China's foreign trade to continue stabilizing in 2018: MOC

Updated 2018-05-10 16:42:04 Xinhua

China's foreign trade development is expected to further stabilize and improve in 2018, the Ministry of Commerce (MOC) said Thursday.

"China's foreign trade continued to stabilize and improve in the first four months this year and the trend will continue through the year," said Gao Feng, the MOC spokesperson.

China's goods exports rose 6.4 percent year-on-year to 4.81 trillion yuan (about 756 billion U.S. dollars) in the January-April period, while imports grew 11.7 percent to 4.3 trillion yuan, resulting in a trade surplus of 506.24 billion yuan, which narrowed by 24.1 percent, data from the General Administration of Customs (GAC) showed.

"Growing global demand amid a recovering world economy, as well as China's sound economic fundamentals and supply-side structural reforms, have supported foreign trade," Gao said.

In April, the goods trade surplus shrank by 27 percent to 182.8 billion yuan, as exports rose 3.7 percent year-on-year to 1.27 trillion yuan, while imports grew 11.6 percent to 1.09 trillion yuan, according to the GAC.

"Trade surplus is not our goal," said Gao, adding the current trade surplus is totally driven by market forces, and trade balance conditions will vary with market changes.

China hoped the development of its foreign trade would not only benefit Chinese people, but also the rest of the world and the global economy, to bring the community with a shared future for mankind even closer, according to the spokesman.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58May 27 2018 05:39:51

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16May 27 2018 05:39:51

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18May 27 2018 05:39:51

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords