From falling to rising! my country’s exports increased by 8.2% year-on-year in April

(Source: Xinhuanet Party Building Critical Review 2020-05-07)

After a double-digit year-on-year decline in the first quarter, my country's exports of goods w88 ushered in restorative growth in April. Data released by the General Administration of Customs on the 7th showed that my country’s exports increased by 8.2% year-on-year in April.

Data shows that in April, my country’s total foreign w88 import and export value was 2.5 trillion yuan, a slight decrease of 0.7% year-on-year. Among them, exports were 1.41 trillion yuan, an increase of 8.2%; imports were 1.09 trillion yuan, a decrease of 10.2%; the w88 surplus was 318.15 billion yuan, an increase of 2.6 times.

Looking at the first four months as a whole, my country's total foreign w88 import and export value was 9.07 trillion yuan, a year-on-year decrease of 4.9%, and the decline was 1.5 percentage points narrower than the first quarter. Among them, exports were 4.74 trillion yuan, down 6.4%; imports were 4.33 trillion yuan, down 3.2%; the w88 surplus was 415.7 billion yuan, down 30.4%.

In terms of trading partners, ASEAN continues to remain my country’s largest trading partner. In the first four months, the total w88 value between my country and ASEAN was 1.35 trillion yuan, an increase of 5.7%, accounting for 14.9% of my country's total foreign w88 value. The total w88 value between my country and the EU was 1.23 trillion yuan, down 6.5%, accounting for 13.6% of my country's total foreign w88 value. The total value of Sino-US w88 was 958.46 billion yuan, a decrease of 12.8%, accounting for 10.6% of my country's total foreign w88 value. The total w88 value between China and Japan was 665.68 billion yuan, down 2.1%, accounting for 7.3% of my country's total foreign w88 value. During the same period, my country's total import and export to countries along the "Belt and Road" was 2.76 trillion yuan, an increase of 0.9%, accounting for 30.4% of my country's total foreign w88 value, and the proportion increased by 1.7 percentage points.

From the perspective of foreign w88 market entities, in the first four months, my country's private enterprises imported and exported 3.92 trillion yuan, an increase of 0.5%, accounting for 43.2% of my country's total foreign w88 value, an increase of 2.3 percentage points over the same period last year. As the largest foreign w88 market entity, my country's private enterprises have shown strong resilience.

Data shows that my country’s exports of mechanical and electrical products and clothing declined in the first four months, while textile exports increased. Specifically, the export of mechanical and electrical products was 2.79 trillion yuan, a decrease of 5.9%, accounting for 58.8% of the total export value. Clothing exports were 205.1 billion yuan, down 20.2%. During the same period, textile exports, including masks, amounted to 261.3 billion yuan, an increase of 5.9%.

Zhuang Rui, Deputy Dean of the Institute of International Economics, w88 casinoThink,The rebound in exports in April is a positive signal, showing the strong resilience of the Chinese economy and the strong external market demand for Chinese manufacturing. However, a single-month rebound in exports does not necessarily represent a long-term trend, and the apparent decline in imports in April is worrying. Taken together, my country's foreign w88 development is still facing a complex and severe situation, and the work of stabilizing foreign w88 must continue to be strengthened.

Original link:

http://www.xinhuanet.com/fortune/2020-05/07/c_1125952452.htm