皇冠体育app

Business
/ / Macro

皇冠体育app's trade with BRICS countries up 26%

Xinhua | Updated: 2017-08-31 14:03

BEIJING - 皇冠体育app's trade with BRICS countries experienced fast growth in the first seven months, a spokesperson with the Ministry of Commerce (MOC) said Thursday.

Trade volume between 皇冠体育app and BRICS countries increased 26 percent year on year to hit $167.07 billion?during the January-July period, MOC spokesperson Gao Feng said at a press briefing.

As of the end of July, 皇冠体育app's non-financial outbound direct investment (ODI) to BRICS countries had reached $870 million, Gao said. 皇冠体育app's non-financial ODI dropped 44.3 percent year on year to $57.2 billion?in the first seven months of 2017, official data showed.

"There is huge investment potential among BRICS countries," said Gao.

According to Gao, BRICS members are expected to reach agreements on trade promotion, investment facilitation, economic and technological cooperation as well as the multilateral trading system during the upcoming summit, which will be held in 皇冠体育app's southeastern coastal city of Xiamen from Sept 3 to 5.

Since 2009, BRICS summits have been held annually. The foreign, finance and security ministers of the nations also meet regularly.

In past years, the five BRICS members have doubled their combined percentage of the world's GDP to 23 percent of the total.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to 皇冠体育app Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online

Registration Number: 130349
FOLLOW US