STA: China's export and import volumes achieve new high in first 7 month, 2021

From January to July 2021, China's import and export volumes were 21.34 trillion yuan, 11.66 trillion yuan and 9.68 trillion yuan, respectively, all of which hit an all-time high of 24.5%, 24.5% and 24.4% year-on-year, all of which are new highs in the past decade. 

In the opening year of the 14th Five-Year Plan, under the severe and complex situation at home and abroad and the impact of the Covid-19 pandemic, imports and exports have achieved positive growth and hit new highs for 14 consecutive months, highlighting the strong resilience of China's economy and a good trend of high-quality development. 

Such achievements have not come easily. In the past two years, in the face of new situations and challenges, the State Taxation Administration have given full play to their tax functions, from integrating export tax refund systems and further improving cross-border trade facilitation to implementing tax and fee reduction policies, reducing the burden of taxes and fees, contributing to high-level opening up and building a new development pattern.