▲ Up
 
00:24 03-08-2015
MAIN АКИpress CA-News
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
17:44 Local election commissions to hang voter lists for check of accuracy until August 2017:38 Extremists of Islamic State expand terrible and subversive activities – Rahmon17:28 Supreme Court cancels ruling unfreezing property belonging to Alexey Eliseyev, Mikhail Nadel17:15 EBRD arranges US$ 300 million syndicated loan for Kazakh Railways17:00 Killer of Cecil the lion should be extradited, Zimbabwe says16:57 Kuwait donates over 17 tons of medical supplies for hospitals in Kyrgyzstan16:56 Kazakhstan, India interested in CASA-1000 Project16:52 Supreme Court confirms theft of criminal case materials on looting during April 201016:43 Kazakh, Malaysian PMs meet in Kuala Lumpur16:33 Rehabilitation of Toktogul HPP to increase its capacity for around 20-40%16:32 Beijing to host 2022 Winter Olympics and Paralympics16:16 Five die, 3 injured in road accident in southern Tajikistan16:09 US dollar exchange rate drops over seasonal factors, expectations of market stakeholders – regulator16:05 China’s anti-corruption watchdog accuses former Inner Mongolia police chief of murder15:59 Several police officers sacked over fight between Kyrgyz, Dungans in Tokmok15:53 President Atambayev signs amendments facilitating export of agricultural products15:47 Vietnam confirms its participation in EXPO 2017 Astana15:45 Uzbekistan creates 100,000 jobs for migrants in six months15:31 Kyrgyz, Kazakh customs authorities talking over facilitation of vegetable exports from Kyrgyzstan15:17 Indian doctors to provide free consultations in Tashkent
Astana
+29° C
Ashgabat
+39° C
Bishkek
+35° C
Dushanbe
+32° C
Tashkent
+39° C
exchange rates
 
66.84
61.11
9.84
1.01
205.18
187.45
30.19
3.11
6.85
6.26
1.01
0.12
2710.18
2512.73
405.44
50.01
3.85
3.50
0.56
0.06

© AKIpress News Agency - 2001-2015. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation 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