The General Administration of Customs said that despite the falling figures, China's foreign trade did have some bright spots in 2015. First of all, China remained the country with the biggest trading volume of all the major economies in the world. In 2015, China's exports accounted for 13 percent of the world's total exports, higher than the previous year.
Meanwhile, new business has become a driver for China's foreign trade sector. The government has issued a series of measures to support the development of new industries, like cross-border e-commerce and market procurement. By the end of November, seven cities were included in a cross-border e-commerce pilot program, which transacted goods worth over 15 billion yuan.
In 2015, China's foreign trade was further optimized. The proportion of general and private enterprise trade, and exports of high-end products such as smart phones and medical instruments, all increased last year. Exports to emerging markets in ASEAN, Latin America and Africa also occupied a higher proportion of the total volume. imports focused more on advanced technology, as well as equipment and essential replacement parts. China's imports of high-tech products increased 0.7 percent in 2015 year on year. So high trading volume, more cross-boarder e-commerce and more high-tech imports.
