06:40 24-11-2014
MAIN Russian
About us On-line subscription
KazakhstanTajikistanUzbekistanKyrgyzstanTurkmenistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
China's exports 0.9%, imports 0.8% up in April

Bishkek (AKIpress) - 2716c8f42095e3122eca417b17884d56 China's exports went up 0.9 percent year on year to 188.54 billion U.S. dollars in April, customs data showed on Thursday.

Imports were up 0.8 percent to 170.09 billion U.S. dollars and total foreign trade volume increased 0.8 percent to 358.63 billion U.S. dollars, the General Administration of Customs (GAC) said.

Trade balance realized a surplus of 18.45 billion U.S. dollars in April, up 1.8 percent year on year, the GAC said.

However, yuan-denominated customs data offered a different picture, showing that April exports dropped 1.4 percent to 1.16 trillion yuan and imports lost 1.3 percent to 1.04 trillion yuan, according to Xinhua news agency.

GAC spokesman Zheng Yuesheng explained that the yuan-dollar conversion is based on an exchange rate released by the country's forex regulator to serve statistical purposes, with monthly changes leading to different results in the two currencies.

He said over 80 percent of the customs declarations were U.S. dollar-denominated and converted into Chinese yuan using the spot exchange rate when calculating taxes. The disparity between the two versions represents appreciation of the yuan last month.

Thursday's GAC data also revealed that the first four months saw a year-on-year decline of 0.5 percent in the foreign trade volume to 1.32 trillion U.S. dollars, according to the GAC data.

Exports decreased 2.3 percent and imports went up 1.4 percent during the period, while the trade surplus stood at 35.24 billion U.S. dollars, down 41.4 percent from a year ago, the GAC said.

China set a trade growth target of 7.5 percent this year, lower than the 8-percent goal for 2013 and last year's actual expansion of 7.6 percent.


Twitterfacebookprint
13:09 08.05.2014
LATEST NEWS
12:00 Medvedev offers Turkmenistan to supply meat, agricultural products to Russia within western import restrictions11:52 Deputy Interior Minister, UNODC consider cooperation ties11:38 U.S., Turkey to continue providing support to Syrian 'moderate opposition'11:34 Ukraine considers joining NATO as priority11:31 Russian Government approves Armenia’s accession to EEU11:26 Zhanar Dugalova of Kazakhstan wins Turkvision Song Contest11:21 Uzbekistan takes part in festival of wines and spirits in China11:13 Presidents of Uzbekistan, Switzerland hold talks in Tashkent11:04 Minister of Sport and Youth Affairs of Georgia on visit in Uzbekistan10:56 Tajik Foreign Minister, Pakistani Water Minister vote for stepping up bilateral ties10:50 Nawaz Sharif calls for stronger economic partnership with Tajikistan10:43 Tajik Foreign Minister holds talks with Prime Minister of Pakistan10:34 New U.S. Ambassador to Kazakhstan appointed10:27 Kazakhstan's Nazarbayev, Russia's Putin discuss accession of Kyrgyzstan to EEU10:17 Swiss companies interested in investing in economy of Kazakhstan – Didier Burkhalter10:08 Foreign Minister, Indian Ambassador discuss development of bilateral ties10:00 Existing potential of bilateral relations between Kyrgyzstan, France should be expanded – French Ambassador09:46 Exim Bank of China becomes largest foreign creditor of Kyrgyzstan – Audit Chamber09:34 Foreign Ministries of Kyrgyzstan, Turkey hold another round of consultations09:26 Kyrgyzhydromet warns of day frosts to -15°C
Astana
-26° C
Ashgabat
+8° C
Bishkek
+5° C
Dushanbe
+12° C
Tashkent
+10° C
exchange rates
 
71.75
57.59
9.40
1.26
225.38
180.87
29.53
3.95
6.31
5.08
0.83
0.11
3042.15
2388.25
390.42
56.91
3.53
2.85
0.47
0.06

© AKIpress News Agency - 2001-2014
Use of the AKIpress.com materials must be accompanied by a hyperlink to www.akipress.com
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75