Xi Calls Lee Jae-myung - New Guideline on Reform in Shenzhen - China-Angola Joint Statement - Breaking Down Jan-May Trade Data
Here are the key reports and articles that I found noteworthy from the People’s Daily’s edition on Wednesday, June 11, 2025.
Page 1: Let’s begin with Xi Jinping’s call to South Korean President Lee Jae-myung. The report says:
“Xi Jinping pointed out that China and South Korea are close neighbours that cannot be moved away. In the 33 years since the establishment of diplomatic relations, the two countries have transcended differences in ideology and social systems, actively promoted exchanges and cooperation in various fields, and contributed to each other’s success and achieving common development. A healthy, stable and continuously deepening China-South Korea relationship conforms to the trend of the times, is in line with the fundamental interests of the two peoples, and is also conducive to peace, stability, development and prosperity in the region and even the world.” 习近平再次祝贺李在明当选总统。习近平指出，中韩是搬不走的近邻。建交33年来，两国超越意识形态和社会制度差异，积极推进各领域交流合作，实现相互成就和共同发展。一个健康稳定、持续深化的中韩关系，顺应时代发展潮流，符合两国人民根本利益，也有利于地区乃至世界和平稳定和发展繁荣.
China and South Korea should stay committed to the original aspiration of establishing their diplomatic ties, uphold good-neighbourliness and friendship, and strive for mutual benefit and win-win outcomes
“Xi stressed that China and South Korea should stick to the original intention of establishing diplomatic relations, firmly adhere to the direction of good-neighbourliness and friendship, strive for mutual benefit and win-win outcomes, promote the China-ROK strategic cooperative partnership to a higher level, bring more benefits to the people of the two countries, and inject more certainty into the regional and international situation. It is necessary to strengthen exchanges at all levels and in all fields to enhance strategic mutual trust; it is necessary to strengthen bilateral cooperation and multilateral coordination, jointly safeguard multilateralism and free trade, and ensure the stability and smoothness of global and regional industrial chains and supply chains; it is necessary to deepen cultural exchanges, deepen mutual understanding, consolidate the foundation of public opinion, and let China-ROK friendship take root in the hearts of the people of the two countries; it is necessary to respect each other’s core interests and major concerns, maintain the general direction of bilateral relations, and ensure that China-ROK relations always move forward on the right track.” 习近平强调，中韩应坚守建交初心，坚定睦邻友好方向，坚持互利共赢目标，推动中韩战略合作伙伴关系向更高水平迈进，为两国人民带来更多福祉，为变乱交织的地区和国际形势注入更多确定性。要加强各层级各领域交流，增进战略互信；要密切双边合作和多边协调，共同维护多边主义和自由贸易，确保全球和地区产业链供应链稳定畅通；要深化人文交流，加深相互理解，夯实民意基础，让中韩友好在两国人民心中扎根；要尊重彼此核心利益和重大关切，把牢双边关系大方向，确保中韩关系始终沿着正确轨道向前发展.
There’s a consolidated report on Ding Xuexiang meeting with Deputy Speaker of the National Assembly of Serbia Marina Ragus, Uzbekistan's Deputy Prime Minister Ramatov Achilbay Jumaniyazovich, and Iran’s Vice-President of Science, Technology and Knowledge-Based Economy Hossein Afshin. Xinhua has the report in English, if you are interested.
Next, the full new guideline on Deepening the Comprehensive Reform Pilot in Shenzhen to Advance Reform, Innovation, and Further Opening-Up. There are four important sections to this document.
First, the reform of the education, science and technology talent system and mechanism. Under this, the document makes three points:
Strengthen efficient coordination and deep integration of industry, academia, and research. Strengthen the dominant position of enterprises in technological innovation, optimise effective pathways for giving full play to the role of leading technology enterprises as ‘question setters’. Explore market-oriented salary management systems for new-type R&D institutions, support Shenzhen Academy of Medical Sciences in exploring new mechanisms in scientific research management, talent recruitment, and funding utilisation. Deepen reform of scientific research funding management, implement ‘budget+negative list’ management. Explore implementing a scientific research project manager system, granting them greater management authority in project selection, team formation, technical route selection, and funding allocation. Establish and improve mechanisms for empowerment, transformation, and assessment of job-related scientific and technological achievements, trial long-cycle assessment for the preservation and appreciation of state-owned assets formed through transformation. Explore diversified investment and open sharing mechanisms for major scientific and technological infrastructure, implement facilitated management for the import and export of scientific research equipment, consumables, etc. 加强产学研高效协同、深度融合。强化企业科技创新主体地位，优化发挥科技领军企业“出题人”作用的有效路径。探索新型研发机构薪酬市场化管理制度，支持深圳医学科学院在科研管理、人才聘用、经费使用等方面探索新机制。深化科研经费管理改革，实施“预算+负面清单”管理。探索实施科研项目经理人制度，在项目甄选、团队组建、技术路线选择、经费支配等方面赋予其更大管理权限。建立健全职务科技成果赋权、转化和考核等机制，对转化形成的国有资产保值增值情况试行长周期考核。探索重大科技基础设施多元化投入和开放共享机制，实施科研设备、耗材等进出境便利化管理.
