Xinhua
09 May 2025, 22:10 GMT+10
An aerial drone photo taken on March 21, 2025 shows loaders for export to Vietnam in Guangxi Pingxiang Integrated Free Trade Zone in Pingxiang, south China's Guangxi Zhuang Autonomous Region. (Xinhua/Cao Yiming)BEIJING, May 9 (Xinhua) -- China's foreign trade has maintained resilience and stable growth since the beginning of this year despite challenges from external environment, official data showed on Friday.China's total goods imports and exports in yuan-denominated terms expanded 5.6 percent year on year in April, according to the General Administration of Customs (GAC).Last month, China's goods exports rose 9.3 percent year on year to 2.27 trillion yuan (about 314 billion U.S. dollars), while imports went up 0.8 percent year on year to 1.57 trillion yuan.Lyu Daliang, director of the GAC's Department of Statistics and Analysis, said China's foreign trade has sustained steady growth since the beginning of this year thanks to the concerted efforts of various localities and departments in the face of external shocks.In the first four months of this year, China's total goods imports and exports in yuan-denominated terms expanded 2.4 percent to 14.14 trillion yuan, the data showed.During the period, China's exports rose 7.5 percent to 8.39 trillion yuan while imports fell 4.2 percent to 5.75 trillion yuan.The steady growth of China's foreign trade in the first four months fully reflected the country's economic resilience, said Wan Zhe, an expert from Beijing Normal University.In particular, the robust foreign trade growth in April highlighted China's swift adjustment capability to cope with trade disputes and supply chain shocks, Wan said.According to the GAC data, the growth rate of China's goods trade in April accelerated by 4.3 percentage points compared with the expansion recorded in the first quarter.Exceeding market expectations, the latest performances of China's foreign trade sector have demonstrated the irreplaceability of the country's manufacturing sector within the global industrial chain, according to Wan.The GAC data also showed continued structural improvement in China's foreign trade. In the first four months, China's export of mechanical and electrical products increased by 9.5 percent year on year to 5.04 trillion yuan, accounting for 60.1 percent of the country's total goods exports.High-tech products showed outstanding performance with a total trade value of 1.52 trillion yuan in the first four months, a year on year increase of 7.4 percent, Lyu said.In terms of trading partners, ASEAN remained China's largest trading partner in the January-April period. During this period, trade between China and the ASEAN bloc totaled 2.38 trillion yuan, a year on year increase of 9.2 percent.During the same period, China's foreign trade with the European Union went up 1.1 percent year on year to 1.78 trillion yuan, while that with Belt and Road partner countries rose 3.9 percent to 7.25 trillion yuan.China's foreign trade with the United States decreased by 2.1 percent year on year to 1.44 trillion yuan during this period, according to the data.
Get a daily dose of Switzerland Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Switzerland Times.
More InformationBRUSSELS, Belgium: Tesla's sales in Europe nosedived in April, with sharp drops across multiple countries, including an 81 percent...
(Athens, May 8, 2025) - Greece faces a media freedom crisis as a result of actions and failures by the Greek government, threatening...
An aerial drone photo taken on March 21, 2025 shows loaders for export to Vietnam in Guangxi Pingxiang Integrated Free Trade Zone in...
New Delhi [India], May 9 (ANI): Free Trade Agreements (FTAs) are making India more competitive with markets like the United States...
The ambassadors of neighboring countries have already been informed about the chancellors decision, Die Welt has reported New German...
Ambassadors of neighboring countries have already been informed about Chancellor Merzs decision, Die Welt has reported New German...
MOSCOW, Russia - Russia came to a standstill on Friday as the nation commemorated its victory over Nazi Germany in the second World...
DHAKA, Bangladesh: Thousands of supporters of the Islamist group Hefazat-e-Islam took to the streets of Dhaka to protest proposed legal...
Pope Leo XIV, has spoken publicly for the first time since his election as Pope to succeed Pope Francis who died on Easter Monday....
The EU on Wednesday called on India and Pakistan to take immediate steps' to de-escalate after India fired missiles into Pakistani-administered...
WASHINGTON, D.C.: President Donald Trump's administration is planning to cut many jobs at the CIA and other U.S. spy agencies, according...
BOISE, Idaho: Seven people died, and eight were hurt when a van carrying tourists crashed into a pickup truck and caught fire near...