China's Exports Increased in First Two Months

Statistics from the Customs show that China's imports and exports in first two months reached a total worth of $69.91 billion, a 16 percent increase over the same period last year. Of these, exports were up to $36.14 billion, imports $33.77 billion, showing a 14.5 and 17.7 percent increase respectively, achieving a surplus of $2.37 billion in foreign trade payment and underlining this is the following:

1. Of China's general trade, exports showed stable growth, imports a sharp increase. A total of $30.0 billion were created, including $14.79 billion by exports, $15.81 billion imports, a rise of 9.6 percent and 25 percent respectively, thanks to a cut of import duty since start of the year.

2. Imports from European Union and the US sharply increased, at a growth rate of 22 percent and 23.1 percent respectively, and a sharp increase in China's exports to other countries and regions.

3. Rising import and export trade developed by foreign-invested enterprises, to a total of $35.41 billion, 21.5 percent rise or a growth of 5.5 percentage points, accounting for 50.7 percent of China's total import and export growth.

By PD Online staff member Huang Ying

People's Daily Online --- http://english.peopledaily.com.cn/