Coordinate and advance reforms in talent cultivation methods, school operation models, management systems, and guarantee mechanisms. Coordinate and advance reforms in talent cultivation methods, school operation models, management systems, and guarantee mechanisms. Promote deep integration of engineering education in emerging fields with industrial development, support universities and enterprises in jointly cultivating high-quality compound engineering talents, cultivate a batch of innovative and entrepreneurial talents who master hard technologies. Explore professional, ‘small but refined’ university operation models that conform to the characteristics of mega-cities. Promote deep integration of vocational skills training with the cultivation and enhancement of advanced manufacturing clusters, focusing on regional development needs for skilled talents, support foreign investors in establishing vocational skills training institutions in Shenzhen according to regulations, introduce advanced training courses, faculty, and teaching methods, explore effective connection between industrial chains and vocational skills training chains, and technical worker cultivation models that integrate higher vocational education with technical education development. Promote course mutual selection and credit mutual recognition between Shenzhen’s higher vocational schools and application-oriented technical universities. Optimize enrolment mechanisms for children of migrant workers. Actively implement the national Silver-Age Teacher Action Plan. Explore personalised teaching methods and new pathways for talent cultivation that adapt to AI development. 统筹推进育人方式、办学模式、管理体制、保障机制改革。推动新兴领域工程教育与产业发展深度融合，支持高校和企业联合培养高素质复合型工科人才，培育一批掌握硬科技的创新创业人才。探索符合超大城市特点的专业型、“小而精”高校办学模式。推动职业技能培训与先进制造业集群培育提升深度融合，围绕区域发展对技能人才的需要，支持外商按规定在深圳投资举办职业技能培训机构，引进先进培训课程、师资、教法等，探索产业链与职业技能培训链有效衔接、高职教育与技工教育融通发展的技术工人培养模式。推动深圳的高等职业学校和应用技术型大学课程互选、学分互认。优化外来务工人员随迁子女入学机制。积极实施国家银龄教师行动计划。探索适应人工智能发展的个性化教学方式和人才培养新路径.
Improve the support and guarantee mechanism for bringing in overseas talents. Make good use of the opportunity to promote the construction of a high-level talent base in the Guangdong-Hong Kong-Macao Greater Bay Area to bring in more urgently needed and scarce talents. Improve the talent supporting service policy and give employers greater autonomy in the introduction of overseas talents and related personnel, scientific research, and foreign affairs management. 完善海外引进人才支持保障机制。用好推进粤港澳大湾区高水平人才高地建设契机，引进更多急需紧缺人才。完善人才配套服务政策，在引进海外人才及相关人事、科研、外事管理等方面赋予用人单位更大自主权.
Second, promote the high-quality development of the real economy enabled by finance, technology, and data. Under this, the piece also makes three points:
Improve incentive and constraint mechanisms for financial services to serve the real economy. Support Shenzhen in conducting specialised pilot programs for technology-industry-finance integration. Improve practical scenarios and rule systems for technology enterprise credit, intellectual property securitisation, and technology achievement and intellectual property transactions. Optimise coordinated connection mechanisms for debt and equity financing of technology enterprises. Deepen green finance reform. Support insurance funds to invest in compliance with laws and regulations in private equity investment funds and venture capital funds established in Shenzhen that mainly invest in specific fields. Allow Guangdong-Hong Kong-Macao Greater Bay Area enterprises listed on the Hong Kong Stock Exchange to list on the Shenzhen Stock Exchange in accordance with policy regulations. 健全金融服务实体经济的激励约束机制。支持深圳开展科技产业金融一体化专项试点。健全科技型企业信贷、知识产权证券化、科技成果和知识产权交易等实践场景和规则体系。优化科技型企业债权和股权融资协同衔接机制。深化绿色金融改革。支持保险资金依法合规投资在深圳发起设立的主要投向特定领域的私募股权投资基金和创业投资基金。允许在香港联合交易所上市的粤港澳大湾区企业，按照政策规定在深圳证券交易所上市.
Innovate institutional mechanisms to support emerging industry development. Relying on the Shenzhen Stock Exchange Technology Achievement and Intellectual Property Trading Center and others, construct a full-chain service system for technology achievement transfer and transformation. Explore access and application mechanisms for AI-assisted medical devices, under the premise of safety and control, explore rules and standards for AI-assisted medical device data collection, integrated sharing, and compliant use. Support Shenzhen in deepening reform and innovation of unmanned aircraft flight management systems, improve low-altitude flight supervision rules, explore conducting cross-border helicopter flights, public service and other general aviation businesses. Expand energy storage scenarios, explore source-grid-load-storage integrated commercial models. Innovate management systems for international industrial and standards organizations. 创新支持新兴产业发展的体制机制。依托深圳证券交易所科技成果与知识产权交易中心等，构建科技成果转移转化全链条服务体系。探索人工智能辅助医疗设备准入应用机制，在安全可控前提下，探索人工智能辅助医疗设备数据采集、集成共享、合规使用的规则及标准。支持深圳深化无人驾驶航空器飞行管理制度改革创新，完善低空飞行监管规则，探索开展跨境直升机飞行、公益服务等通用航空业务。拓展储能场景，探索源网荷储一体化商业模式。创新国际性产业与标准组织管理制度。
Deepen the reform of market-oriented allocation of data elements. Improve trading rules and standard specifications, support Shenzhen in exploring mechanisms for data trading, trusted circulation, and revenue distribution, forming more institutional achievements in compliance assessment and certification. Under the premise of ensuring security, steadily advance the lawful and compliant hierarchical and classified opening of public data in transportation, geography, satellite remote sensing, meteorology, medical and health care and other fields, improve related management systems, service mechanisms, and standard specifications. Improve urban information model infrastructure platforms, prudently conduct pilot applications of three-dimensional territorial spatial model achievements. Enhance data security governance and supervision capabilities, under the premise of complying with laws, regulations and relevant requirements, explore efficient, convenient and secure cross-border data flow mechanisms. 深化数据要素市场化配置改革。健全交易规则和标准规范，支持深圳探索数据交易、可信流通、收益分配等机制，在合规评估认证等方面形成更多制度性成果。在保障安全前提下，稳步推进交通、地理、卫星遥感、气象、医疗卫生等领域公共数据依法合规分级分类开放，健全相关管理制度、服务机制、标准规范。完善城市信息模型基础平台，稳妥开展国土空间三维模型成果应用试点。提升数据安全治理监管能力，在符合法律法规和有关要求前提下，探索高效便利安全的数据跨境流动机制.
Third, build a new system of open economy at a higher level. Under this, there are three points:
Support the facilitation of goods trade.
Innovate and enhance service trade. Under the premise of information sharing among regulatory departments and controllable risks, support key enterprises outside comprehensive bonded zones in conducting pilot programs for ‘both ends outside’ bonded maintenance business with high added value, high technology content, and meeting environmental protection requirements. Study the increase of designated entry and exit ports and berthing points for free travel of yachts in Guangdong, Hong Kong and Macau. Further expand the regional scope of decentralised approval authority for international express business (agency) operating licenses. Strengthen innovation in digital RMB pilot application scenarios, participate in multilateral central bank digital currency bridge project research, explore the applicability of central bank digital currency in cross-border fields. Improve policies for customs clearance facilitation, cargo supervision, warehousing and logistics in the international cultural relic trading field. 创新提升服务贸易。在监管部门信息共享、风险可控前提下，支持综合保税区外的重点企业开展高附加值、高技术含量、符合环保要求的“两头在外”保税维修业务试点。研究增加粤港澳游艇自由行指定出入境口岸和靠泊点。进一步扩展国际快递业务（代理）经营许可审批权限下放区域。加强数字人民币试点应用场景创新，参与多边央行数字货币桥项目研究，探索央行数字货币在跨境领域的适用性。完善国际文物交易领域通关便利、货物监管、仓储物流等政策.
