BUSINESS China's exports rebound in April

BUSINESS

China's exports rebound in April

Xinhua

13:29, May 07, 2020

BEIJING, May 7 (Xinhua) -- China's exports of goods rebounded in April, adding to signs that the country's foreign trade is stabilizing amid further containment of COVID-19.

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File photo: CGTN

The country's exports rose 8.2 percent year on year to 1.41 trillion yuan (about 198.8 billion U.S. dollars) in April, compared with a drop of 11.4-percent in the first quarter, the General Administration of Customs said Thursday.

Imports fell 10.2 percent to 1.09 trillion yuan last month, resulting in a trade surplus of 318.15 billion yuan.

Foreign trade of goods inched down 0.7 percent year on year in April to 2.5 trillion yuan, narrowing from a drop of 6.4-percent in Q1.

In the first four months, foreign trade of goods totaled 9.07 trillion yuan, down 4.9 percent year on year.

China has rolled out a string of policies to help foreign trade firms resume production amid further containment of COVID-19. 


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