China's Goods Imports and Exports Expand Over First Ten Months

People's Daily cited General Administration of Customs data showing that China's foreign goods trade maintained a steady and positive momentum over the first 10 months, recording an increase of 20% across total import and export values. Within that performance, exports expanded by 17.6% and imports grew by 23.6%. The structure of foreign trade continued to optimize as both general trade and processing trade recorded expansions. Over the first 10 months, general trade grew by 13.2%, processing trade increased by 28.4%, and bonded logistics expanded by 44.1%. A diversified market layout showed positive results, with total trade with ASEAN increasing by 24.2%, trade with the European Union rising by 8.5%, and trade with the United States climbing by 6.3%. Across the same period, total trade with countries jointly building the Belt and Road increased by 18.5%. Vitality among market business entities strengthened during the first 10 months. Foreign trade by private enterprises increased by 20.1%, while import and export activity conducted by foreign-invested enterprises recorded growth of 20.4%.