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CN Private Co. Exports Grow 20% in 4M23, While Foreign-invested Co. Exports Drop 6.9%
According to statistics released by the General Administration of Customs (GAC), in the first four months of this year, the import and export of private enterprises amounted to RMB...
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CN Private Co. Exports Grow 20% in 4M23, While Foreign-invested Co. Exports Drop 6.9%
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According to statistics released by the General Administration of Customs (GAC), in the first four months of this year, the import and export of private enterprises amounted to RMB7.05 trillion, rising 15.8%. It accounted for 52.9% of the total foreign trade value of the Mainland, an YoY increase of 4.6 percentage points.

Among them, exports are at RMB4.86 trillion, growing 20.2%, accounting for 63.3% of the total exports, while imports are at RMB2.19 trillion, climbing 7.1%, accounting for 38.8% of the total imports.

During the period, amount of imported and exported by SOEs reached RMB2.18 trillion, ramping up by 5.7% and accounted for 16.4% of the total foreign trade value of the Mainland. Among them, exports lifted by 13.6% to RMB605.24 billion and imports increased by 3% to RMB1.57 trillion.

In addition, in the first four months of April, exports and imports of foreign-invested enterprises amounted to RMB4.06 trillion, down 8.2%, accounting for 30.5% of the total foreign trade value of the Mainland. Among them, exports are at RMB2.2 trillion, down 6.9%, while imports reached RMB1.86 trillion, declining by 9.8%.
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