22:35 30-10-2014
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
20:06 International donors pledge $3 billion for Aral Sea saving19:50 New electricity tariffs to become effective since January 2015 upon approval by general public – First Vice PM19:36 Small hydropower not developing in Kyrgyzstan due to long period of return of investments - Minister19:25 Power outage schedules to be approved by November, Kyrgyz government working on electricity import to avoid blackouts – Minister19:11 Construction of 14 apartment buildings for police officers planned in Kyrgyzstan19:04 Over 4,000 foreigners and stateless persons acquire citizenship of Kyrgyzstan in 201418:24 Kyrgyz government to continue legal proceedings against Latvian banker who won $16.5 million claim against it18:02 Kyrgyzstan should provide 425 villages with drinking water for 10 years – First Vice PM17:59 World Bank extends credits for over $400 million to Uzbekistan for irrigation17:53 Sweden the first EU member to recognize state of Palestine17:46 Kyrgyz government hands over equipment to rural water users associations to improve water supply17:35 Kazakhstan ready to cooperate with Russia in tightening control over transit of food products – National Economy Ministry17:24 Foreign Ministry's Envoy, Head of OSCE Field Office discuss cooperation plan for 2015, new projects in border areas17:16 7.5 billion som required annually for normal functioning of Interior Ministry – official16:39 Ukraine gas supplies in doubt as Russia seeks EU payment deal16:36 Around 400 Turkish companies active in Kyrgyzstan16:35 Almaty might become center of Islamic finance within Eurasian Economic Union - Kazakh Central Bank chief16:35 India's experience with current system of parliamentarism important for Kyrgyzstan – Central Election Commission Chairman16:31 Gold and foreign currency reserves of Kyrgyzstan grow 7.5 times over 12 years16:25 Electric Stations JSC obtains $30 million loan from Eurasian Development Bank for fuel procurement, lacks $55 million more
Astana
+1° C
Ashgabat
+12° C
Bishkek
+3° C
Dushanbe
+8° C
Tashkent
+11° C
exchange rates
 
72.95
57.33
9.20
1.34
230.21
180.87
29.60
4.23
6.34
5.00
0.82
0.12
3084.28
2367.40
385.74
61.13
3.61
2.85
0.47
0.07

© 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