China's foreign trade with other BRICS countries-Brazil, Russia, India and South Africa-soared 19.1 percent year-on-year to 2.38 trillion yuan ($326.85 billion) in the first seven months of 2023, data from the General Administration of Customs showed.
China's foreign trade will maintain steady growth in 2023, thanks to the improved trade structure and the country's proactive measures to tackle challenges such as geopolitical tensions and fluctuations in external demand, experts said.
China will step up efforts to stabilize foreign trade performance while improving the trade structure through a raft of policy measures, government officials said at a news conference on Sunday.
Xinjiang's trade with countries along the Belt and Road totaled 61.88 billion yuan, up 77.4 percent year on year, and its trade with other RCEP members came in at 2.83 billion yuan, up 16.6 percent.
China supports all enterprises to enjoy various types of tax preferential policies and tax reduction and tax refund for foreign trade companies last year reached 285 billion yuan(around $41.35 billion), said Yu Jianhua, director-general of China's General Administration of Customs, on Monday.