China foreign trade value up 24pc in first eight months

TOTAL foreign trade value of China increased 24 per cent to US$1.3 trillion in the first eight months of this year, according to statistics from China's General Administration of Customs.

Exports rose 27.7 per cent to $765.7 billion while imports grew 19.6 per cent to $603.9, statistics revealed.

The six major trading partners of China in the first eight months were the EU, US, Japan, Asean, Hong Kong and South Korea.

Guangdong, Jiangsu and Shanghai were the top three territories in terms of foreign trade value in the first eight months, and their combined value accounted for 58.2 per cent of the total from the whole country.

Shanghai foreign trade value was $179.06 billion, representing 13.1 per cent of the total.