China's Ministry of Commerce has stated in its Report on China's Foreign Trade Situation (Autumn 2013) that in the first half of 2013 growth in China's foreign trade indicated significant fluctuation due to the complicated global and domestic economic situation.
According to the report, supported by government policy and industry restructuring, China's foreign trade is expected to maintain a steady growth trend. Even though sluggish demand and intense competition may still be seen in the global market, China's foreign trade in 2014 may show an improvement compared to 2013, also given the development of cross-border e-commerce.
As previously reported by SteelOrbis, in the January-September period this year China's total foreign trade value amounted to $3.06 trillion, up 7.7 percent year on year, as announced by the Chinese customs authorities. China's total export value in the given period reached $1.61 trillion, an increase of eight percent, while the total value of its imports amounted to $1.45 trillion, up 7.3 percent, both year on year.