Improve supporting mechanisms for facilitating personnel flow. Deepen reform of supporting systems related to international navigation vessels, provide convenient handling services for Hong Kong, Macao and Taiwan crew members to process social insurance. Pilot allowing qualified Hong Kong tax-related professionals to register for practice in specific areas of Shenzhen. Prudently and orderly expand the list of overseas professional qualification facilitated practice recognition, optimise examination mechanisms for overseas futures practitioners and others practicing in Shenzhen. 完善便利人员流动配套机制。深化国际航行船舶相关配套制度改革，为港澳台船员办理社会保险提供便利的经办服务。试点允许符合条件的香港涉税专业人士在深圳特定区域登记执业。稳妥有序扩大境外职业资格便利执业认可清单，优化境外期货从业人员等在深圳执业的考试机制.
The fourth bit is around governance issues. Again, the section makes three points:
Improve the level of livelihood security services. Deepen the reform of the drug and medical device review and approval system, and improve the port drug supervision and inspection and testing capabilities. Improve the use and supervision and management system of urgently needed imported drugs and medical devices, and explore feasible ways to use the real-world clinical data of international new drugs for the registration and marketing authorisation of imported drugs. Deepen the reform and construction of digital government, and improve the level of intelligent and professional social governance. 提升民生保障服务水平。深化药品医疗器械审评审批制度改革，提升口岸药品监管和检验检测能力。完善临床急需进口药品、医疗器械使用及监督管理制度，探索将国际新药临床真实世界数据用于进口药品注册上市许可的可行路径。深化数字政府改革建设，提高社会治理智能化专业化水平.
Improve land and other natural resource management systems. Support conducting comprehensive surveys of land, buildings, forest land, wetlands, sea areas and islands. Explore computer-assisted review systems based on building information models, pilot three-dimensional real estate registration in specific areas. Reform idle land disposal and recovery mechanisms, improve policies linking idle land fee collection standards with idle duration, innovate land revitalisation and utilisation methods. Strengthen land protection for major industrial projects. Improve the management system and supporting policies for Shenzhen-Shanwei Special Cooperation Zone. Explore reasonable and effective utilization models for non-core areas of nature reserves and scenic spots. 健全土地等自然资源管理制度。支持开展土地、建筑物、林地、湿地、海域海岛的综合调查。探索基于建筑信息模型的计算机辅助审核制度，在特定区域试行开展不动产立体化登记。改革闲置土地处置和收回机制，完善土地闲置费收取标准与闲置时长挂钩政策，创新土地盘活利用方式。加强重大产业项目用地保障。完善深汕特别合作区管理体制和配套政策。探索自然保护区及风景名胜区非核心区域合理有效利用模式.
Deepen reform in the judicial field and exchange cooperation. Establish a ‘one-stop’ diversified international commercial dispute resolution mechanism with organic connection between litigation, mediation, and arbitration. Within the framework of civil procedure law, explore quick filing and execution for summary execution cases, and single-judge handling of summary execution objection cases. Support conducting integrated management system reform for property-related parts of criminal judgments. Deepen pilot programs for new-type intellectual property legal protection. Explore unified registration of commercial mediation organizations by judicial administrative departments, and strengthen supervision and management. Support Shenzhen in lawfully conducting judicial confirmation and compulsory enforcement of mediation agreements issued by specific Hong Kong and Macao commercial mediation organizations. Support Shenzhen arbitration institutions and the China Sport Arbitration Committee in researching sports dispute resolution, arbitration international cooperation and other work. 深化司法领域改革和交流合作。建立诉讼与调解、仲裁有机衔接的“一站式”国际商事纠纷多元化解决机制。在民事诉讼法框架下，探索简易执行案件快立快执、简易执行异议案件法官独任制办理。支持开展刑事裁判涉财产部分一体化管理制度改革。深化新型知识产权法律保护试点。探索由司法行政部门对商事调解组织进行统一登记，并加强监督管理. 支持深圳依法对特定港澳商事调解组织出具的调解协议进行司法确认和强制执行. 支持深圳仲裁机构与中国体育仲裁委员会研究体育纠纷化解、仲裁国际合作等工作.
