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chinadaily.com.cn 2021-07-15 17:52

Containers await shipping at a port in Xiamen, Fujian province. [Photo by WANG XIEYUN/CHINA DAILY]


>H1 foreign trade hits record high

China's foreign trade rose 27.1 percent year-on-year to 18.07 trillion yuan in the first half of the year, official data showed Tuesday.

The growth marks an increase of 22.8 percent from the pre-epidemic level in 2019, the General Administration of Customs said. Exports jumped 28.1 percent from a year earlier, while imports climbed 25.9 percent in yuan terms.

In June alone, the country's imports and exports went up 22 percent year on year to 3.29 trillion yuan, marking an increase for the 13th month in a row.

China's trade with its top three trading partners - the Association of Southeast Asian Nations, the European Union and the United States - maintained sound growth in the first half of the year, GAC spokesperson Li Kuiwen said.

During the period, the growth rates of China's trade value with the three trading partners stood at 27.8, 26.7 and 34.6 percent, respectively.

China's trade with countries along the Belt and Road rose 27.5 percent year-on-year, while trade with countries of the Regional Comprehensive Economic Partnership grew 22.7 percent year-on-year, GAC data showed.


China Mobile employees set up a 5G station in Urumqi, the Xinjiang Uygur autonomous region. [Photo/Xinhua]


>China expects over 560M 5G users by 2023

China expects to see its total 5G users exceed 560 million by 2023. By then, the 5G network is expected to be used by over 40 percent of personal mobile phone users, according to a guideline issued by 10 state organs, including the Ministry of Industry and Information Technology.

The country will also create new consumption modes with 5G, and expand penetration rates to above 35 percent among major industrial companies.

By 2023, every 10,000 people in China will enjoy more than 18 5G base stations as the country steps up efforts to improve 5G coverage.


A woman carries an infant as she queues in line for food, at the Tsehaye primary school, which was turned into a temporary shelter for people displaced by conflict, in the town of Shire, Tigray region, Ethiopia, March 15, 2021. [Photo/Agencies]


>UN report warns of ‘dramatic worsening’ of hunger

The year 2020 saw a dramatic worsening of world hunger, which affected an estimated 720 million to 811 million people, the United Nations Food and Agriculture Organization said in a statement on Monday. The warning came with the launch of "The State of Food Security and Nutrition in the World 2021". The report, drafted by the FAO in cooperation with other four UN agencies, urged the global community to act swiftly to help the world get back on track to reach Goal 2 of the Sustainable Development Agenda, which is to end hunger and malnutrition by 2030.

Last year, global hunger grew in both absolute and proportional terms, outpacing the population growth.

"Some 9.9 percent of all people are estimated to have been undernourished last year, up from 8.4 percent in 2019," the report said.

If current trends are maintained, the UN agencies estimated Goal 2 would be missed "by a margin of nearly 660 million people."

Further data showed children remained the most exposed in the pandemic year, as more than 149 million of those aged under five were estimated to have been stunted, another 45 million too thin, and nearly 39 million overweight.


People wander near the White House in Washington, D.C., the United States, June 22, 2021. [Photo/Xinhua]


>US budget deficit soars

The US budget deficit soared to 2.24 trillion US dollars during the first nine months of fiscal year 2021, which ends on Sept 30, the US Treasury Department reported on Tuesday.

Federal revenue for the nine-month period ending in June rose to 3.05 trillion dollars, while total outlays rose to 5.29 trillion dollars, driven by payments for jobless benefits and COVID-19 relief programs, according to the department.

Earlier this month, the Congressional Budget Office estimated the US budget deficit for fiscal year 2021 would reach 3 trillion dollars, close to the 3.13 trillion dollars recorded in fiscal year 2020, which was the largest relative to the size of the economy since World War II.

The White House has unveiled a 6-trillion-dollar budget proposal for fiscal year 2022.


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