Sharp Fall in China Trade
Economy, Domestic Economy

Sharp Fall in China Trade

Figures released by China’s General Administration of Customs show that trade between Tehran and Beijing, standing at $24 billion in the first 8 months of 2015, fell 34% compared to the similar period in 2014. Bilateral trade during the period recorded a surplus of $400 million in favor of China, Bourse Press reported on Saturday. This is while the balance of trade had been in favor of Iran in the past few years. From January to August, China imported $11.8 billion worth of goods from Iran which shows a 40% decrease compared to the similar period last year while Beijing’s exports to Iran in the period declined 27% compared to the first 8 months of 2014, standing at $12.2 billion.

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