China Trade Surplus Shrinks
China Trade Surplus Shrinks

China Trade Surplus Shrinks

China Trade Surplus Shrinks

China’s trade surplus shrank markedly in the first five months of this year, data from the ministry of commerce showed, Xinhua reported. Exports reached $957.06 billion while imports stood at $857.39 billion, leaving a trade surplus of $99.67 billion, down 26.8% year-on-year. China’s trade growth in the Jan-May period in dollar terms stood at 16.8% year-on-year, the highest in seven years, according to Liang Ming, director of the foreign trade institute with the Chinese Academy of International Trade and Economic Cooperation, a think tank with the MOC. The country saw increased share of mechanical and electrical products among total exports and decreased share of exports of labor-intensive products. Import growth of integrated circuit, high-tech and energy products accelerated in the first five months of 2018. Liang attributed the steady trade growth during this period to the global economic recovery, stable domestic economic growth, and the development of the Belt and Road Initiative. He expected the steady trade growth momentum to continue in the second half of this year with further improvement in trade quality and structure.


Short URL : https://goo.gl/uvJnrb
  1. https://goo.gl/bJuWb2
  • https://goo.gl/qytKK6
  • https://goo.gl/kCVYgU
  • https://goo.gl/Tbx1qr
  • https://goo.gl/C78U3j

You can also read ...

French Foreign Minister Jean-Yves Le Drian addresses CEDRE Conference in Paris on April 6, with Lebanese Prime Minister Saad Hariri on his right.
With the FIFA World Cup over and French victory secured,...
Dubai’s new business licenses in the second quarter of 2018 were down 26% from the same period in 2016.
In Dubai’s posh Jumeirah Beach residence district, luxury...
Handout picture shows IMF Managing Director Christine Lagarde on a screen as she speaks  during the G20 meeting taking place in Buenos Aires, on July 21.
The International Monetary Fund warned world economic leaders...
Germany Lifts Turkey Sanctions
Germany has lifted economic sanctions on Turkey and relaxed...
Farnborough Airshow Announces $192b in Orders
England’s Farnborough airshow this week saw deals worth $192...
Australia  Faces Massive Economic Crash
Australia is facing an economic shock akin the global...
IFC to Inject $2 Billion in Egypt’s Private Sector
International Finance Corporation, a member of the World Bank...
According to a survey, 75.3% are facing difficulties in running their businesses this year.
South Korea’s major business lobby said Sunday it will file an...

Add new comment

Read our comment policy before posting your viewpoints