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China-US Trade Value in First Five Months RMB1.61T, YoY -6.6%
China's General Administration of Customs announced that by trading partner, in the first five months China-ASEAN trade totaled RMB3.52 trillion, up 16.6%. China-EU trade totaled R...
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China-US Trade Value in First Five Months RMB1.61T, YoY -6.6%
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China's General Administration of Customs announced that by trading partner, in the first five months China-ASEAN trade totaled RMB3.52 trillion, up 16.6%. China-EU trade totaled RMB2.53 trillion, up 10.3%. China-US trade totaled RMB1.61 trillion, down 6.6%. During the same period, China's total imports and exports with countries participating in the Belt and Road Initiative reached RMB10.57 trillion, up 13.6%.

By type of foreign trade entities, in the first five months private enterprises recorded imports and exports of RMB11.81 trillion, up 15.5%. Foreign-invested enterprises recorded RMB6.02 trillion, up 15.7%. State-owned enterprises recorded RMB2.81 trillion, up 14%.

Related NewsPPI YoY for May in China is 3.9%, higher than the previous value of 2.8%. The forecast was 3.9%.
By major commodities, on the export side, in the first five months China exported mechanical and electrical products worth RMB7.58 trillion, up 18.4%. Labor-intensive products totaled RMB1.61 trillion, down 3.1%. Agricultural products amounted to RMB300.79 billion, up 1.6%. On the import side, China imported mechanical and electrical products worth RMB3.54 trillion, up 25.3%. Crude oil imports reached 218 million tonnes, down 4.8%. Agricultural product imports totaled RMB618.16 billion, up 7.6%. (jl/da)

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