Reference Message Network reported on April 15 that according to TASS's report on April 14, the data released by the General Administration of Customs of China showed that in the first three months of this year, China's import and export volume with its two major trading partners, ASEAN and the EU, increased by 6% and 0.2%, respectively.
According to the data from the General Administration of Customs of China, in the first quarter, China's import and export volume with ASEAN was about 237.83 billion US dollars, and with the EU was about 180.52 billion US dollars.
During this period, the EU's exports to China amounted to 58.43 billion US dollars (down 6.3% year-on-year), and imports from China were 122.09 billion US dollars (up 3.7% year-on-year). ASEAN's exports to China grew by 2.8% (91.68 billion US dollars), and imports grew by 8.1% (146.15 billion US dollars).
China's main trading partner in the EU is still Germany (accounting for approximately 25.7% of China's import and export with the EU), and Vietnam in ASEAN (accounting for approximately 26.8% of China's import and export with ASEAN).
In addition, Reuters reported on April 14 that due to factories shipping goods ahead of the latest tariff measures implemented by the U.S., China's exports surged significantly in March.
Measured in US dollars, China's exports in March grew by 12.4%, easily surpassing the economists' forecast of 4.4% in a previous Reuters survey. In the first two months of this year, China's exports grew by 2.3%.
After Trump announced comprehensive tariffs on multiple countries on April 2, trade uncertainty shook financial markets. A few days later, Trump surprisingly suspended higher tariffs on some economies but imposed harsh tariffs on China.
The Beijing authorities vowed to see the tariff war with the United States through to the end and protect the domestic economy against the impact of "external shocks." The market generally expects that Chinese authorities will introduce further fiscal and monetary measures in the coming months to support economic growth. (Compiled/translated by Liran and Yang Xinpeng)
Statistics from Nanning Railway Group Co., Ltd. of China Railway show that by February 20, the cumulative number of containers sent by starting trains from Guangxi to Vietnam this year has reached 4,388, an increase of 753.7% year-on-year. This is the bustling scene at the Nanning International Railway Port. (Drone photo taken on February 21, provided by Xinhua News Agency)
Original article: https://www.toutiao.com/article/7493408087668261430/
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