Economic Watch: China's foreign trade maintains steady growth

Xinhua
27 May 2023, 02:30 GMT+10

BEIJING, May 26 (Xinhua) -- China's foreign trade has been expanding steadily, exhibiting resilience as its economy continues its upward momentum.

The country's international trade in goods and services increased by 7 percent year on year last month to nearly 3.67 trillion yuan or 533 billion U.S. dollars, official data showed Friday.

It registered a surplus of 276.1 billion yuan in April, up 3 percent, said the State Administration of Foreign Exchange.

The surplus in goods trade reached 392.3 billion yuan, the highest monthly level in 2023.

Regarding primary items, the export and import of transport services, travel services, and other business services registered 142 billion yuan, 106.5 billion yuan, and 88 billion yuan, respectively.

The country's economy has got off to a steady start this year. With regular social and economic operations fully resumed in April, multiple output and demand indicators registered faster growth.

Official data showed that the world's second-largest economy saw a steady expansion in industrial output, consumption, and the services sector, among others, in April.

China has recently introduced new policies to stabilize the scale of foreign trade and improve its structure, which will help boost the confidence and vitality of foreign trade enterprises and promote the stability and quality of foreign trade throughout the year.

To keep the foreign trade scale stable, the country will create more opportunities, stabilize trade of vital products and support foreign trade companies.

To improve foreign trade structure, China will guide the transfer of processing trade to the central, western, and northeastern regions, formulate green and low-carbon standards for some foreign trade products, guide enterprises to make good use of cross-border e-commerce retail export-related tax policies and improve the efficiency of customs clearance.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to China National News.

More Information

32 ℃

Fair in Shanghai/Hongqiao

International

Section

No confirmation, as reports say King Charles going to France in fall

PARIS, France: According to a report by BFM TV, Britain's King Charles is considering a visit to France in September, ...

US to get tough as drone disrupts Pittsburgh airport

WASHINGTON D.C.: The Federal Aviation Administration has said that a drone sighting disrupted some flights at Pittsburgh International Airport this ...

New Oregon gun law being challenged in court case

PORTLAND, Oregon: A federal trial has begun in Portland, Oregon examining the constitutionality of a stringent gun control law approved ...

After removing Columbus statue, Philadelphia sued for return

PHILADELPHIA, Pennsylvania: Philadelphia Mayor Jim Kenney and members of the city's historical commission have been sued by a group which ...

Area evacuated as wildfire burns thru Michigan

LANSING, Michigan: Michigan's Department of Natural Resources said by a wildfire in the state has burned through more than 3 ...

Official: airlines industry acting to prevent cancellations

ISTANBUL, Turkey: In an interview with Reuters, Willie Walsh, director-general of the International Air Transport Association, (IATA), said airlines are ...