Barter is the present and the future of international trade, especially for people who is starting in the import export business. Barter and more: Triangular operations.
Chinese exports continued rising to 190.61 billion U.S. dollars in August, a 7.2 percent increase year-on-year, according to customs figures released on Sunday. The growth rate was 2.1 percentage points higher than July, imports also rose last month, gaining 7 percent to 162.09 billion U.S. dollars, the General Administration of Customs said in a statement.
In August, imports and exports with the European Union, China's largest trade partner, rose 3.2 percent, while that with the United States, China's second-largest trade partner, rose 9.2 percent. Trade with ASEAN (Association of Southeast Asian Nations) members increased 13.3 percent. Trade with Japan shrank 6 percent during the period.
Mei Xinyu, a foreign trade expert at the Ministry of Commerce, said that European and U.S. economies recovered with increasing demand, while Chinese companies were given an extra competitive edge by macro stability at home.
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