A Reuters poll had expected exports to climb by 7.1 percent in August from a year ago compared with a 7.2-percent rise in July, while imports were expected to rise by 0.1 percent in August from a year ago, reversing a 1.4-percent decline in July. China has in recent years given high priority to private business with a slew of policies being rolled out. China's dollar-denominated exports and imports were both higher in December, Reuters reported citing data from the General Administration of Customs.. "Both sides see progress and are committed to taking the steps necessary to ensure the success of the agreement," the U.S. Trade Representative's office said. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. The total revenue of China's top 500 private companies hit 28.5 trillion yuan (4.13 trillion U.S. dollars) in 2018, an increase of 16.44 percent year-on-year, according to a report released by the All-China Federation of Industry and Commerce in August 2019. Last year, China exported 10.06 trillion yuan worth of mechanical and electrical products, an increase of 4.4 percent. The United States served as China's third-largest trade partner. In addition, China imported 1.069 billion tonnes of iron ore, 506 million tonnes of crude oil and 96.56 million tonnes of natural gas, an increase of 0.5, 9.5 and 6.9 percent respectively year-on-year. Chinese Vice Premier Liu He held phone talks with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin last month, who reaffirmed their commitment to the Phase One trade deal. In addition, imports and exports of foreign-invested enterprises stood at 12.57 trillion yuan, accounting for 39.9 percent of China's total foreign trade value. In December alone, the country's foreign trade surged 12.7 percent to a monthly record of 3.01 trillion yuan, with exports reaching 1.67 trillion yuan, and imports 1.34 trillion yuan, all hitting monthly historical peaks. In the interim, ASEAN acts as China's largest trading partner, with bilateral trade value ascending 7 percent to settle at 2.93 trillion yuan, accounting for 14.6 percent of the country's total foreign trade. The total value of China-U.S. trade stood at 2.42 trillion yuan throughout the period ending August, declining 0.4 percent from a year earlier, accounting for 12.1 percent of China's total foreign trade. Private enterprises accounted for 42.7 percent of the total foreign trade, up 3.1 percentage points compared with 2018. Meanwhile, exports of mechanical and electrical products and labor-intensive products accounted for nearly 60 percent of the total exports in 2019. Copyright Â© 2020 CGTN. China's surprising resilience in exports amid the global pandemic is due to some special factors, including a surge in exports of personal protective equipment (PPE) and work/study-from-home products, and a decline of exports by some emerging market competitors, which remain severely affected by the pandemic, said Lu Ting, Chief China Economist at Nomura. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. U.S. soybean exports to China fell 47.6 percent year-on-year in 2018, dragged by ongoing trade tensions. The State Council in December, for example, announced 28 new policies to provide a level playing field for the private economy, especially help solve financing difficulties. China's foreign trade rose 3.4 percent year-on-year to a historic high of 31.54 trillion yuan (about 4.6 trillion U.S. dollars) in 2019, the General Administration of Customs said Tuesday. The country's trade data kept ascending by each quarter with 7.03 trillion yuan for the first quarter, and 7.68 trillion yuan, 8.26 trillion yuan and 8.59 trillion yuan for the second, third and fourth quarters, said Zou Zhiwu, vice minister of the General Administration of Customs. In addition, in the first eight months, exports of textile products including masks climbed by 37.8 percent. China's exports rose by 9.5 percent year on year in August in U.S. dollar terms, marking the strongest gain since March 2019, customs data showed on Monday. The private sector plays a significant role in China's economic development trajectory, contributing over 50 percent of tax revenue, 60 percent of GDP, 70 percent of technological innovation, 80 percent of urban employment and 90 percent of new jobs, according to the National Development and Reform Commission. In the first eight months of this year, the private sector contributed 9.21 trillion yuan, accounting for 45.9 percent of the total trade, up by 3.9 percentage points from the same period last year, with exports accounting for 54.9 percent of the total exports. The second-largest economy posted a trade surplus of 58.93 billion U.S. dollars for the month of August, outperforming the 50.50 billion U.S. dollars economists had expected and rising from 62.33 billion U.S. dollars in July, according to the General Administration of Customs (GAC). Below are the world’s top export countries that shipped the highest dollar value in exports during 2019. In 2019, the total value of Chinese imports and exports amounted to about 31.55 trillion yuan. The country has expanded imports of pork and introduced measures to support hog production to tackle pork shortage affected by African swine fever.