GLOBALink | China's foreign trade of goods up 10.4 pct in first 7 months
China's foreign trade of goods jumped 10.4 percent year on year to 23.6 trillion yuan (about 3.5 trillion U.S. dollars) during the first seven months of the year, official data showed Sunday.
Exports rose 14.7 percent year on year to 13.37 trillion yuan, while imports increased 5.3 percent from a year ago to 10.23 trillion yuan, according to the General Administration of Customs (GAC).
During the period, China's trade with the Association of Southeast Asian Nations, the European Union and the United States, expanded by 13.2 percent, 8.9 percent and 11.8 percent from a year ago, respectively.
From January to July, China's trade with Belt and Road countries and other members of the Regional Comprehensive Economic Partnership (RCEP) soared by 19.8 percent and 7.5 percent year on year.
In July, trade with RCEP partners reached 1.17 trillion yuan, up 18.8 percent year on year, boosting the overall foreign trade growth by 5.6 percentage points, said Li Kuiwen, spokesperson for the GAC.
Produced by Xinhua Global Service
Related items
-
European Union and Georgia hold Strategic Security Dialogue
The fifth high-level EU–Georgia Strategic Security Dialogue took place on 25 January 2023 in Tbilisi. It reflected the strong level of commitment by both parties to take cooperation forward, including on foreign and security policy, in line with the EU-Georgia Association Agreement.
The parties highlighted the historic importance of the decision of the European Council of 23 June 2022 to recognise the European perspective to Georgia.
The participants discussed the consequences of the conflict between Russia and Georgia in August 2008, including the conflict dynamics in the Georgian regions of Abkhazia and Tskhinvali region/South Ossetia. They called on the Russian Federation to fully implement the EU-mediated 12 August 2008 ceasefire Agreement.
They also highlighted the important role of the EU Monitoring Mission for peace and security in Georgia, and underlined the necessity of ensuring the full implementation of its mandate. The European Union reaffirmed its unwavering support for Georgia’s sovereignty and territorial integrity within its internationally recognised borders.
The meetings of the high-level EU–Georgia Strategic Security Dialogue are held once a year and cover issues of common interest in the field of foreign and security policy.
Find out more
-
GLOBALink | Spring Festival in China's Henan celebrated with traditional folk performances
Traditional folk performances have created a festive atmosphere in central China's Henan as people are celebrating the Spring Festival. #GLOBALink
Produced by Xinhua Global Service
-
EU agrees extra €500 million of military support for Ukraine
The Foreign Council of the European Union reached political agreement for a 7th tranche of military support to Ukraine worth €500 million.
The Council also agreed on an additional assistance measure worth €45 million for the Ukrainian forces being trained by the EU’s military training mission, EUMAM Ukraine. This brings the total military support under the European Peace Facility to €3.6 billion. According to EU High Representative Josep Borrell, the EU’s military, financial, economic and humanitarian support for Ukraine has now reached nearly €50 billion.
Before the Council discussed Russia’s aggression against Ukraine, Ukrainian Foreign Minister Dmytro Kuleba addressed EU foreign ministers via video conference and briefed them on recent developments on the ground and on Ukraine’s current priorities.
Regarding the creation of an accountability mechanism, EU foreign ministers stressed the importance of preserving the crucial role of the International Criminal Court in international criminal justice and expressed broad support for the establishment of the International Prosecutor’s Office in The Hague as a first step.
Regarding the effectiveness of sanctions, Josep Borrell noted that Russian oil (Urals) sells for US $40 a barrel while Brent sells for US$80. “This means that the Russian oil is being sold at a discount of 50%, and it is being bought by mainly India and China,” said Borrell. “So, it is losing US$40 per barrel. It is a big hit on Russia’s financial stability.”
Find out more
-
Ilia Darchiashvili has met with the Deputy Secretary General/Political Director of the European External Action Service
On 24 January 2023, a meeting was held between the Minister of Foreign Affairs of Georgia, Ilia Darchiashvili, and the Deputy Secretary General/Political Director of European External Action Service, Enrique Mora. He visited Tbilisi on 25 January as part of the Georgia-EU high-level strategic dialogue on security issues.
Discussions focused on current issues and priority areas of the Georgia-EU cooperation agenda. The sides highlighted the historic decision of the 2022 European Council to recognize Georgia's European perspective, which formally opened the country's path to EU membership. Special attention was paid to the importance of strengthening the Black Sea connectivity between Georgia and the European Union and the role of Georgia in strengthening the energy security of the European Union.
At the meeting, special attention was paid to the security challenges and the risks, which, taking into account the current geopolitical background, are an acute problem in the region. The European Union once again emphasized its strong support for the territorial integrity of Georgia within the internationally recognized borders and its readiness to continue its active involvement, including the functioning of the monitoring mission, which is the only international mechanism on the ground. The parties also emphasized the importance of continuing joint efforts, which will contribute to the process of Georgia's accession to the European Union and ensure the strengthening of peace and stability in the region. -
GLOBALink | "Rabbit" goes viral worldwide as Year of the Rabbit begins
"Rabbit" goes viral worldwide as people across the world celebrate the Chinese New Year of the Rabbit, the fourth animal in the Chinese Zodiac.
Produced by Xinhua Global Service
Business News

Silk Road Tbilisi Forum 2015 has started
Silk Road Tbilisi 2015 forum started today. Following the success of the inaugural Routes Silk Road...

Agreement between SES and GEE
A new multi-year agreement was signed between worldwide satellite operator SES and Global Eagle Ente...

Visa free regime to impose for 15 February
The visa regime imposed by Georgia to Iran has been cancelled for 15 February,” -the Deputy Ambassad...

USA to allocate 63 million US dollars for Georgia
U.S. Department of State to allocate 63 million US dollars for Georgia. According to the budgetary d...