China confident of promoting steady growth in foreign trade: Govt
While multiple international organisations have noted that tariff barriers have substantially increased global trade costs and seriously affected the efficiency and stability of global industrial and supply chains, posing downward risks to global trade, China will work with more trading partners to jointly cope with the challenges and share development opportunities, ministry spokesperson He Yongqian told a recent press conference.
China is confident of promoting steady growth in foreign trade despite global economic and trade uncertainties, its Commerce Ministry said.
While it has been noted that tariff barriers have substantially raised trade costs and seriously hit the efficiency and stability of global industrial and supply chains, China will work with more trading partners to jointly cope with the challenges, it said.
China will steadfastly manage its own affairs, addressing various uncertainties, the spokesperson was cited as saying by a state-controlled news agency.
China’s trade in goods totalled 25.7 trillion yuan (~$3.6 trillion) in the first seven months this year—up by 3.5 per cent year on year, with the growth pace accelerating by 0.6 percentage points from the first half of the year, data from the country’s general administration of customs show.
Fibre2Fashion News Desk (DS)
