Trade between China, other RCEP members up 7.9 pct in first 11 months
Source: Xinhua | 2022-12-30 | Editor:Lexi
Trade between China and the other members of the Regional Comprehensive Economic Partnership (RCEP) has sustained rapid growth since the trade agreement took effect at the beginning of this year, according to the Ministry of Commerce (MOC).
China's trade with the other RCEP members expanded 7.9 percent year on year to 11.8 trillion yuan (about 1.69 trillion U.S. dollars) in the first 11 months of 2022, accounting for 30.7 percent of China's total foreign trade value, data from MOC shows.
During the period, the country's exports to other RCEP members increased 17.7 percent from a year earlier to 6 trillion yuan, MOC spokesperson Shu Jueting told a media conference.
More efforts will be made to promote the high-quality implementation of the RCEP and other free trade agreements, make full use of such agreements, and improve their comprehensive utilization efficiency, Shu said.
The ministry will also conclude free trade agreements with more trading partners, further open China's trade in goods, services and investment markets, and take an active part in negotiations on new rules for the digital economy and environmental protection, Shu said.
You May Like
-
China's critical role in boosting global growth in 2023
Now, China is reopening, and its growth trajectory is returning to normal.
InKunming 2022-12-26 -
China-Laos Railway opens up new path for Laos' development, ...
Siphandone said. VIENTIANE, Dec. 26 (Xinhua) -- Since its operation in December 2021
InKunming 2022-12-26 -
Work at full steam to boost medicine supply for epidemic con...
To ensure ample supply of anti-epidemic medicine, all-out measures are now in place to ramp up medicine production and facilitate distribution.
InKunming 2022-12-23 -
Opinion: China's constant optimization of COVID-19 strategie...
For three years, China has kept the lowest infection and fatality rates among all major countries. The increase in life expectancy during the pandemic also spea...
InKunming 2022-12-23 -
Resilient China injects certainty into global economic recov...
The Chinese economy demonstrated remarkable resilience in a tough year, bringing much-needed certainty and vitality to a world facing unprecedented challenges...
InKunming 2022-12-23 -
Investment fair displays global confidence in China's econom...
As China recalibrates its COVID-19 approach, local governments are arranging investment fairs and exhibitions to attract foreign investment while boosting confi...
InKunming 2022-12-23 -
U.S. economist says Chinese economy expected to deliver soli...
Looking ahead to 2023, "the Chinese economy will be strong," and "will be a bright spot in the world," providing "a node of support in terms of global demand," ...
InKunming 2022-12-23 -
Testing booths turned into fever clinics as China battles CO...
Nucleic acid testing booths are being converted into consultation rooms for fever patients in Shenzhen, Guangdong Province. These changes are among the latest...
InKunming 2022-12-22 -
China's central bank pledges precise, solid implementation o...
The People's Bank of China (PBOC), the central bank, on Wednesday pledged to implement the prudent monetary policy in a precise and solid manner.
InKunming 2022-12-22 -
China Focus: China promotes booster shots with variety of va...
At a vaccination site in Beijing's Chaoyang District, medics are busy preparing inhalable COVID-19 vaccine doses for individuals, who are provided with the opti...
InKunming 2022-12-22
