Trade: Imports from the US rise by 8.9%

US could not only undermine the two countries’ trade volume, but also add a drag to global economic growth,” Deng Haiqing, chief economist with JZ Securities, said in a research note.

Sino-US trade volume exceeded $141.59 billion between January and March, an increase of 13 percent yearon-year. Specifically, China’s exports to the US jumped by 14.8 percent and imports from the US rose by 8.9 percent, resulting in a trade surplus of $58.25 billion.

Huang reiterated that the China-US trade imbalance was determined by the two countries’ economic structure and industrial competitiveness. “If we take into account the factors such as statistical method, transit trade and trade in ser- vice, China’s trade surplus with the US is actually not that big,” Huang added.

He said China has deliberately pursued a surplus.

In March, China’s exports denominated in yuan shrank by 9.8 percent year-on-year, while imports surged by 5.9 percent, leading to a trade deficit of 29.78 billion yuan in that month, the customs administration figures show. China’s trade surplus stood at 326.18 billion yuan in the first quarter, a decline of 21.8 percent from the same period last year.

Huang called on the administration of US President Donald Trump to listen patiently to rational and pragmatic voices on such issues, and to propose constructive measures to solve disputes and get the bilateral trade relations back on track. never trade

ZHU XINGXIN / CHINA DAILY A student tries on a hazmat suit at Beijing No 15 Middle School on Friday. The Chinese Center for Disease Control and Prevention held activities for students to learn about infectious diseases and biolabs, ahead of National Security Education Day,...