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News> Business> Content
Saturday, October 27, 2018, 18:49
China sees strong trade growth with B&R countries
By Xinhua
Saturday, October 27, 2018, 18:49 By Xinhua

This Oct 1, 2016 photo shows a container terminal in Lianyungang, east China's Jiangsu province. Data showed that China's trade with countries along the Belt and Road routes surpassed about US$863 billion in the first nine months of 2018. (WANG CHUN / XINHUA)

China's trade with countries along the Belt and Road (B&R) routes surpassed 6 trillion yuan (about US$863 billion) in the first nine months of this year, data from the Ministry of Commerce (MOFCOM) show.

China's total trade with B&R countries over the past five years has exceeded US$5 trillion, with an annual average growth rate of 1.1%

The figure represents a year-on-year growth rate of over 13 percent, outstripping the country's overall trade growth within the period by 3.3 percentage points, according to the ministry.

READ MORE: B&R the 'key to China's further opening-up’

China's imports from B&R countries surged by 20.9 percent year on year to 2.7 trillion yuan in the first three quarters, while exports to those nations rose 7.7 percent to 3.38 trillion yuan.

Investment also posted strong growth in the period. Chinese enterprises saw their non-financial direct investment in those countries jump by 12.3 percent to US$10.7 billion.

ALSO READ: B&R nations eye production capacity cooperation with China

Under the initiative, China has set up 82 overseas economic and trade cooperation zones that have offered the host countries tax revenue of over US$2 billion and 244,000 jobs collectively, MOFCOM data shows.

China's total trade with B&R countries over the past five years has exceeded US$5 trillion, with an annual average growth rate of 1.1 percent.

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