Daily Times

China’s foreign trade of agricultural products registered stable growth in the first two months of this year, official data shows.

During the period, the country’s total imports and exports of farm produce stood at 54.16 billion U.S. dollars, rising 9 percent year on year, according to the Ministry of Agriculture and Rural Affairs.

In breakdown, China’s agricultural imports climbed 11.6 percent year on year to 39.62 billion dollars in the January-February period.

The country’s exports of farm produce went up 2.3 percent from the same period of 2022 to 14.55 billion dollars during the same period.

Meanwhile, the balance of loans in Shanghai, including all currencies, stood at 10.66 trillion yuan (about 1.55 trillion US dollars) at the end of February, up 7.7 percent year on year, official data shows. The balance of loans in Chinese yuan in Shanghai reached 10 trillion yuan at the end of February, up 9.7 percent from a year earlier, according to the People’s Bank of China Shanghai Head Office. The balance of foreign currency loans stood at 94.2 billion U.S. dollars at the end of February, down 23.1 percent year on year.