Re­port on H1 for­eign trade

Global Times US Edition - - BIZOVE -

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.

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