2017年CRI China's trade with countries along B&R grows fast: GAC

 

New data shows China's goods trade remains¹ "sound and steady" in the first three quarters of 2017.

The same set of data suggests the country's trade with countries along the Belt and Road has grown faster than average, contributing a large share to that steady growth.

CRI's Guan Chao has more.

Official data released on Friday shows that China's goods trade volume rose 17-percent to over 20-trillion yuan in the first three quarters of this year.

The General Administration of Customs released a statement, saying that exports increased some 12-percent, while imports surged over 22-percent from January to September.

According to GAC's spokesperson, Huang Songping, trade with traditional markets witnessed a full recovery, while trade with countries along the "Belt and Road" is growing rapidly.

"In the first three quarters, China's trade with the EU, US and Japan grew by 16-percent, 19-percent, and 15-percent respectively, accounting² for nearly 37-percent of the total trade volume. In the same period, China's trade with Russia, Poland, and Kazakhstan each grew by 28-percent, 25-percent, and 41-percent."

Huang added that trade volume for private enterprises also increased, as their combined volume rose nearly 18-percent, compared with the share for the same period of last year.

Speaking of the reason for the sound momentum³, the spokesperson attributed it to the uplifting world recovery and favorable domestic environment as well as the rolling out of the "Belt and Road" Initiative, which brings together more than 60 countries in economic, social and cultural cooperation.

"The Belt and Road initiative helped pushed the trade volume. The on-going implementation⁴ of Belt and Road initiative and international capacity cooperation provides wide space for the continuous growth of China's foreign trade. In the first three quarters, China's trade with countries along the Belt and Road grew by 20-percent, higher than the average level of 3.5-percent, marking an outstanding contribution."

When asked about the changes in China's trade in recent years, Huang highlighted the improved structure and growing domestic impetus⁵ against the backdrop of the sluggish⁶ recovery of world economy since 2013.

In addition, he points out that the Belt and Road also unleashed⁷ new power.

"In 2013, construction along the Belt and Road started from scratch and kept expanding ever since, injecting new vitality⁸ to China's trade development. In 2013 and 2014, China's trade with countries along the Belt and Road remained higher than its average level. Such momentum remained even when China's overall trade level dropped 0.9-percent in 2016."

Meanwhile, Huang acknowledged that some unfavorable factors such as an unstable⁹ world market indeed led to a fall of trade volume in the third quarter compared with the second quarter, but he observed that the trade volume will continue to grow in the final quarter, and may register double-digit growth in the full year.

For CRI, I'm Guan Chao.

1 remains   

n.剩余物，残留物；遗体，遗迹

参考例句：

• He ate the remains of food hungrily.他狼吞虎咽地吃剩余的食物。
• The remains of the meal were fed to the dog.残羹剩饭喂狗了。

2 accounting   

n.会计，会计学，借贷对照表

参考例句：

• A job fell vacant in the accounting department.财会部出现了一个空缺。
• There's an accounting error in this entry.这笔账目里有差错。

3 momentum   

n.动力，冲力，势头；动量

参考例句：

• We exploit the energy and momentum conservation laws in this way.我们就是这样利用能量和动量守恒定律的。
• The law of momentum conservation could supplant Newton's third law.动量守恒定律可以取代牛顿第三定律。

4 implementation   

n.实施，贯彻

参考例句：

• Implementation of the program is now well underway.这一项目的实施现在行情看好。

5 impetus   

n.推动，促进，刺激；推动力

参考例句：

• This is the primary impetus behind the economic recovery.这是促使经济复苏的主要动力。
• Her speech gave an impetus to my ideas.她的讲话激发了我的思绪。

6 sluggish   

adj.懒惰的，迟钝的，无精打采的

参考例句：

• This humid heat makes you feel rather sluggish.这种湿热的天气使人感到懒洋洋的。
• Circulation is much more sluggish in the feet than in the hands.脚部的循环比手部的循环缓慢得多。

7 unleashed   

v.把（感情、力量等）释放出来，发泄( unleash的过去式和过去分词 )

参考例句：

• The government's proposals unleashed a storm of protest in the press. 政府的提案引发了新闻界的抗议浪潮。
• The full force of his rage was unleashed against me. 他把所有的怒气都发泄在我身上。 来自《简明英汉词典》

8 vitality   

n.活力，生命力，效力

参考例句：

• He came back from his holiday bursting with vitality and good health.他度假归来之后，身强体壮，充满活力。
• He is an ambitious young man full of enthusiasm and vitality.他是个充满热情与活力的有远大抱负的青年。

9 unstable   

adj.不稳定的，易变的

参考例句：

• This bookcase is too unstable to hold so many books.这书橱很不结实，装不了这么多书。
• The patient's condition was unstable.那患者的病情不稳定。