China’s ex­ports rise, im­ports drop in April

Fiji Sun - - World News -

Bei­jing: China’s ex­ports in yuan-de­nom­i­nated terms rose 4.1 per cent year on year in April, while im­ports dipped 5.7 per cent, cus­toms data showed on Sun­day. That led to a monthly trade sur­plus of 298 bil­lion yuan (FJ$96.5bn), up from March’s 194.6 bil­lion yuan (FJ$63.02bn), ac­cord­ing to fig­ures from the Gen­eral Ad­min­is­tra­tion of Cus­toms (GAC). The ex­port growth in April was milder than the 18.7 per cent in­crease in March, while im­ports fell at a faster pace com­pared with the 1.7 per cent fall in the pre­vi­ous month. For­eign trade edged down 0.3 per cent year on year to 1.95 tril­lion yuan (FJ$0.63tn) last month and that for the first four months com­bined slipped 4.4 per cent to 7.17 tril­lion yuan (FJ$2.32tn).

In the Jan­uary-April pe­riod, ex­ports dropped 2.1 per cent year on year while im­ports went down 7.5 per cent, lead­ing to a trade sur­plus of 1.11 tril­lion yuan (FJ$0.36tn), widen­ing 16.5 per cent from a year ear­lier.

The lead­ing index for the coun­try’s ex­ports rose 2.2 points to 33.8 in April, with sub-in­dices for new ex­port or­ders and man­agers’ con­fi­dence both up from March, sig­nalling smaller pres­sure on ex­port growth in the sec­ond quar­ter, the GAC said. Ex­ports to the Euro­pean Union, China’s largest trade part­ner, climbed 1.3 per cent year on year in the first four months, the GAC data showed. In the same pe­riod, ex­ports to the United States and the As­so­ci­a­tion for South­east Asian Na­tions, China’s sec­ond- and third­largest trade part­ners, both de­clined 3.5 per cent. Im­ports of iron ore, crude oil and cop­per posted strong in­crease in the four months -- up 6.1 per cent, 11.8 per cent and 23.1 per cent, re­spec­tively. But im­ports of coal, steel and re­fined oil fell. Xin­hua

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