On October 13, the State Council Information Office held a press conference. Li Kuiwen, spokesperson of the General Administration of Customs and Director of the Statistics and Analysis Department, introduced at the conference that in the first three quarters, China’s total import and export value of goods trade was 23.12 trillion yuan, compared with 2019. An increase of 0.7% over the same period of the year.
Foreign trade imports and exports stabilized quarter by quarter, and the cumulative growth rate turned negative to positive.
In the first and second quarters of 2020, China's import and export growth rates were -6.5% and -0.2%, respectively. In the third quarter, China's imports and exports were 8.88 trillion yuan, a year-on-year increase of 7.5%.
The total value of imports and exports, total exports, and total imports in the third quarter all hit a quarterly record high.
In the first eight months, cumulative exports achieved positive growth, and cumulative imports and exports achieved positive growth in the first three quarters.
Cheng Yu reports from Beijing
Editor in charge: [Sun Jingbo]