Xinhua
26 May 2023, 22:00 GMT+10
BEIJING, May 26 (Xinhua) -- China's foreign trade has been expanding steadily, exhibiting resilience as its economy continues its upward momentum.
The country's international trade in goods and services increased by 7 percent year on year last month to nearly 3.67 trillion yuan or 533 billion U.S. dollars, official data showed Friday.
It registered a surplus of 276.1 billion yuan in April, up 3 percent, said the State Administration of Foreign Exchange.
The surplus in goods trade reached 392.3 billion yuan, the highest monthly level in 2023.
Regarding primary items, the export and import of transport services, travel services, and other business services registered 142 billion yuan, 106.5 billion yuan, and 88 billion yuan, respectively.
The country's economy has got off to a steady start this year. With regular social and economic operations fully resumed in April, multiple output and demand indicators registered faster growth.
Official data showed that the world's second-largest economy saw a steady expansion in industrial output, consumption, and the services sector, among others, in April.
China has recently introduced new policies to stabilize the scale of foreign trade and improve its structure, which will help boost the confidence and vitality of foreign trade enterprises and promote the stability and quality of foreign trade throughout the year.
To keep the foreign trade scale stable, the country will create more opportunities, stabilize trade of vital products and support foreign trade companies.
To improve foreign trade structure, China will guide the transfer of processing trade to the central, western, and northeastern regions, formulate green and low-carbon standards for some foreign trade products, guide enterprises to make good use of cross-border e-commerce retail export-related tax policies and improve the efficiency of customs clearance.
Get a daily dose of Hong Kong Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Hong Kong Herald.
More InformationBEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...
BONN, Germany: Despite widespread belt-tightening across the United Nations, nearly 200 countries agreed this week to increase the...
(New York) - China's government has erased Hong Kong's freedoms since imposing the draconian National Security Law on June 30, 2020,...
NEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...
NEW YORK CITY, New York: The U.S. dollar continues to lose ground, weighed down by growing concerns over Washington's fiscal outlook...
KABUL, Afghanistan: Afghanistan, long associated with war and instability, is quietly trying to rebrand itself as a destination for...
SANTA CLARA, California: Executives at Nvidia have quietly been cashing in on the AI frenzy. According to a report by the Financial...
NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...