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BEIJING (MNI) - China's December trade performance rose to a record, with
both imports and exports rose to the most ever, helped by easing trade tensions
with the U.S. and higher commodity prices, Zou Zhiwu, a spokesman of the General
Administration of Customs, told reporters on Tuesday.
Here are the main takeaways from Zou's comments on China's 2019 trade
- Exports of toys, plastic products and furniture in December rose 26.1%,
22.7% and 14.2% y/y respectively. Imports such as soybeans and meat from the
U.S. also jumped sharply.
- China is likely to stay as the biggest trading nation in 2019. While
total trade in dollar terms fell slightly, exports still rose 0.5%, Zou said.
- Private-sector businesses overtook foreign trade companies as the biggest
trading player, accounting for over half of total exports.
- China's trade is likely to steadily grow in 2020 as the government
further implements pro-growth policies including tax and fee reductions.
- U.S. Treasury's removal of China's designation as a currency manipulator
is "the right choice with positive implications," Zou said.
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