Hi everyone. I’m Stephanie LI.
Coming up on today’s program
Here’s what you need to know about China in the past 24 hours
China's imports and exports of goods in yuan-denominated terms rose to reach CNY21.79 trillion, driven by the country's strenuous efforts to optimize foreign trade structure and stabilize economic growth.
Foreign trade growth in the second quarter rose significantly by 4.5 percent year-on-year, 3.2 percentage points higher than the figure seen in the first quarter, which marks the 9th quarter in which quarterly foreign trade exceeding CNY10 trillion, according to the data released by the General Administration of Customs (GAC) on Monday.
During the first six months of 2025, China's exports rose 7.2 percent year-on-year to reach CNY13 trillion, while imports fell 2.7 percent to reach CNY8.79 trillion, the data showed.
Currently, certain countries violate international trade norms by imposing unreasonable tariffs, causing severe challenges to global economic development. However, an increasingly diversified foreign trade market, innovative and high-quality products manufactured in China, and the adaptive foreign trade entities give China the confidence and ability to cope with global challenges, Wang Lingjun, deputy director of the GAC, said at press conference on Monday.
In terms of the trading partners, trade with Belt and Road Initiative (BRI) partner countries rose 4.7 percent to reach CNY11.29 trillion, with its proportion in China's total foreign trade rising by 0.9 percentage points to 51.8 percent.
Trade with ASEAN rose up by 9.6 percent to reach CNY3.67 trillion, while trade with the EU, South Korea, and Japan witnessed positive growth respectively.
During the period, China's export growth drivers strengthened and gained new momentum, according to the GAC. In the first half, exports of electro-mechanical products increased by 9.5 percent, taking up 60 percent of the country's total exports.
Meanwhile, as the world's second largest consumer market, with the continuous supportive policies including the equipment upgrade and consumer trade-in programs, China's imports turned to positive growth in the second quarter.
Import growth of petrochemical, textile and other machinery and equipment reached double digits, while key parts such as electronic components grew rapidly, and imports of vital raw materials such as crude oil and metal ore increased in volume.
In the second half of the year, it is expected that exports will likely maintain growth, driven by broader opening-up policies, improved corporate competitiveness, and expanded market diversification. Imports will benefit from domestic demand expansion policies, experts noted.
GBA express
Industry and company news
Asia-Pacific highlights
Editor: LI Yanxia
Host: Stephanie LI
Writer: Stephanie LI
Sound Editor: Stephanie LI
Graphic Designer: ZHENG Wenjing, LIAO Yuanni
Produced by 21st Century Business Herald Dept. of Overseas News.
Presented by SFC
更多内容请下载21财经APP
相关文章：
特斯拉Cyberbeast车型：8月22日提价15000美元08-22
牢记嘱托 感恩奋进 奋力谱写中国式现代化建设河北篇章 | 让更多优质文化资源进入寻常百姓家08-16
以案说法｜空白合同引发的官司07-23
风口财评｜健康科普与商业广告必须划清界限07-22
上海明确开始支持一个行业07-19