-month declines.
Regardless to weaker foreign trade because of lower global demand and rising production costs, the country has continued to enhance its range of products and approach to the global market with new trade routes.
China's exports jumped by 9.8 percent to India, 16.3 percent to Thailand and 12.5 percent to Vietnam in first half, although its foreign trade dropped 7.3 percent y-o-y to USD2.2 trillion.
Private sector's Export capacity rose by 4.6 percent y-o-y to USD564 billion in first half, making 44.7 percent of the country's entire exports, and as the country upgrades its industry, it's gaining strength in mid-and high-end product exports.
Regardless to weaker foreign trade because of lower global demand and rising production costs, the country has continued to enhance its range of products and approach to the global market with new trade routes.
China's exports jumped by 9.8 percent to India, 16.3 percent to Thailand and 12.5 percent to Vietnam in first half, although its foreign trade dropped 7.3 percent y-o-y to USD2.2 trillion.
Private sector's Export capacity rose by 4.6 percent y-o-y to USD564 billion in first half, making 44.7 percent of the country's entire exports, and as the country upgrades its industry, it's gaining strength in mid-and high-end product exports.
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