July 14, 2020
2. Imports and exports in private sector increased against the overall context, playing a more prominent role in maintaining the stable growth of foreign trade. In the first half of 2020, China’s private businesses, the largest part in China’s foreign trade, registered RMB6.42 trillion in imports and exports, an increase of 4.9%, accounting for 45.1% of the country’s total foreign trade volume, 3.5 percentage points higher year on year. Exports stood at RMB4.14 trillion, up by 3.2%, accounting for 53.7% of China’s total exports. Imports reached RMB2.28 trillion, an increase of 8.1%, taking up 34.9% of the country’s total imports. Foreign-invested enterprises marked RMB5.55 trillion in foreign trade, accounting for 39% of the country’s total foreign trade volume. State-owned enterprises witnessed RMB2.22 trillion in imports and exports, taking up 15.6% of the total foreign trade volume.
General Administration of Customs of the People's Republic of China
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