Page 2: There’s a report on the China Internet Civilization Conference being held in Hefei. Li Shulei spoke at this meeting. The report says:
“The guests in attendance expressed that the Internet is a broad stage for spiritual civilisation construction to display new atmosphere and new achievements, opening up enormous space for cultural innovation and prosperity. We must consolidate and strengthen mainstream thought and public opinion online, fully stimulate the vitality of Internet culture development, reform and improve governance systems and mechanisms for cyberspace, promote core socialist values to subtly influence and silently nourish in cyberspace, form a network civilisation environment of respecting virtue and pursuing goodness, seeing virtue and thinking of emulation, loving learning and valuing culture, so that the broad masses of netizens have more sense of gain, happiness and security.” 与会嘉宾表示，网络是精神文明建设展现新气象新作为的广阔舞台，为文化创新和繁荣打开了巨大空间。要巩固壮大网上主流思想舆论，充分激发网络文化发展活力，改革完善网络空间治理制度机制，推动社会主义核心价值观在网络空间潜移默化、润物无声，形成崇德向善、见贤思齐、好学重文的网络文明环境，让广大网民有更多获得感幸福感安全感.
Page 3: There’s a report on Wang Yi’s comments at the First International Day for Dialogue Among Civilizations of the UN. Wang made three points:
“First, upholding equality among civilizations. No civilization is superior to others. It is important to respect the development paths and social systems chosen by people of different countries independently, repudiate clash of civilizations, oppose interference into others’ internal affairs and resist unilateral bullying practices. We must defend fairness and justice and work to ensure equality and dignity for all. We should stand by true multilateralism, and support the U.N. in playing an instrumental role in dialogue among civilizations. We should aim for cooperation and mutual benefit, reject confrontation and zero-sum games, and stay committed to peaceful coexistence among civilizations.
Second, promoting exchanges among civilizations. It is important for countries to step up exchanges and mutual learning, and draw inspirations from dialogue among civilizations to address global challenges and explore paths toward global modernization. China is giving positive consideration to hosting the Global Forum of the U.N. Alliance of Civilizations in 2028, and to providing funding to the U.N. body designated to promote inter-civilizational dialogue. We will continue supporting the work of mechanisms such as the Ancient Civilizations Forum with a view to enhancing the platform for dialogue among civilizations around the world.
Third, advancing the progress of civilizations. The international community needs to encourage the normal flow of ideas, technologies and personnel, and keep pushing the frontiers of human knowledge. Under the principle of technology for good, we need to leverage emerging technologies, such as artificial intelligence, to facilitate the continuation and innovation of civilizations, keep increasing our common material and cultural abundance and build a community with a shared future where all civilizations thrive together.”
Second, there’s a consolidated report on Wang’s meetings with African foreign ministers in Changsha. Xinhua English has the report. It says that Wang met with Kenya’s Musalia Mudavadi, Senegal’s Yassine Fall, Tanzania’s Mahmoud Thabit Kombo, Namibia’s Selma Ashipala-Musavyi, Botswana’s Phenyo Butale, and Angola’s Tete Antonio.
Third, there’s a joint declaration between China and Angola following the foreign ministerial meeting. Key points:
“China reiterates its firm support for the Angolan people to independently choose a development path that suits their national conditions, and firmly supports Angola in safeguarding its national independence, sovereignty, security and interests. The Angolan side reiterates its firm adherence to the one-China principle, recognises that Taiwan is an inalienable part of China's territory, opposes any form of ‘Taiwan independence’, and firmly supports all efforts made by the Chinese government to achieve national reunification.” 两国外长积极评价中安长期友好、团结协作、互利共赢的全面战略合作伙伴关系，一致同意在涉及彼此核心利益和重大关切问题上加强相互支持。中方重申坚定支持安哥拉人民自主选择符合本国国情的发展道路，坚定支持安哥拉维护国家独立及主权、安全和利益。安方重申坚定奉行一个中国原则，承认台湾是中国领土不可分割的一部分，反对任何形式的“台湾独立”，坚定支持中国政府为实现国家统一所作的一切努力.
