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Cornerstone Blog China’s foreign trade rises in Jan-April as global recovery picks up

China’s foreign trade rises in Jan-April as global recovery picks up

May 13, 2021 by Cornerstone International Group Leave a Comment

China’s foreign trade expanded 28.5 percent year on year to 11.62 trillion yuan (about 1.8 trillion U.S. dollars) in the January-April period as global recovery pick up and pent-up demand unleashed.

This marks an increase of 21.8 percent from the pre-epidemic level in 2019,

the General Administration of Customs (GAC) said.

Exports jumped 33.8 percent from a year earlier while imports climbed 22.7 percent in yuan terms.

The trade surplus increased 149.7 percent to reach 1.02 trillion yuan in the January-April period.

In April alone, exports jumped 22.2 percent from a year earlier to 1.71 trillion yuan, GAC data shows.

Read the full article here…

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Filed Under: Cornerstone Blog Tagged With: #china, #foreigntrade

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