Xinhua
18 May 2020, 14:00 GMT+10
BEIJING, May 18 (Xinhua) -- China will further bolster trade and investments with countries along the Belt and Road, among other efforts to facilitate foreign trade against pandemic challenges, officials said Monday.
The country will explore emerging markets while maintaining ties with traditional ones amid virus-hit global demand, Commerce Minister Zhong Shan told a press conference, citing increasing trade volume with countries along the Belt and Road.
Official data showed China's trade of goods with Belt and Road countries rose 0.9 percent year on year in the first four months when total foreign trade contracted 4.9 percent, while non-financial outbound direct investment (ODI) to the countries climbed 13.4 percent in U.S. dollar terms in the same period.
China will work with countries along the Belt and Road to help tackle difficulties for overseas companies and projects, establish more free-trade zones, and include more countries in investment cooperation, said Vice Minister of Commerce Wang Bingnan.
Total trade of goods between China and Belt and Road countries had topped 7.8 trillion U.S. dollars from 2013 to 2019, with non-financial ODI over 110 billion U.S. dollars, data from the Ministry of Commerce (MOC) showed.
Meanwhile, the country will actively expand imports, especially with the help of the 3rd China International Import Expo scheduled from Nov. 5 to 10, said Zhong.
The MOC also said Monday that measures to cushion trade firms from pandemic shocks are filtering through, as domestic sales volume of export firms grew 17 percent in April and 110,000 companies have received services from the China Export & Credit Insurance Corporation.
Get a daily dose of China National News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to China National News.
More InformationNEW YORK CITY, New York: A routine banking transaction at Citigroup last April turned into a major blunder when the bank mistakenly...
NEW YORK, New York - U.S. and Canadian stocks sank Monday, weighed down by President Donald Trump's looming trade tariffs. The introduction...
NEW YORK, New York - U.S. and Canadian stocks tumbled on Monday, the first trading day of March, with investors spooked by looming...
CAPE CANAVERAL, Florida: A new private lunar mission is on its way to the moon, as Intuitive Machines launched its second lander, Athena,...
LONDON, U.K.: The UK government has tentatively approved the expansion of Gatwick Airport, paving the way for a second runway, drawing...
ROME, Italy: U.S. authorities have accused North Korean-backed hackers of stealing US$1.5 billion in cryptocurrency from Dubai-based...
SEOUL, South Korea: For the first time in nine years, South Korea recorded a rise in births, offering a rare positive sign in the country's...
ROME, Italy: U.S. authorities have accused North Korean-backed hackers of stealing US$1.5 billion in cryptocurrency from Dubai-based...
BLUE MOUNTAINS, NSW, Australia - The New South Wales Police Force is appealing for public assistance in their ongoing investigation...
ANSEONG, South Korea: A tragic accident at a highway construction site in Anseong, South Korea, claimed the lives of at least four...
HONG KONG: Hong Kong is set to cut 10,000 civil service jobs and freeze public sector salaries as part of a cost-cutting initiative...
TAIPEI, Taiwan: Taiwanese authorities are probing a Chinese-crewed cargo ship suspected of damaging an undersea communications cable...