China's foreign trade down for sixth month

Source: Xinhua | May 12, 2009, Tuesday |

Online Edition

CHINA'S exports and imports shrank for the sixth month in row in April, the General Administration of Customs said today.

Exports fell 22.6 percent in April from the same period a year ago to 91.94 billion US dollars. Imports were down 23 percent to 78.8 billion US dollars,

The trade surplus was 13.14 billion US dollars.

A Citic Securities analyst said the weakening global economic outlook, depreciation of major Asian currencies, as well as the resurgence of protectionism continued to impede China's exports. It is likely to continue throughout the first half of the year, said the analyst.

The combined foreign trade in April was worth 170.73 billion US dollars, down 22.8 percent year on year, but that was up 10.4 percent from that for March.

Exports in the four months to April totaled 337.42 billion US dollars, down 20.5 percent, and imports went down 28.7 percent to 261.99 billion US dollars over the same period.

Economy

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China's foreign trade down for sixth month

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