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China's foreign trade reaches new high in H1

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      China

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      China's foreign trade reaches new high in H1

      2024-07-12 16:22 Last Updated At:18:07

      China's foreign trade reached a new high in the first half (H1) of this year, with the rising trade volume injecting strong momentum into economic recovery, official data showed Friday.

      The volume of goods trade expanded 6.1 percent year on year to 21.17 trillion yuan (about 2.97 trillion U.S. dollars) in the January-June period, according to the General Administration of Customs.

      Exports rose 6.9 percent to 12.13 trillion yuan (about 1.67 trillion U.S. dollars), while imports climbed 5.2 percent, reaching 9.04 trillion yuan (about 1.24 trillion U.S. dollars). Trade surplus expanded 12 percent to 3.09 trillion yuan (about 425.39 billion U.S. dollars).

      The positive trend of foreign trade has been further consolidated, analysts said.

      In the second quarter, imports and exports in total gained 7.4 percent compared to a year earlier, also notably higher than the 4.9 percent increase in the first quarter of this year and 1.7 percent in the fourth quarter of last year, registering a historical high of over 21 trillion yuan (about 2.89 trillion U.S. dollars) during the same period, said officials.

      In the first half of this year, imports and exports of the country's general trade saw an increase of 5.2 percent to 13.76 trillion yuan, accounting for 65 percent of the total foreign trade. 

      During the same period, the imports and exports of processing trade reached 3.66 trillion yuan, rising 2.1 percent and making up 17.3 percent of the total. In addition, China's imports and exports by bonded logistics was 2.96 trillion yuan, an increase of 16.6 percent.

      The Association of Southeast Asian Nations, or ASEAN, remains China's largest trading partner, with the bilateral trade increasing 10.5 percent year on year, followed by the European Union, the United States and South Korea.

      China's trade with Belt and Road Initiative countries reached just over 10 trillion yuan, a 7.2 percent increase year on year.

      Foreign trade by private enterprises registered 11.64 trillion yuan, climbing 11.2 percent year on year and accounting for 55 percent of China's total foreign trade value, 2.5 percent higher than the proportion reported in the same period one year earlier.

      As for exports, China's mechanical and electrical products accounted for nearly 60 percent of the total, of which automatic data processing equipment and its parts, integrated circuits and automobiles all experienced a double-digit growth.

      Imports of major commodities such as iron ore, coal and natural gas increased as well.

      China's foreign trade reaches new high in H1

      China's foreign trade reaches new high in H1

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      Promotional video for CMG Spring Festival Gala screened in various countries

      2025-01-22 16:50 Last Updated At:17:07

      A global wave of festive celebrations is unfolding as the Chinese Lunar New Year approaches, with the 2025 Spring Festival Gala promotional video by China Media Group (CMG) serving as a cultural bridge, connecting people from diverse backgrounds to the richness of Chinese traditions.

      The Spring Festival falls on Jan 29 this year, ushering in the Year of the Snake, according to the Chinese lunar calendar.

      At the new compound of the Mission of China to the AU in Addis Ababa, the capital of Ethiopia, a gala was held on Monday to celebrate the upcoming Chinese Lunar New Year, or Spring Festival.

      Featured Chinese foods and traditional performances from both China and Africa, among others, the event has brought together over 300 participants including the representatives of the AU and the Chinese community in Addis Ababa.

      Monique Nsanzabaganwa, deputy chairperson for the African Union Commission, said AU-China cooperation has achieved gratifying and fruitful results during the previous years, noting China's 35-year-long tradition of dispatching its foreign minister to Africa on their first overseas trips at the start of a year.

      The AU is willing to work with China to make greater contribution to the development and prosperity of the Global South, she said.

      "I wish Africa-China relations will achieve greater progress in 2025 and building an all weather Africa-China community with a shared future for the new era will yield fruitful results," Nsanzabaganwa said.

      The promotional video for the 2025 Spring Festival Gala was also aired at the event, marking a step forward in cultural exchange while igniting interest in Chinese traditions among attendees.

      Meanwhile, cinemas in landmark locations across Johannesburg, Cape Town, and Durban in South Africa conducted a synchronized screening of the promotional video for the Spring Festival Gala, marking a first for the collaborative initiative.

      A South Korean expatriate residing in South Africa expressed that seeing the promotional video of the gala, which represents elements of the Chinese Lunar New Year, in South African cinemas evoked a warm sense of longing for family reunions within her.

      "As a foreigner, I was very impressed by the Chinese Spring Festival Gala last year, I was so happy to see the beautiful performances in South Africa's shopping mall at Nu Metro (Cinema). I'm very looking forward to see the live performance with my husband and baby at this Chinese New Year," she said.

      In addition, the Chinese Embassy in Zambia on Sunday held the 2025 Zambia-Chinese Spring Festival Temple Fair with a display of Chinese culture in celebration of the upcoming Spring Festival.

      Featuring various Chinese cultures, including a kung fu performance, the celebration attracted scores of both Chinese people and local people, officials from the Chinese embassy and the Zambian government, and representatives of Chinese enterprises operating in Zambia.

      Chinese food was also on display, while Chinese companies took advantage of the ceremony to showcase their products and services.

      During the event, the promotional video for the gala made a stunning appearance, becoming the focal point of the gathering.

      In December last year, the United Nations Educational, Scientific and Cultural Organization inscribed "Spring Festival, social practices of the Chinese people in celebration of the traditional new year" on the Representative List of the Intangible Cultural Heritage of Humanity.

      Promotional video for CMG Spring Festival Gala screened in various countries

      Promotional video for CMG Spring Festival Gala screened in various countries

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