Private companies' equipment renewal fuels innovation, exports

China's private companies have ramped up equipment import and renewal, fueling high-tech product exports. In the first three quarters, their imports of production equipment increased 31%, while high-tech product exports rose 14%, said Wang Lingjun, vice minister of the General Administration of Customs of China, at a press conference Monday.

October 15, 2024

China's trade with BRI countries reaches 15.21 trillion yuan in Q1-Q3

In the first three quarters of this year, China's import and export with countries participating in the Belt and Road Initiative (BRI) reached 15.21 trillion yuan (US$2.14 trillion), an increase of 6.3% year on year, Lyu Daliang, spokesperson of the General Administration of Customs of China, said at a press conference Monday.

October 15, 2024

Customs official: Additional tariffs on China's tech-intensive 'green trio' unfair

Some countries have imposed additional tariffs on China's three major tech-intensive products known as "green trio," and this is unfair, non-compliant and unreasonable trade protectionism, a Chinese customs official said on Monday.

October 15, 2024

China's foreign trade maintains stable growth, structure continues to improve

China's total goods imports and exports expanded 5.3 percent year on year in yuan terms in the first three quarters of this year, maintaining stable growth, official data showed Monday.

October 14, 2024