China’s booming new Silk Road trade hits $1.34 TRILLION
China’s booming new Silk Road trade hits .34 TRILLION
China’s trade with countries participating in its ambitious Belt and Road Initiative (BRI) has been expanding and totaled 9.27 trillion yuan ($1.34 trillion) in 2019, customs data shows.
It has outpaced the country’s aggregate trade growth by 7.4 percentage points, according to the data.
More than $60 billion in investments have been promised under the China-Pakistan Economic Corridor (CPEC), said Zou Zhiwu, vice minister of the General Administration of Customs.
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