China’s booming new Silk Road trade hits $1.34 TRILLION | WHAT REALLY HAPPENED

China’s booming new Silk Road trade hits $1.34 TRILLION

China’s trade with countries participating in its ambitious Belt and Road Initiative (BRI) has been expanding and totaled 9.27 trillion yuan ($1.34 trillion) in 2019, customs data shows.

It has outpaced the country’s aggregate trade growth by 7.4 percentage points, according to the data.

More than $60 billion in investments have been promised under the China-Pakistan Economic Corridor (CPEC), said Zou Zhiwu, vice minister of the General Administration of Customs.

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