China's exports rise, imports rebound in May
Updated: 2016-06-08 14:36
(Xinhua)
|
|||||||||
A stevedore works at Qingdao port in Shandong province, July 1, 2015. [Photo/IC] |
Imports grew 5.1 percent, significantly rebounding from a 5.7-percent decline in April, according to figures from the General Administration of Customs (GAC).
Trade surplus last month was 324.8 billion yuan ($50 billion), up from April's 298 billion yuan.
Foreign trade increased 2.8 percent year on year to about 2 trillion yuan in May, while for the first five months combined slipped 3.2 percent to nearly 9.2 trillion yuan, recovering from a 4.8-percent decline for the January-April period.
In the five months, exports dropped 1.8 percent year on year and imports went down 5 percent, leading to a trade surplus of 1.4 trillion yuan.
A leading index for export outlook dropped by 0.7 points to 33.1 points in May, signaling growing pressure on export growth in the third quarter of 2016, said a GAC statement.
Trade with the European Union, China's largest trading partner, climbed 2 percent year on year in the first five months.
Trade with the United States and ASEAN, China's second- and third-largest trading partners, declined 5.2 percent and 1.6 percent, respectively.
Trade with Japan, China's fifth largest trading partner, edged down 0.3 percent.
The GAC said imports of iron ore, crude oil and product oil "notably recovered" in the five months -- up 9.1 percent, 16.5 percent and 4.5 percent, respectively.
However, automobile imports fell 12.8 percent. Plastics and steel imports also posted declines.
- Suspected IS terrorists arrested in Germany
- Japanese boy abandoned by parents in Hokkaido forest found alive
- China to build Africa's biggest university library
- 'Kill list' found in UCLA campus shooter's residence: Police
- Swiss declare Alps tamed as Gotthard rail tunnel opens
- China urges Japan to properly settle Chinese forced laborers issue
- Euro powers land in France for UEFA EURO 2016
- The most unusualgaokao candidates in 2016
- Elderly man carries on 1000-year old dragon boat craft
- Row your dragon boat, cute pandas in Yunnan!
- In pics: China's college entrance exam starts
- Popular foods to break fast during holy month of Ramadan
- Top 10 biggest brands in Asia listed in media report
- Things you need to know about China's gaokao
Most Viewed
Editor's Picks
Anti-graft campaign targets poverty relief |
Cherry blossom signal arrival of spring |
In pictures: Destroying fake and shoddy products |
China's southernmost city to plant 500,000 trees |
Cavers make rare finds in Guangxi expedition |
Cutting hair for Longtaitou Festival |
Today's Top News
Abe's blame game reveals his policies failing to get results
Ending wildlife trafficking must be policy priority in Asia
Effects of supply-side reform take time to be seen
Chinese State Councilor Yang Jiechi to meet Kerry
Chinese stocks surge on back of MSCI rumors
Liang avoids jail in shooting death
China's finance minister addresses ratings downgrade
Duke alumni visit Chinese Embassy
US Weekly
Geared to go |
The place to be |