/ world today news/ In the first quarter of this year, China’s trade with foreign countries increased by 4.8% on an annual basis and maintains a good development trend, it was announced today at a press conference of the State Customs.
Data show that in the first three months, the country’s imports and exports were worth 9.89 trillion yuan, among which exports accounted for 5.65 trillion yuan (8.4% year-on-year growth) and imports 4. 24 trillion yuan (0.2% year-on-year growth).
Between January and March, China’s foreign trade with countries under the Belt and Road Initiative reached 3.43 trillion yuan, up 16.8% year-on-year. Imports and exports with the other 14 countries of the Regional Comprehensive Economic Partnership amounted to 3.08 trillion yuan, or a 7.3% increase compared with the same period last year.
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