“Both sides agree that the development of human rights is a common cause of all mankind, and the right to survival and development are the primary basic human rights. Human rights exchanges and cooperation should be carried out on the basis of mutual respect and equal treatment. Respecting the sovereignty, independence and territorial integrity of all countries and non-interference in the internal affairs of sovereign states are basic norms of international relations. Xinjiang, Hong Kong and Tibet affairs are China’s internal affairs. The two sides oppose the politicisation of human rights issues and double standards, and oppose interfering in the internal affairs of China and Angola and their inter-state cooperation under the pretext of human rights. The Angola side appreciates China’s active fulfilment of international obligations in human rights and other fields and its contribution to the human rights cause. China supports Angola in playing a role in international and regional affairs.” 双方一致认为，发展人权是全人类共同的事业，生存权、发展权是首要的基本人权，应在相互尊重和平等相待基础上开展人权交流与合作。尊重各国主权、独立和领土完整，不干涉主权国家内政是国际关系基本准则。新疆、香港、西藏事务是中国内政，双方反对将人权问题政治化和双重标准，反对以人权为借口干涉中安两国内政、干涉国家间合作，安方赞赏中国在人权等领域积极履行国际义务和为人权事业所作贡献。中方支持安方在国际和地区事务上发挥作用.
“China and Angola will continue to uphold the core values and basic principles of the WTO and support the necessary updating of the rules through joint statements on investment facilitation and other initiatives. Both sides firmly oppose any form of hegemonism, such as unilateral sanctions, tariff barriers, and technological blockades, and call for the reform of the international financial system to make it more inclusive and fair, improve development financing for developing countries, promote trade and investment liberalisation and facilitation, and achieve common prosperity.” 中安双方将继续维护世界贸易组织核心价值和基本原则，支持世贸组织通过投资便利化等联合声明倡议对规则进行必要更新。双方坚决反对单边制裁、关税壁垒、技术封锁等任何形式的霸权主义行径，呼吁改革国际金融体系，使其更加包容、公平，改善发展中国家发展融资，推动贸易和投资自由化便利化，实现共同繁荣.
The final point is about supporting BRI, the three global initiatives, and opposing “the law of the jungle, hegemony, power politics and all forms of unilateralism and protectionism”.
Finally, two brief reports. First, Chinese Defense Minister Dong Jun met with Rudzani Maphwanya, chief of the South African National Defense Force, in Beijing on Tuesday.
Second, ILD chief Liu Jianchao led a delegation to the UK for the 13th UK-China Leadership Forum.
“During the visit, Liu met and held discussions with British Foreign Secretary David Lammy, former leader of the Labour Party and former Prime Minister Tony Blair, and others. The two sides agreed that under the circumstances of increasing global challenges, a healthy and stable relationship between China and Britain, both permanent members of the United Nations Security Council and major economies in the world, is in line with the interests of the two countries and the world as a whole. They also agreed to make full use of such dialogue mechanisms as the UK-China Leadership Forum to strengthen communication and dialogue, enhance mutual understanding and trust, expand practical cooperation in various fields, and promote closer people-to-people and cultural exchanges. They also reaffirmed their commitment to safeguarding the international order with the United Nations at its core and to promoting global peace and development.”
Page 11: There’s a report informing that Zhu Zhisong, former secretary of the CPC’s Pudong New Area District Committee in Shanghai, has been expelled from the CPC and dismissed from public office for serious violations of Party discipline and laws. The report says that Zhu violated the Party’s political discipline, organisational discipline, integrity discipline and work discipline.
Also on the page is a very brief report informing of the deployment of the Liaoning and Shandong carriers in the Western Pacific. The report says that this is “routine training organised according to the annual plan” and aimed at exercising “far sea defense and joint combat capabilities”.
Other Reports:
Outside the paper, let’s just do a quick breakdown of data from GACC on China’s trade from January to May. The diversion of goods is evident here.
Data show that China’s total trade, for the period, expanded by 1.3%; exports grew 6.0%, while imports fell 4.9%.
With the EU, total trade grew 1.7%, with exports rising 6.4% and imports tumbling 7.3%.
Trade with the US crashed 9.1%. Exports fell 9.7% and imports were down by 7.4%.
Trade with ASEAN states expanded 7.8%; exports rose 12.2% and imports were up 1.2%. Exports to Vietnam went up 18.8%, to Thailand were up 20.9% and to Indonesia were up 16.8%.
PRC’s trade with Japan was up 1.2%; exports rose 4.4%, while imports fell 2.0%. Trade with HK also rose substantially, with exports to HK rising 9.5%.
Trade with India expanded 10.3%; exports grew by 15.1%, while imports crashed 15.5%
Trade with Russia has fallen 8.2%, with exports down 6.6% and imports falling 9.5%.