Customs data released on Monday showed that the Chinese capital Beijing saw an 8.75% year-on-year increase in its foreign trade in the first quarter, with the volume totaling 677.37 billion yuan ($104.45 billion). According to the statistics, the city’s imports jumped 9% compared with the same period last year to 548.36 billion yuan (over $84 billion). Meanwhile, exports grew to approximately 129 billion yuan ($20 billion), up 7.2% over the same period. Imports of agricultural products topped 56 billion yuan ($8.6 billion), up 86.1% on a yearly basis. Iron ore and copper concentrate imports were also very strong.
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