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China's Foreign Trade Growth Slows Down
China's foreign trade continued to grow in the first three quarters, but at a slower pace, according to Li Xiaochao, spokesman for the National Bureau of Statistics.
Li said at a press conference Tuesday morning that the country's total export and import volume reached 376.4 billion U.S. dollars in the first three quarters, up 9 percent from the same period last year. Of which export was 195 billion U.S. dollars, up
7 percent; import was 181.4 billion U.S. dollars, up 11.2 percent.
China's trade surplus was 13.6 billion U.S. dollars, down 5.6 billion U.S. dollars from the same period last year. The growth of foreign direct investment was recovering, with an actual such investment of 32.2 billion U.S. dollars in the first three quarters, up 20.7 percent, he said.
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