China''s trade surplus in April more than doubled from March to $16.88 billion
despite a slowing of exports and a rise in imports over the past month, latest
customs statistics showed.
figure, however, was steeply down from the $23,7 billion surplus reported in February
during April stood at $97.45 billion while imports totalled $80.57 billion.
growth on an year-on-year basis stood at 28.8 per cent in April against 26.8 per
cent, a slight drop of one percentage point from the first quarter while imports
at 21.3 per cent was about 3.1 percentage points higher, Xinhua news agency reported.
this, the aggregate trade surplus for the first four months has reached $63.31
billion, the General Administration Customs said.
has promised to reduce trade surplus with its major trading partners by importing
more goods as its surging trade surplus is triggering trade friction with the
US and the EU.
is expected to replace Germany as the world''s second largest trading country later
this year with $2.1 trillion in foreign trade.
China''s trade surplus rose to a record $178 billion in 2006, up 74 per cent from
a record $102 billion in 2005.
EU remained China''s top trading partner during January-April, with total trade
reaching $103.6 billion, up 29.5 per cent from the same period the previous year.
The US was second with a trade volume of $91.87 billion.