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New demand may boost future exports

New demand may boost future exports

China's exports are expected to become more resilient as demand from emerging markets such as the Association of Southeast Asian Nations and India expands rapidly, experts said on Monday after reviewing official data that Customs released on Sunday.

Data showed exports to emerging markets in the first seven months of the year grew strongly though the global economy is cooling.

"The fast growth in exports to emerging markets reflects the improving economic and trade ties between China and those economies, and the momentum is expected to continue," said Bai Ming, deputy director of the international market research department at the Chinese Academy of International Trade and Economic Cooperation in Beijing.

"Thanks to that, China's exports are expected to remain resilient, despite the economic recession facing the developed economies and the protectionist approach to trade adopted by the United States and some European countries."

According to the General Administration of Customs, China's exports to ASEAN, its largest trading partner, surged 19 percent from a year ago to 2.05 trillion yuan ($300 billion) during the first seven months of the year.

The value of exports to economies participating in the Belt and Road Initiative also gained nearly 20 percent year-on-year, to hit 4.27 trillion yuan.