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JAPAN remained China’s top trading partner in the first
seven months of this year while the U.S. held on to second
place, customs figures published Saturday by State media show.
Total trade volume between China and Japan rose 8.8
percent year on year to US$53.931 billion in the first seven
months of this year, Xinhua reported, citing General
Administration of Customs data.
Despite a slump in global economic demand, China’s trade
with its top 10 partners continued to increase during January
to July this year.
This strong trade performance has helped to maintain
China’s fast-paced economic growth this year.
China’s exports to Japan grew 3.1 percent year on year to
US$25.73 billion during the seven-month period, outpaced by a
14.5 percent year-on-year rise in imports worth US$28.201
billion.
Sino-U.S. trade grew 13.8 percent year on year to
US$51.031 billion in the same period.
China’s exports to the U.S. rose 21.3 percent year on
year to US$36.299 billion, while imports from the U.S. fell
1.2 percent year on year to US$14.733 billion.
Sino-E.U. trade ranked third, rising 6.6 percent year on
year to US$46.229 billion in the seven-month period.
China’s exports to the E.U. rose 8.5 percent year on year
to US$25.161 billion, while imports from the E.U. rose 4.5
percent year on year to US$21.068 billion, Xinhua said.
The other countries and regions comprising Chinese
mainland’s top 10 trade partners in descending order are Hong
Kong, Association of South East Asian Nations, Taiwan, South
Korea, Russia, Australia and Canada.
Besides the U.S., Canada was the only other trading
partner in the top 10 to record a fall in exports to China
during the first seven months of this year.
Canada’s imports from China slumped 12.4 percent year on
year to US$2.036 billion, compared with a 20.4 percent rise in
exports from China to US$2.316 billion.
(SD-Agencies)
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