China is the world’s first foreign trade
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China has become the world’s first commercial power after announcing annual trade volume for 2013 surpassing the first four billion dollars ($ 4 trillion), Beijing announced. Chinese exports in 2013 jumped 7.9 percent to $ 2210 billion, Imports grew by 7.3 percent to $ 1950 billion, according to figures released by the customs department on Friday, so the trade surplus rose by 12.8 percent in 2013 to $ 260 billion, after a nearly 50 percent jump in the previous year. Overall, the volume of foreign trade increased by 7.6 percent in 2013 (to 416 (Minus US $ 0 billion), below the government target of 8 percent growth. But with this record level, “it is almost certain that for the first time last year China removed the first place in commodity trade” (excluding services) On behalf of the customs Jing Yuxing expressed his satisfaction.
Commentators said in February that the change had occurred since 2012, but Chinese customs have stressed technical differences in calculating the statistics of the two countries, and believes that China did not exceed the competition only last year, even though the US figures for 2013 have not yet been published, but the trade of the force The world’s second largest economy for December revealed a more controversial picture China’s trade surplus shrank sharply last month, falling 17.4 percent over a year to $ 25.64 billion, well below economists’ expectations for Dow Jones Newswires They were expecting 32.2 billion This is because exports in December rose only 4.3 percent over a year, a significant slowdown compared to a 12.7 percent increase over a year in November. Conversely, imports jumped 8.3 percent in December to reach To $ 182.1 billion, much higher than expected, “indicating that domestic demand remains solid,” Lu Ting said. China’s economy recorded a clear return to strength in the third quarter.
The authorities announced an ambitious reform program aimed at rebalancing the country’s growth at the expense of investment in infrastructure and domestic consumption, which could continue with a “more positive” international environment supporting China’s trade in 2014, according to customs authorities.
Last year, the EU confirmed its position as China’s first trade partner, followed by the United States, the Association of Southeast Asian Nations (ASEAN), Hong Kong and Japan, and exchanges to traditional markets represented by the EU, the United States and Japan (which alone account for 33.5 percent of China’s foreign trade) fell by 1.7 percent last year, signaling greater improvement in trade with emerging economies.