ASEAN, private firms boost China trade

China’s goods trade rose 3.5% YoY to RMB 25.7 trillion in the first seven months of 2025, as exports grew 7.3% and imports fell 1.6%. Trade with ASEAN expanded 9.4%, while US trade declined 11.1%. Private firms accounted for over half of total trade. Electromechanical and car exports climbed, while lower prices pulled down major commodity imports.