China's foreign trade tumbles 10.8% in Jan
Updated: 2015-02-08 10:55
(Xinhua)
|
|||||||||
The index, a key measure of factory activity in China, posted at 49.8 in January, fell below 50 for the first time since October 2012, while the new order index was 48.4, also lower from December's 49.1.
A reading above 50 indicates expansion, while a reading below 50 represents contraction.
GAC head Yu Guangzhou said the country will further balance the quality and quantity of export expansion with more policy support for competitive products and new industries, so as to improve the role of Chinese enterprises in the global value chain.
Meanwhile, the State Council, China's cabinet, has given the go ahead for GAC to release its trade data using yuan-denominated figures for this year.
Before 2014, the GAC mainly used the US dollar in its trade data releases. It started to use both the dollar and yuan to denominate all trade figures in 2014 in an effort to promote the expanded use of yuan.
Most Viewed
Editor's Picks
China, US vow to deepen military relations |
Premier Li attends Davos Forum |
Li Na expecting first baby |
Star's marriage is 'bittersweet' news for fans |
Chinese IPOs in the US in 2014 |
Tale of two cities |
Today's Top News
Search continues for 3 missing in TransAsia crash
Three more H7N9 cases reported in China's Guangdong
US invites President Xi for state visit
US issues unemployment figures for Asian-Americans
Beijing district to ease residency permits for migrants
Deputy consul gets official sendoff
Chinese Americans growing as spenders
Tax, tech rules 'test' US-China relations
US Weekly
Geared to go |
The place to be |