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Last updated at: (Beijing Time) Monday, May 12, 2003

April to Turn round Unfavorable Balance in Trade

On entering into the April, though the import and export trades still witnessed a high-speed increase yet it indicated a distinct downfall in the scale of import growth. The very month saw a favorable balance of USD 1.02 billion in trade value, thereby turning round the unfavorable trade balance in the first season as a whole. The first four months saw an accumulated surplus of USD100 million in trade.


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On entering into the April, though the import and export trades still witnessed a high-speed increase yet it indicated a distinct downfall in the scale of import growth. The very month saw a favorable balance of USD 1.02 billion in trade value, thereby turning round the unfavorable trade balance in the first season as a whole. The first four months saw an accumulated surplus of USD100 million in trade.

By the latest statistics from the customs, the last April realized a total value of USD 70.22 billion in China's import and export trade, a first time breakthrough of USD 70 billion in monthly foreign trade, a rise of 33.8 percent as against the same period of last year. Among them, the export made up USD 35.62 billion, an increase of 33.3 percent and the import accounted for USD 34.6 billion, a rise of 34.4 percent, hitting a monthly record high in both import and extort trades.

The customs statistics show that the trade development between China and the major trade partners is going on in a favorable way. From last January to April, the bilateral trades between China and Japan realized a total value of USD 40.28 billion, a growth of 36.4 percent, that of Sino-American trade, a total of USD 36.26 billion, an increase of 35.5 percent. The bilateral trades between China with EU, ASEAN and the ROK witnessed an increasing speed of over 40 percent.

By People's Daily Online


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