国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Trade volume grows robustly in 1st quarter

By JING SHUIYU | China Daily | Updated: 2018-04-14 06:45
Share
Share - WeChat
A general view of the Yangshan Deep-Water Port, an automated cargo wharf, in Shanghai, April 9, 2018. [Photo/VCG]

China's foreign trade volume registered hefty growth of 9.4 percent year-on-year to 6.75 trillion yuan ($1.07 trillion) in the first quarter of the year, buoyed by the steady recovery of the global economy and solid domestic demand, a customs spokesman said on Friday.

The country's exports increased by 7.4 percent year-on-year to 3.54 trillion yuan in the first three months, while imports surged by 11.7 percent to 3.21 trillion yuan, Huang Songping, spokesman for the General Administration of Customs, said at a news conference.

China's trade performance has gotten off to a strong start this year, thanks to the stable recovery of the world economy, sustained demand in the domestic market and advancement of the Belt and Road Initiative, Huang said.

However, uncertainties in the international environment and rising protectionism pose challenges to the stable growth of the global economy and trade in the next quarter, Huang added.

The sudden spike in trade tensions between China and the United States has clouded the outlook for trade growth.

The World Trade Organization said on Thursday that global merchandise trade volume would grow by 4.4 percent this year, after posting its largest increase in six years in 2017. But the report also pointed out that there are signs that escalating trade tensions may already be affecting business confidence and investment decisions, which could compromise the current outlook.

"The tit-for-tat trade tensions between China and the US could not only undermine the two countries' trade volume, but also add a drag to global economic growth," Deng Haiqing, chief economist with JZ Securities, said in a research note.

Sino-US trade volume exceeded $141.59 billion between January and March, an increase of 13 percent year-on-year. Specifically, China's exports to the US jumped by 14.8 percent and imports from the US rose by 8.9 percent, resulting in a trade surplus of $58.25 billion.

Huang reiterated that the China-US trade imbalance was determined by the two countries' economic structure and industrial competitiveness. "If we take into account the factors such as statistical method, transit trade and trade in service, China's trade surplus with the US is actually not that big," Huang added.

He said China has never deliberately pursued a trade surplus.

In March, China's exports denominated in yuan shrank by 9.8 percent year-on-year, while imports surged by 5.9 percent, leading to a trade deficit of 29.78 billion yuan in that month, the customs administration figures show. China's trade surplus stood at 326.18 billion yuan in the first quarter, a decline of 21.8 percent from the same period last year.

Huang called on the administration of US President Donald Trump to listen patiently to rational and pragmatic voices on such issues, and to propose constructive measures to solve disputes and get the bilateral trade relations back on track.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
阜新| 灵宝市| 曲水县| 东乌珠穆沁旗| 宣汉县| 邻水| 沅江市| 石棉县| 兴宁市| 麻城市| 江西省| 新绛县| 和硕县| 昭通市| 博爱县| 行唐县| 和静县| 临桂县| 象山县| 历史| 九寨沟县| 德化县| 塔城市| 平顶山市| 额尔古纳市| 宁晋县| 邛崃市| 罗源县| 玉田县| 华容县| 大埔区| 平邑县| 曲麻莱县| 潍坊市| 通渭县| 漳州市| 盈江县| 武川县| 应城市| 沁源县| 京山县|