'10 pc rise in China's foreign trade still possible'

Top Stories

»	Sensex, Nifty open 1 pc lower amid West Asia tensions, weak global cues
»	India clocks robust 7.7 pc GDP growth in 2025-26, Q4 growth at 7.8 pc
»	RBI keeps repo rate unchanged at 5.25 pc, maintains ‘Neutral’ stance
»	Crude oil prices fall over 1 pc as ceasefire hopes ease West Asia concerns
»	Forced labour import curbs: US proposes up to 12.5 pc tariff on 60 countries, including India

IANS | 15 May, 2012
The outlook for China's foreign trade remained grim but the full-year target of 10 percent rise will still be possible to achieve, authorities said Tuesday.

The country might register a trade surplus in 2012, Ministry of Commerce spokesperson Shen Danyang said, reported Xinhua.

China's foreign trade rose 2.7 percent year on year to $308.08 billion in April, with a surplus of $18.42 billion.

The growth rate represents a slowdown from the 7.1-percent rate logged in March, reported Xinhua.

Exports amounted to $163.25 billion in April, up 4.9 percent year on year, while imports edged up 0.3 percent to reach $144.83 billion, the General Administration of Customs (GAC) data had showed recently.

For the first four months of the year, the country's foreign trade went up 6 percent from a year earlier to $1.17 trillion, with exports and imports up 6.9 percent and 5.1 percent to $593.24 billion and $573.94 billion respectively.

China saw trade surplus of $19.3 billion during the January-April period, the GAC said.