Report on H1 foreign trade
The State Council will hold a press conference on Monday to discuss the nation’s first-half foreign trade performance.
China’s imports grew faster than exports in the first quarter, resulting in a 35.7-percent contraction of the trade surplus, customs data showed in April. Exports in yuan-denominated terms rose 14.8 percent year-on-year in the first quarter, while imports increased 31.1 percent. Foreign trade reached 6.2 trillion yuan ($902.47 billion) in the first quarter, up 21.8 percent yearon-year, with a surplus of 454.94 billion yuan.