SCIO briefing on China's import and export in the first three quarters of 2023

China.org.cn | October 24, 2023

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United Daily News:

Data from the first eight months of this year shows a continuous decline in imports and exports between the Chinese mainland and Taiwan. At the same time, the mainland has initiated a trade barrier investigation into Taiwan's trade-restrictive measures. How does the GAC plan to promote the normalization of economic and trade relations across the Taiwan Strait to ensure mutual benefits? Thank you.

Lyu Daliang:

Thank you for your question. First, let me provide some context on cross-Strait trade. In the first three quarters of this year, the total trade value between the Chinese mainland and Taiwan was 1.36 trillion yuan, representing a 14.6% decrease compared to the same period last year. Specifically, mainland exports to Taiwan stood at 351.8 billion yuan, a drop of 15% year on year, while mainland imports from Taiwan totaled 1.01 trillion yuan, marking a decline of 14.5%.

This year, the GAC has implemented innovative measures within its purview to facilitate trade and enhance the business environment at ports. As I noted earlier, these initiatives have yielded positive outcomes. We will continue to closely monitor trade trends and the execution of pertinent policies. We will strengthen our policy measures to stabilize foreign trade and introduce additional policies as necessary to ensure its steady development. Thank you.

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