China Customs: There is still big room for import growth this year
An official at China Customs said on Monday that “there is still big room for China's import growth this year.”
Additional headlines
China's 2024 imports value at CNY18.39 trillion.
China’s 2024 Yuan-denominated imports +2.3% YoY.
China’s 2024 Yuan-denominated exports +7.1% YoY.
China’s 2024 trade balance $992.16 billion.
China's imports were impacted by global commodities price changes in the second half of 2024.
Some countries' 'politicization of economic and trade issues' and 'abuse of export controls' also impacted China's imports last year.
We will roll out more targeted measures at proper time to stabilise trade.
China's trade surplus out of GDP is at a reasonable level.
No matter how the external environment changes, China will firmly push forward opening up.
China firmly opposes trade protectionism.
Despite rising uncertainties and challenges in external environment, we are sure China's exports will show resilience and vitality in 2025.
The so-called china's overcapacity does not exist, not matter looking it from china's comparative advantages or global market demand.
The repetitive hype-up of China's overcapacity in fact is cracking down on china's development.
China has always followed WTO rules.
The innovation and upgrades of China's steel industry mainly satisfy domestic steel market.
Some countries' trade protectionism on China's steel hurt global trade rules and pushed up downstream production costs.
They are not conducive to global supply chain stabilisation, and not helpful to resolve their own problems.
Australian Dollar PRICE Today
The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the Canadian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.02% | 0.18% | -0.17% | 0.01% | -0.22% | -0.17% | -0.03% | |
| EUR | -0.02% | 0.14% | -0.13% | 0.05% | -0.10% | -0.14% | 0.03% | |
| GBP | -0.18% | -0.14% | -0.25% | -0.09% | -0.25% | -0.28% | -0.11% | |
| JPY | 0.17% | 0.13% | 0.25% | 0.15% | -0.15% | -0.17% | 0.12% | |
| CAD | -0.01% | -0.05% | 0.09% | -0.15% | -0.27% | -0.19% | 0.04% | |
| AUD | 0.22% | 0.10% | 0.25% | 0.15% | 0.27% | -0.06% | 0.14% | |
| NZD | 0.17% | 0.14% | 0.28% | 0.17% | 0.19% | 0.06% | 0.17% | |
| CHF | 0.03% | -0.03% | 0.11% | -0.12% | -0.04% | -0.14% | -0.17% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
