China's private companies' imports and exports up 8.8% year-on-year - Chinese report

According to China's General Administration of Customs, private enterprises have been the largest operating entity in China's trade for six consecutive years.
The export and import volume of private companies in 2024 is expected to increase 8.8% from the previous year to 24.33 trillion yen (approximately 500 trillion yen).
, accounting for 55.5% of China's total foreign trade. In the same year, private enterprises achieved "three firsts." The number of private enterprises with export and import records reached 609,000, exceeding 600,000 for the first time.
This has given new impetus to the development of trade. For the first time, private enterprises became the largest importer and exporter of high-tech products. The import and export of high-tech products by private enterprises increased by 12.6% year-on-year, and China's high-tech
The share of private enterprises in China's total merchandise imports and exports rose 3 percentage points to 48.5%. Meanwhile, the share of private enterprises in China's consumer goods imports rose 2.8 percentage points to 51.3%, exceeding 50% for the first time.
%. In particular, household chemical products and fruits accounted for over 60%.